[quote=jpinpb]Jim’s got some info on shadow inventory[/quote]
Very interesting. MM seems to have the highest phantom foreclosure. In March, 50 property closed escrow, so right now, w/out the phantom inventory, there’s 2.5 month supply, assuming none of the short sale have offer. So, the phantom inventory amounts to ~4 months of supply. So, that’s ~6.5 months of supply total. What is considered normal for months of supply?
[quote=jpinpb]Jim’s got some info on shadow inventory[/quote]
Very interesting. MM seems to have the highest phantom foreclosure. In March, 50 property closed escrow, so right now, w/out the phantom inventory, there’s 2.5 month supply, assuming none of the short sale have offer. So, the phantom inventory amounts to ~4 months of supply. So, that’s ~6.5 months of supply total. What is considered normal for months of supply?
[quote=jpinpb]Jim’s got some info on shadow inventory[/quote]
Very interesting. MM seems to have the highest phantom foreclosure. In March, 50 property closed escrow, so right now, w/out the phantom inventory, there’s 2.5 month supply, assuming none of the short sale have offer. So, the phantom inventory amounts to ~4 months of supply. So, that’s ~6.5 months of supply total. What is considered normal for months of supply?
[quote=jpinpb]Jim’s got some info on shadow inventory[/quote]
Very interesting. MM seems to have the highest phantom foreclosure. In March, 50 property closed escrow, so right now, w/out the phantom inventory, there’s 2.5 month supply, assuming none of the short sale have offer. So, the phantom inventory amounts to ~4 months of supply. So, that’s ~6.5 months of supply total. What is considered normal for months of supply?
[quote=jpinpb]Jim’s got some info on shadow inventory[/quote]
Very interesting. MM seems to have the highest phantom foreclosure. In March, 50 property closed escrow, so right now, w/out the phantom inventory, there’s 2.5 month supply, assuming none of the short sale have offer. So, the phantom inventory amounts to ~4 months of supply. So, that’s ~6.5 months of supply total. What is considered normal for months of supply?
I was looking in MM myself, and I realized the invetory/listings evaporated overnight. Now, I am hopeful that the shadow inventory is about to kick into high gear and putting more pressure on prices. I guess at this point I don’t even have an issue with the prices, I just don’t have a decent pool of inventory to choose from.
Per Jim’s remarkable report……MM is expecting a huge increase in REO…..coming near your favorite site/MLS 🙂
I was looking in MM myself, and I realized the invetory/listings evaporated overnight. Now, I am hopeful that the shadow inventory is about to kick into high gear and putting more pressure on prices. I guess at this point I don’t even have an issue with the prices, I just don’t have a decent pool of inventory to choose from.
Per Jim’s remarkable report……MM is expecting a huge increase in REO…..coming near your favorite site/MLS 🙂
I was looking in MM myself, and I realized the invetory/listings evaporated overnight. Now, I am hopeful that the shadow inventory is about to kick into high gear and putting more pressure on prices. I guess at this point I don’t even have an issue with the prices, I just don’t have a decent pool of inventory to choose from.
Per Jim’s remarkable report……MM is expecting a huge increase in REO…..coming near your favorite site/MLS 🙂
I was looking in MM myself, and I realized the invetory/listings evaporated overnight. Now, I am hopeful that the shadow inventory is about to kick into high gear and putting more pressure on prices. I guess at this point I don’t even have an issue with the prices, I just don’t have a decent pool of inventory to choose from.
Per Jim’s remarkable report……MM is expecting a huge increase in REO…..coming near your favorite site/MLS 🙂
