The Short Sale Monitor

[Artifact]

Figures – the larger increase in short sales is apparent, as is the increase as opposed to decrease in listings. Any hypotheses as to what is going on? Picking back up after things were slow from the fires? One thing that is interestng to me is that despite the ever increasing number of REO’s we are still seeing an increase in short sales – I would think that some of the short sales are converting to REO – so the increase in short sales maybe is happenning at a faster pace than we see in this data? That is just speculation of course, but watching the market change on a weekly basis leaves lots of time for that.

[img_assist|nid=5465|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=289]
[img_assist|nid=5466|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=289]

[Artifact]

Figures – the larger increase in short sales is apparent, as is the increase as opposed to decrease in listings. Any hypotheses as to what is going on? Picking back up after things were slow from the fires? One thing that is interestng to me is that despite the ever increasing number of REO’s we are still seeing an increase in short sales – I would think that some of the short sales are converting to REO – so the increase in short sales maybe is happenning at a faster pace than we see in this data? That is just speculation of course, but watching the market change on a weekly basis leaves lots of time for that.

[img_assist|nid=5465|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=289]
[img_assist|nid=5466|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=289]

[Artifact]

Figures – the larger increase in short sales is apparent, as is the increase as opposed to decrease in listings. Any hypotheses as to what is going on? Picking back up after things were slow from the fires? One thing that is interestng to me is that despite the ever increasing number of REO’s we are still seeing an increase in short sales – I would think that some of the short sales are converting to REO – so the increase in short sales maybe is happenning at a faster pace than we see in this data? That is just speculation of course, but watching the market change on a weekly basis leaves lots of time for that.

[img_assist|nid=5465|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=289]
[img_assist|nid=5466|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=289]

[Artifact]

Figures – the larger increase in short sales is apparent, as is the increase as opposed to decrease in listings. Any hypotheses as to what is going on? Picking back up after things were slow from the fires? One thing that is interestng to me is that despite the ever increasing number of REO’s we are still seeing an increase in short sales – I would think that some of the short sales are converting to REO – so the increase in short sales maybe is happenning at a faster pace than we see in this data? That is just speculation of course, but watching the market change on a weekly basis leaves lots of time for that.

[img_assist|nid=5465|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=289]
[img_assist|nid=5466|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=289]

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[stansd]

Dr. housing bubble posted the below in his recent post:

Heart of Foreclosure Darkness: Every County in Southern California is now Negative Year over Year.

County Percent Short Sale to Overall County Inventory
Los Angeles 5.59%
Orange County 2.80%
San Diego 8.78%
Riverside 11.19%
Ventura 3.41%
San Bernardino 6.54%

Anyone know why these percentages are so much lower than those on the short sale monitor? I know it’s only a directional trend, but I’ve been thinking SD was much higher than 9%…if not, changes my views a bit.

Stan

[sdrealtor]

Stan
Read the thread from the beginning. The short sale count was never intended to be the number of short sales but rather the number of times the phrase “short sale” appears in the MLS. I dont know how Dr HB gets his numbers but it is just about impossible to calculate a real %age. The sole purpose of this thread was to track the growth of distress in the market placed based upon the assumption that in most cases the incidence of the words “short sale” in a lsiting indicates some level of distress.

sdr

[Author]

Posts