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CricketOnTheHearth.
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October 1, 2009 at 10:14 AM #463388October 1, 2009 at 10:35 AM #462579
Rt.66
Participant[quote=sdrealtor]
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.[/quote]“The worst has come and gone already” said the realtor. NAR pimp much?
To go along with the good Doctor’s article linked above, here is a look at SD:
RealtyTrac shows that “14696 properties match your search” for:
Preforclosures, Auction, Bank Owned and Homes for sale.Of these “Resale MLS” shows just 1605 properties.
14696 distressed properties versus 1605 on the MLS. Nope, no shadow inventory to worry about (says the realtor). Even those with Elton John sized Rose glasses can’t deny those figures. Before we get into the deny the reality with arguments claiming RealtyTrac is not accurate, keep in mind we could cut that 14696 figure in half it would still be awful and still prove the shadow theory, and that realtors always default to… its a great time to buy, the worst is behind us or some other BS.
My own experience with RealtyTrac is that they UNDER-report. I know of many homes that dropped of RT and remain empty and bank owned. 14696 distressed mortgages PLUS the shadow shadow of deadbeats the banks have not yet bothered to put on notice. This mess is far, far from over.
October 1, 2009 at 10:35 AM #462772Participant[quote=sdrealtor]
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.[/quote]“The worst has come and gone already” said the realtor. NAR pimp much?
To go along with the good Doctor’s article linked above, here is a look at SD:
RealtyTrac shows that “14696 properties match your search” for:
Preforclosures, Auction, Bank Owned and Homes for sale.Of these “Resale MLS” shows just 1605 properties.
14696 distressed properties versus 1605 on the MLS. Nope, no shadow inventory to worry about (says the realtor). Even those with Elton John sized Rose glasses can’t deny those figures. Before we get into the deny the reality with arguments claiming RealtyTrac is not accurate, keep in mind we could cut that 14696 figure in half it would still be awful and still prove the shadow theory, and that realtors always default to… its a great time to buy, the worst is behind us or some other BS.
My own experience with RealtyTrac is that they UNDER-report. I know of many homes that dropped of RT and remain empty and bank owned. 14696 distressed mortgages PLUS the shadow shadow of deadbeats the banks have not yet bothered to put on notice. This mess is far, far from over.
October 1, 2009 at 10:35 AM #463117Participant[quote=sdrealtor]
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.[/quote]“The worst has come and gone already” said the realtor. NAR pimp much?
To go along with the good Doctor’s article linked above, here is a look at SD:
RealtyTrac shows that “14696 properties match your search” for:
Preforclosures, Auction, Bank Owned and Homes for sale.Of these “Resale MLS” shows just 1605 properties.
14696 distressed properties versus 1605 on the MLS. Nope, no shadow inventory to worry about (says the realtor). Even those with Elton John sized Rose glasses can’t deny those figures. Before we get into the deny the reality with arguments claiming RealtyTrac is not accurate, keep in mind we could cut that 14696 figure in half it would still be awful and still prove the shadow theory, and that realtors always default to… its a great time to buy, the worst is behind us or some other BS.
My own experience with RealtyTrac is that they UNDER-report. I know of many homes that dropped of RT and remain empty and bank owned. 14696 distressed mortgages PLUS the shadow shadow of deadbeats the banks have not yet bothered to put on notice. This mess is far, far from over.
October 1, 2009 at 10:35 AM #463189Participant[quote=sdrealtor]
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.[/quote]“The worst has come and gone already” said the realtor. NAR pimp much?
To go along with the good Doctor’s article linked above, here is a look at SD:
RealtyTrac shows that “14696 properties match your search” for:
Preforclosures, Auction, Bank Owned and Homes for sale.Of these “Resale MLS” shows just 1605 properties.
14696 distressed properties versus 1605 on the MLS. Nope, no shadow inventory to worry about (says the realtor). Even those with Elton John sized Rose glasses can’t deny those figures. Before we get into the deny the reality with arguments claiming RealtyTrac is not accurate, keep in mind we could cut that 14696 figure in half it would still be awful and still prove the shadow theory, and that realtors always default to… its a great time to buy, the worst is behind us or some other BS.
My own experience with RealtyTrac is that they UNDER-report. I know of many homes that dropped of RT and remain empty and bank owned. 14696 distressed mortgages PLUS the shadow shadow of deadbeats the banks have not yet bothered to put on notice. This mess is far, far from over.
October 1, 2009 at 10:35 AM #463393Participant[quote=sdrealtor]
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.[/quote]“The worst has come and gone already” said the realtor. NAR pimp much?
To go along with the good Doctor’s article linked above, here is a look at SD:
RealtyTrac shows that “14696 properties match your search” for:
Preforclosures, Auction, Bank Owned and Homes for sale.Of these “Resale MLS” shows just 1605 properties.
14696 distressed properties versus 1605 on the MLS. Nope, no shadow inventory to worry about (says the realtor). Even those with Elton John sized Rose glasses can’t deny those figures. Before we get into the deny the reality with arguments claiming RealtyTrac is not accurate, keep in mind we could cut that 14696 figure in half it would still be awful and still prove the shadow theory, and that realtors always default to… its a great time to buy, the worst is behind us or some other BS.
My own experience with RealtyTrac is that they UNDER-report. I know of many homes that dropped of RT and remain empty and bank owned. 14696 distressed mortgages PLUS the shadow shadow of deadbeats the banks have not yet bothered to put on notice. This mess is far, far from over.
October 1, 2009 at 10:44 AM #462589scaredyclassic
ParticipantWho knows what evil lurks in the hearts of men? the Shadow knows.
although unknowable (except by the Sahdow), my gut tells me that it’s not quite over.
October 1, 2009 at 10:44 AM #462782ParticipantWho knows what evil lurks in the hearts of men? the Shadow knows.
although unknowable (except by the Sahdow), my gut tells me that it’s not quite over.
October 1, 2009 at 10:44 AM #463127ParticipantWho knows what evil lurks in the hearts of men? the Shadow knows.
although unknowable (except by the Sahdow), my gut tells me that it’s not quite over.
October 1, 2009 at 10:44 AM #463199ParticipantWho knows what evil lurks in the hearts of men? the Shadow knows.
although unknowable (except by the Sahdow), my gut tells me that it’s not quite over.
October 1, 2009 at 10:44 AM #463403ParticipantWho knows what evil lurks in the hearts of men? the Shadow knows.
although unknowable (except by the Sahdow), my gut tells me that it’s not quite over.
October 1, 2009 at 10:47 AM #462598Nor-LA-SD-guy
ParticipantIn my view this shadow inventory is at least part urban legend part truth,
The truth is that yes there are still a lot of homes that will sell under some sort of distress sale category and that will continue to depress the market some.
The other part is that Socal still needs more Single family homes, and any decent home at a decent price will get bought almost as soon as it hits the market in most of SD and TV anyway (maybe not some places like antelope Valley or whatever) and that will keep the market more or less level (or at least at about cost to produce) for a while yet.
But five or six years from now well you guess.
October 1, 2009 at 10:47 AM #462792ParticipantIn my view this shadow inventory is at least part urban legend part truth,
The truth is that yes there are still a lot of homes that will sell under some sort of distress sale category and that will continue to depress the market some.
The other part is that Socal still needs more Single family homes, and any decent home at a decent price will get bought almost as soon as it hits the market in most of SD and TV anyway (maybe not some places like antelope Valley or whatever) and that will keep the market more or less level (or at least at about cost to produce) for a while yet.
But five or six years from now well you guess.
October 1, 2009 at 10:47 AM #463137ParticipantIn my view this shadow inventory is at least part urban legend part truth,
The truth is that yes there are still a lot of homes that will sell under some sort of distress sale category and that will continue to depress the market some.
The other part is that Socal still needs more Single family homes, and any decent home at a decent price will get bought almost as soon as it hits the market in most of SD and TV anyway (maybe not some places like antelope Valley or whatever) and that will keep the market more or less level (or at least at about cost to produce) for a while yet.
But five or six years from now well you guess.
October 1, 2009 at 10:47 AM #463209ParticipantIn my view this shadow inventory is at least part urban legend part truth,
The truth is that yes there are still a lot of homes that will sell under some sort of distress sale category and that will continue to depress the market some.
The other part is that Socal still needs more Single family homes, and any decent home at a decent price will get bought almost as soon as it hits the market in most of SD and TV anyway (maybe not some places like antelope Valley or whatever) and that will keep the market more or less level (or at least at about cost to produce) for a while yet.
But five or six years from now well you guess.
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