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CAwireman.
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June 23, 2007 at 8:01 PM #61654June 23, 2007 at 8:01 PM #61693
PD
ParticipantArtifact, thanks for plugging the info into the graphs!
sdr, keep the info coming. Your information and artifact’s graphs may show up again on Piggingtons in 2019 when Rich writes another bubble primer.
It is totally cool that you shared your WSJ with WB!
June 27, 2007 at 1:33 PM #62528sdrealtor
ParticipantQuick update on NC Coastal from my last report on it 3 weeks ago. Active listings(527 from 492) and pendings (147 from 151). Most of this increase came the week after my last update and it has been the same for the next 2 weeks. Last year the active inventory increased by 57 homes over this period as compared to 35 this year. Still not alot of new inventory hitting the market. There has been a typical increase in the inventory as schools let out but certainly no running for the exits.
It is still very tough to find a decent 4BR home at least 2400 sq ft under 900K in the better shool districts. There are a few more choices close to 900K but only one near 850K and that house just fell out of escrow after selling in a week. Should be gone within another 7 days.
June 27, 2007 at 1:33 PM #62576ParticipantQuick update on NC Coastal from my last report on it 3 weeks ago. Active listings(527 from 492) and pendings (147 from 151). Most of this increase came the week after my last update and it has been the same for the next 2 weeks. Last year the active inventory increased by 57 homes over this period as compared to 35 this year. Still not alot of new inventory hitting the market. There has been a typical increase in the inventory as schools let out but certainly no running for the exits.
It is still very tough to find a decent 4BR home at least 2400 sq ft under 900K in the better shool districts. There are a few more choices close to 900K but only one near 850K and that house just fell out of escrow after selling in a week. Should be gone within another 7 days.
June 28, 2007 at 9:42 AM #62699Artifact
ParticipantFigures….
[img_assist|nid=3796|title= Total Listings and Short Sales|desc=|link=node|align=left|width=466|height=317]
[img_assist|nid=3797|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=317]June 28, 2007 at 9:42 AM #62748ParticipantFigures….
[img_assist|nid=3796|title= Total Listings and Short Sales|desc=|link=node|align=left|width=466|height=317]
[img_assist|nid=3797|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=317]June 28, 2007 at 9:56 AM #62717ParticipantDo I see an inflection point on the short sale plot?
We’ll see….
June 28, 2007 at 9:56 AM #62765ParticipantDo I see an inflection point on the short sale plot?
We’ll see….
July 2, 2007 at 1:00 PM #62524ParticipantUpdate time!
Short sales 2,749,up from 2,601 last week! Increases seemed to step up a little last week.
Countywide we are at 18,393 up from 18,112 last week.
The NC Coastal submarket is hanging tough. The detached inventory is about 25% lower than last year while the attached inventory is about 35% lower than last year. Pendings are more or less where they were last year. ALl this continues to point toward a slow decline along the coast.
July 2, 2007 at 1:00 PM #62572ParticipantUpdate time!
Short sales 2,749,up from 2,601 last week! Increases seemed to step up a little last week.
Countywide we are at 18,393 up from 18,112 last week.
The NC Coastal submarket is hanging tough. The detached inventory is about 25% lower than last year while the attached inventory is about 35% lower than last year. Pendings are more or less where they were last year. ALl this continues to point toward a slow decline along the coast.
July 2, 2007 at 1:13 PM #63361ParticipantUpdate time!
Short sales 2,825 up from 2,749 last week! Back to modest increases this week.
Countywide we are at 18,456 up from 18,393 last week.
The NC Coastal submarket is hanging tough. Actives and pendings for both detached and attached homes stayed virtually the same this week.
July 2, 2007 at 1:13 PM #63414ParticipantUpdate time!
Short sales 2,825 up from 2,749 last week! Back to modest increases this week.
Countywide we are at 18,456 up from 18,393 last week.
The NC Coastal submarket is hanging tough. Actives and pendings for both detached and attached homes stayed virtually the same this week.
July 2, 2007 at 1:17 PM #63367ParticipantFigures…The inflection from last week must have just been a random point. Overall the steady increase in the percent short sales of total (green line in the second figure) has remained amazingly linear. Every week the short sales increase more (in percent) than total listings.
[img_assist|nid=3820|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=280]
[img_assist|nid=3821|title= Percent change and percent short of total|desc=|link=node|align=left|width=466|height=301]July 2, 2007 at 1:17 PM #63420ParticipantFigures…The inflection from last week must have just been a random point. Overall the steady increase in the percent short sales of total (green line in the second figure) has remained amazingly linear. Every week the short sales increase more (in percent) than total listings.
[img_assist|nid=3820|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=280]
[img_assist|nid=3821|title= Percent change and percent short of total|desc=|link=node|align=left|width=466|height=301]July 2, 2007 at 2:43 PM #63391GoUSC
ParticipantThanks for posting this information Artifact! I am one of those sitting on the sideline and its good to see things are still going towards the negative so that hopefully we will start seeing some meaningful price corrections.
Mark
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