Trustee deeds for January

[Fearful]

How blase we have all become.

3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.

And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.

I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[HereWeGo]

Right, the Dec numbers weren’t restated, but there was some suspicion that there should be an averaging between the high Dec numbers and the low Nov numbers. Geez, it seems it’s been forever since the Dec numbers were released.

[HereWeGo]

Right, the Dec numbers weren’t restated, but there was some suspicion that there should be an averaging between the high Dec numbers and the low Nov numbers. Geez, it seems it’s been forever since the Dec numbers were released.

[HereWeGo]

Right, the Dec numbers weren’t restated, but there was some suspicion that there should be an averaging between the high Dec numbers and the low Nov numbers. Geez, it seems it’s been forever since the Dec numbers were released.

[HereWeGo]

Right, the Dec numbers weren’t restated, but there was some suspicion that there should be an averaging between the high Dec numbers and the low Nov numbers. Geez, it seems it’s been forever since the Dec numbers were released.

[HereWeGo]

Right, the Dec numbers weren’t restated, but there was some suspicion that there should be an averaging between the high Dec numbers and the low Nov numbers. Geez, it seems it’s been forever since the Dec numbers were released.

[gdcox]

Rich,

So the MLS data only need to be corrected by adding REOs though auctions?? (still learning the terminology!)

Graham

[gdcox]

Rich,

So the MLS data only need to be corrected by adding REOs though auctions?? (still learning the terminology!)

Graham

[gdcox]

Rich,

So the MLS data only need to be corrected by adding REOs though auctions?? (still learning the terminology!)

Graham

[gdcox]

Rich,

So the MLS data only need to be corrected by adding REOs though auctions?? (still learning the terminology!)

Graham

[Author]

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