My, oh my have we had an active forum of late. I had to go to page 5 on the Housing Forum to retrieve this post. Sorry for my lack of posting lately but I’ve been real busy with other more important stuff.
Here’s the update:
Countywide we are at 19,170 up from 18,955 last week and the first real increase in a while. Last week I opined that we had hit peak inventory. I was wrong. I also opined last week that for inventory to increase now would need a big uptrend in distress sales. I think that I was wrong there too. My guess is that we saw some panicsellers enter the market based upon last weeks credit news. It’s just MHO and we all know what thats worth.
Speaking of which, Short sales 3,626 up from 3,469 last week. Still no end in sight here.
Welcome back Artifact. Looks like we woke up around the same time today.
