You’re right JWM, all the data is there. The MSM provides it to us everyday (reset charts, defaults, etc.. ) If not, look at the mls listings languishing on the market with reductions upon reductions. The short sales, the foreclosures, etc…
Even areas of the country with “affordable” housing are foreclosure centrals. The easy money spigot has only began to be turned off. 2 to 3 million foreclosures are expected. How anyone can figure a bottom until all those foreclosures have taken place and sold is beyond me?!! And they want more data *&!! Are the current and upcoming foreclosures not phantom inventory?
