The Ongoing Case-Shiller Fallacy/Shadow Inventory

[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[temeculaguy]

This caused me to do a little research using redfins short sale breakout feature, In my zip code shorts are now 2/3 of the listings, then i ran san marcos 92069, 3/4 of the market, vista 92083, 2/3 of the market. I stopped there, I guess i could have gone on but I don’t know all that many zip codes by heart and redfin doesn’t allow me to run a search of a larger area, once you hit 500 listings it doesn’t give you the numbers. But in some areas, probably many areas, shorts are the market and most shorts are in some form of distress and by their very nature they are underwater.

If video killed the radio star, will short sales kill the shadow inventory? Maybe I should e-mail the buggles with my idea for their next song.

[Arraya]

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25
The housing crash is about to come back with a vengeance, as 7 million new foreclosure properties are about to hit the market, analysts at Amherst Securities Group LP said this week.

[Arraya]

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25
The housing crash is about to come back with a vengeance, as 7 million new foreclosure properties are about to hit the market, analysts at Amherst Securities Group LP said this week.

[Arraya]

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25
The housing crash is about to come back with a vengeance, as 7 million new foreclosure properties are about to hit the market, analysts at Amherst Securities Group LP said this week.

[Arraya]

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25
The housing crash is about to come back with a vengeance, as 7 million new foreclosure properties are about to hit the market, analysts at Amherst Securities Group LP said this week.

[Arraya]

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25
The housing crash is about to come back with a vengeance, as 7 million new foreclosure properties are about to hit the market, analysts at Amherst Securities Group LP said this week.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[temeculaguy]

It’s the same article rehashed by a different reporter, nice headline, but I want the date.

The first guy they interviewed said this

“There’s going to be a flood [of bank-owned homes] listed for sale at some point,”

Great!!! And at some point I will die, someone will win the lottery, someone gets to sleep with beyonce. That does nothing for me, I want to know who and when, if it’s me, then I can use that info.

At least the B of A person they interviewed said this “We are going to see a spike from now to the end of the year in foreclosures as we take people out of the running”

That person didn’t say 7 million, they said spike, but at least they gave me a when, On December 31st, I’ll reset this thread, if it doesn’t happen by then, it’s bigfoot.

Still no info on where they got the 7 million number, I can’t dispute it or believe it because none of these article say where it comes from or how it was determined.

The quoted experts from both articles is a 15 year old company that sells mortgage backed securities.

http://www.amherstsecurities.com/index.html

I could not find anything on their website regarding how they gathered the info for the obvious press release that they sent out. Since when is an mbs dealer the new authority to debunk case and schiller, something stinks in denmark.

[Author]

Posts