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CricketOnTheHearth.
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October 1, 2009 at 9:08 AM #463364October 1, 2009 at 9:58 AM #462564
sdrealtor
ParticipantAll are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.).
The worst has come and gone already. The best is a distant dream but your nightmare predictions did not come to pass nor will they. Take it like a man.
October 1, 2009 at 9:58 AM #462757ParticipantAll are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.).
The worst has come and gone already. The best is a distant dream but your nightmare predictions did not come to pass nor will they. Take it like a man.
October 1, 2009 at 9:58 AM #463102ParticipantAll are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.).
The worst has come and gone already. The best is a distant dream but your nightmare predictions did not come to pass nor will they. Take it like a man.
October 1, 2009 at 9:58 AM #463174ParticipantAll are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.).
The worst has come and gone already. The best is a distant dream but your nightmare predictions did not come to pass nor will they. Take it like a man.
October 1, 2009 at 9:58 AM #463378ParticipantAll are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.).
The worst has come and gone already. The best is a distant dream but your nightmare predictions did not come to pass nor will they. Take it like a man.
October 1, 2009 at 10:01 AM #462569Rt.66
ParticipantI guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.
October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.This part is interesting even to the ignorant:)
Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.
October 1, 2009 at 10:01 AM #462762ParticipantI guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.
October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.This part is interesting even to the ignorant:)
Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.
October 1, 2009 at 10:01 AM #463107ParticipantI guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.
October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.This part is interesting even to the ignorant:)
Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.
October 1, 2009 at 10:01 AM #463179ParticipantI guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.
October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.This part is interesting even to the ignorant:)
Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.
October 1, 2009 at 10:01 AM #463383ParticipantI guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.
October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.This part is interesting even to the ignorant:)
Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.
October 1, 2009 at 10:14 AM #462574jpinpb
ParticipantI have to agree w/Rt.66 as far as what becomes of shadow inventory.
There is no denying the shadow/stealth inventory is out there. The only question that remains is what will become of it all, how it will get absorbed.
I never said they will all go to foreclosure BUT I did say that a low percentage will be modified. This is from what I’m seeing and also from what I’m reading and from NODs being kicked down the road to get new NODs and foreclosure dates and also from what Kelly wrote at VOSD.
A much higher percentage will short sell and of course it will be and has been for considerably less than peak price. Already a low percentage of sales are organic and the comps are much lower than peak.
October 1, 2009 at 10:14 AM #462767ParticipantI have to agree w/Rt.66 as far as what becomes of shadow inventory.
There is no denying the shadow/stealth inventory is out there. The only question that remains is what will become of it all, how it will get absorbed.
I never said they will all go to foreclosure BUT I did say that a low percentage will be modified. This is from what I’m seeing and also from what I’m reading and from NODs being kicked down the road to get new NODs and foreclosure dates and also from what Kelly wrote at VOSD.
A much higher percentage will short sell and of course it will be and has been for considerably less than peak price. Already a low percentage of sales are organic and the comps are much lower than peak.
October 1, 2009 at 10:14 AM #463112ParticipantI have to agree w/Rt.66 as far as what becomes of shadow inventory.
There is no denying the shadow/stealth inventory is out there. The only question that remains is what will become of it all, how it will get absorbed.
I never said they will all go to foreclosure BUT I did say that a low percentage will be modified. This is from what I’m seeing and also from what I’m reading and from NODs being kicked down the road to get new NODs and foreclosure dates and also from what Kelly wrote at VOSD.
A much higher percentage will short sell and of course it will be and has been for considerably less than peak price. Already a low percentage of sales are organic and the comps are much lower than peak.
October 1, 2009 at 10:14 AM #463184ParticipantI have to agree w/Rt.66 as far as what becomes of shadow inventory.
There is no denying the shadow/stealth inventory is out there. The only question that remains is what will become of it all, how it will get absorbed.
I never said they will all go to foreclosure BUT I did say that a low percentage will be modified. This is from what I’m seeing and also from what I’m reading and from NODs being kicked down the road to get new NODs and foreclosure dates and also from what Kelly wrote at VOSD.
A much higher percentage will short sell and of course it will be and has been for considerably less than peak price. Already a low percentage of sales are organic and the comps are much lower than peak.
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