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  • January 21, 2011 at 8:06 AM #657862
    Rich Toscano
    Keymaster

    Months of inventory has done a good job of predicting near-term price pressures: http://www.voiceofsandiego.org/toscano/article_91bccab0-f2b7-11df-b41f-001cc4c03286.html

    But there is no one indicator to signal a sustainable bottom… there are too many factors at work.

    January 22, 2011 at 1:03 AM #657072
    LuckyInOC
    Participant

    [quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]

    Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…

    I thought it was kind of funny and accurate…

    Lucky In OC

    January 22, 2011 at 1:03 AM #657011
    LuckyInOC
    Participant

    [quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]

    Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…

    I thought it was kind of funny and accurate…

    Lucky In OC

    January 22, 2011 at 1:03 AM #657671
    LuckyInOC
    Participant

    [quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]

    Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…

    I thought it was kind of funny and accurate…

    Lucky In OC

    January 22, 2011 at 1:03 AM #657809
    LuckyInOC
    Participant

    [quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]

    Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…

    I thought it was kind of funny and accurate…

    Lucky In OC

    January 22, 2011 at 1:03 AM #658139
    LuckyInOC
    Participant

    [quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]

    Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…

    I thought it was kind of funny and accurate…

    Lucky In OC

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