San Diego YOY Inventory now nearly flat.

[Bugs]

Sorry, but I just don’t see how the one number flattening can be considered indicative of anything.

This is another example of the folly of comparing the two datasets against each other as if they’re the same. They aren’t.

The gross number of all sellers is more or less stable, but the number of compelled-to-sell is increasing every month. The sellers who have left are those discretionary sellers who weren’t selling anything last year anyway.

This is happening against the backdrop of a declining rate of sales. If anything, the current supply/demand dynamic looks a lot worse now than it did last year.

What you’re looking for is an increase in the number of buyers against an equally decreasing number of sellers. Even when that happens it’s going to take a while. This aircraft carrier is not going to turn on a dime.

[HereWeGo]

Messrs Case and Shiller send their regards.

How long can those with substantial equity gains watch those gains whittle away by 3-5% each month, month after month, until they start looking to pick up REOs on the cheap to bank what remains of those gains?

[HereWeGo]

Messrs Case and Shiller send their regards.

How long can those with substantial equity gains watch those gains whittle away by 3-5% each month, month after month, until they start looking to pick up REOs on the cheap to bank what remains of those gains?

[HereWeGo]

Messrs Case and Shiller send their regards.

How long can those with substantial equity gains watch those gains whittle away by 3-5% each month, month after month, until they start looking to pick up REOs on the cheap to bank what remains of those gains?

[HereWeGo]

Messrs Case and Shiller send their regards.

How long can those with substantial equity gains watch those gains whittle away by 3-5% each month, month after month, until they start looking to pick up REOs on the cheap to bank what remains of those gains?

[HereWeGo]

Messrs Case and Shiller send their regards.

How long can those with substantial equity gains watch those gains whittle away by 3-5% each month, month after month, until they start looking to pick up REOs on the cheap to bank what remains of those gains?

[farbet]

More trouble ahead

Additionally, lawmakers in Washington, D.C. are at work on several plans that would deliver foreclosure relief to distressed borrowers.

All of these foreclosure prevention efforts may not be able to stand up to the tsunami of foreclosures on the way. Sharga says that a record number of hybrid adjustable rate mortgages (ARMs) – worth $362 billion – will reset in 2008.

These so-called “exploding ARMs” usually have low introductory interest rates that reset much higher after two or three years, and then re-adjust as often as every six months after that. Unless these loans can be reworked, many will fail.

“We expect to see another foreclosure peak in the late third or fourth quarter of the year,” said Sharga, “because of the record number of resets coming.”

[farbet]

More trouble ahead

Additionally, lawmakers in Washington, D.C. are at work on several plans that would deliver foreclosure relief to distressed borrowers.

All of these foreclosure prevention efforts may not be able to stand up to the tsunami of foreclosures on the way. Sharga says that a record number of hybrid adjustable rate mortgages (ARMs) – worth $362 billion – will reset in 2008.

These so-called “exploding ARMs” usually have low introductory interest rates that reset much higher after two or three years, and then re-adjust as often as every six months after that. Unless these loans can be reworked, many will fail.

“We expect to see another foreclosure peak in the late third or fourth quarter of the year,” said Sharga, “because of the record number of resets coming.”

[farbet]

More trouble ahead

Additionally, lawmakers in Washington, D.C. are at work on several plans that would deliver foreclosure relief to distressed borrowers.

All of these foreclosure prevention efforts may not be able to stand up to the tsunami of foreclosures on the way. Sharga says that a record number of hybrid adjustable rate mortgages (ARMs) – worth $362 billion – will reset in 2008.

These so-called “exploding ARMs” usually have low introductory interest rates that reset much higher after two or three years, and then re-adjust as often as every six months after that. Unless these loans can be reworked, many will fail.

“We expect to see another foreclosure peak in the late third or fourth quarter of the year,” said Sharga, “because of the record number of resets coming.”

[farbet]

More trouble ahead

Additionally, lawmakers in Washington, D.C. are at work on several plans that would deliver foreclosure relief to distressed borrowers.

All of these foreclosure prevention efforts may not be able to stand up to the tsunami of foreclosures on the way. Sharga says that a record number of hybrid adjustable rate mortgages (ARMs) – worth $362 billion – will reset in 2008.

These so-called “exploding ARMs” usually have low introductory interest rates that reset much higher after two or three years, and then re-adjust as often as every six months after that. Unless these loans can be reworked, many will fail.

“We expect to see another foreclosure peak in the late third or fourth quarter of the year,” said Sharga, “because of the record number of resets coming.”

[farbet]

More trouble ahead

Additionally, lawmakers in Washington, D.C. are at work on several plans that would deliver foreclosure relief to distressed borrowers.

All of these foreclosure prevention efforts may not be able to stand up to the tsunami of foreclosures on the way. Sharga says that a record number of hybrid adjustable rate mortgages (ARMs) – worth $362 billion – will reset in 2008.

These so-called “exploding ARMs” usually have low introductory interest rates that reset much higher after two or three years, and then re-adjust as often as every six months after that. Unless these loans can be reworked, many will fail.

“We expect to see another foreclosure peak in the late third or fourth quarter of the year,” said Sharga, “because of the record number of resets coming.”

[ocrenter]

a few days late, but here’s my response to schizo’s concerns:

http://bubbletracking.blogspot.com/2008/05/flat-or-declining-inventory-what-gives.html

[ocrenter]

a few days late, but here’s my response to schizo’s concerns:

http://bubbletracking.blogspot.com/2008/05/flat-or-declining-inventory-what-gives.html

[ocrenter]

a few days late, but here’s my response to schizo’s concerns:

http://bubbletracking.blogspot.com/2008/05/flat-or-declining-inventory-what-gives.html

[ocrenter]

a few days late, but here’s my response to schizo’s concerns:

http://bubbletracking.blogspot.com/2008/05/flat-or-declining-inventory-what-gives.html

[Author]

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