Is the market paralyzed with complacency – Piggington's Econo-Almanac

This topic has 1 reply, 2 voices, and was last updated 18 years, 7 months ago by bubble_contagion.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
April 3, 2006 at 10:04 PM #6450

Jim Brubaker
Participant

I was just perusing the Bubble Market Inventory Tracking blog. I noticed that the Phoenix/Maricopa and Pinal County area had over 40,000 listings for a population of 3.8 million people

I’ve been watching the San Diego area creep towards 19,000 and the total population for this area is a little over 3 million. Looks like we have a way to go to get to Phoenix’s level of inventory.

There should be a very perceivable stress factor when you look at the 2 to 1 ratio and yet there isn’t.

I just read in the Disclosures blog that there were more foreclosures in North Carolina than new home sales last month.

Something is amiss here, its real and tangible, but it doesn’t seem visible –yet.

April 3, 2006 at 11:44 PM #23966

bubble_contagion
Participant

You also have to look at sales. 2/06: 5400 for Phoenix vs 2800 in San Diego. Both cities have about 6.5 months of inventory.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.