there’s 20,740 SFR/Condos with ziprealty vs. the 19,714 of MLS. however, the MLS number is excluding mobile homes, which number at close to 700, that still leave 300 SFR/Condos on zip that’s unaccounted for on the MLS.
But look at how zip undercounts land. yet overcount MFR.
oh boy, what did I get myself into!
and yes SDR, the inventory peaked in 8/06 at 23,380
Total – 225…That doesn’t cover the discrepancy of 414. I could go back to say 8/26 and that would certainly bump the number up. I think it would help.
Something is still gnawing at me though. When numbers don’t play correctly it means that there is still an underlying assumption we are missing.
I keep going back to the zip codes. The MLS search is 91901 to 92173…Do you think there is any chance zip included some shadow zip codes or anything of that nature?
What about listings that were around in 06 that are now going through NOD -> REO process? Does anyone have historical foreclosure data (counts broken down per step of the process) for the time period? I am wondering of some of the listings were people trying to get out in 06, tried to refi more recently (because they were underwater and didn’t want to/couldn’t take the hit.. after all it will turn around next week..), and now going to the bank. I wonder how many banks are/were playing hardball on short-sales?
