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LA_Renter
ParticipantGood work OC.
“Despite having 9 NOD filings within a week in the 92127 zipcode, only two of these homes are on the MLS. This fits with what we are seeing with our foreclosure/pre-foreclosure tracking data as well as our inventory tracking data. In short, the distress is increasing, but the distressed owners are not listing.
Market psychology is a very important factor. Here we have 7 out of 9 distressed homeowners simply giving up and just letting the clock run its course, what does that say about the seller psychology? More impressively, of the 5 homes owned by REALTORS®, only 2 out of 5 are bothering with a listing. If even the cheerleaders are tossing away their pom poms, oh boy…”
So people are going to live free for a while then walk. The current psychology indicates it is utterly futile to list right now (why bother), so inventory is not giving a true snap shot of the distress. It makes you wonder if an area does see an uptick in activity then you will see these distressed properties go onto the MLS increasing supply and then ultimately depressing prices, rinse…repeat until the market eventually clears.
LA_Renter
ParticipantGood work OC.
“Despite having 9 NOD filings within a week in the 92127 zipcode, only two of these homes are on the MLS. This fits with what we are seeing with our foreclosure/pre-foreclosure tracking data as well as our inventory tracking data. In short, the distress is increasing, but the distressed owners are not listing.
Market psychology is a very important factor. Here we have 7 out of 9 distressed homeowners simply giving up and just letting the clock run its course, what does that say about the seller psychology? More impressively, of the 5 homes owned by REALTORS®, only 2 out of 5 are bothering with a listing. If even the cheerleaders are tossing away their pom poms, oh boy…”
So people are going to live free for a while then walk. The current psychology indicates it is utterly futile to list right now (why bother), so inventory is not giving a true snap shot of the distress. It makes you wonder if an area does see an uptick in activity then you will see these distressed properties go onto the MLS increasing supply and then ultimately depressing prices, rinse…repeat until the market eventually clears.
LA_Renter
ParticipantGood work OC.
“Despite having 9 NOD filings within a week in the 92127 zipcode, only two of these homes are on the MLS. This fits with what we are seeing with our foreclosure/pre-foreclosure tracking data as well as our inventory tracking data. In short, the distress is increasing, but the distressed owners are not listing.
Market psychology is a very important factor. Here we have 7 out of 9 distressed homeowners simply giving up and just letting the clock run its course, what does that say about the seller psychology? More impressively, of the 5 homes owned by REALTORS®, only 2 out of 5 are bothering with a listing. If even the cheerleaders are tossing away their pom poms, oh boy…”
So people are going to live free for a while then walk. The current psychology indicates it is utterly futile to list right now (why bother), so inventory is not giving a true snap shot of the distress. It makes you wonder if an area does see an uptick in activity then you will see these distressed properties go onto the MLS increasing supply and then ultimately depressing prices, rinse…repeat until the market eventually clears.
LA_Renter
ParticipantGood work OC.
“Despite having 9 NOD filings within a week in the 92127 zipcode, only two of these homes are on the MLS. This fits with what we are seeing with our foreclosure/pre-foreclosure tracking data as well as our inventory tracking data. In short, the distress is increasing, but the distressed owners are not listing.
Market psychology is a very important factor. Here we have 7 out of 9 distressed homeowners simply giving up and just letting the clock run its course, what does that say about the seller psychology? More impressively, of the 5 homes owned by REALTORS®, only 2 out of 5 are bothering with a listing. If even the cheerleaders are tossing away their pom poms, oh boy…”
So people are going to live free for a while then walk. The current psychology indicates it is utterly futile to list right now (why bother), so inventory is not giving a true snap shot of the distress. It makes you wonder if an area does see an uptick in activity then you will see these distressed properties go onto the MLS increasing supply and then ultimately depressing prices, rinse…repeat until the market eventually clears.
LA_Renter
ParticipantMcCain is actually ahead of both Clinton and Obama in most polls, gallup, rasmussen, etc. That is simply amazing if you look at the fundamentals of the electorate. Check out this graph on party affiliation
http://pewresearch.org/pubs/773/fewer-voters-identify-as-republicans
Those numbers are so bad for the Republicans that many conservative talking heads feel it could actually benefit McCain by balancing out what looks to be a blowout in the house and senate races. Still looking at that graph has most republican political operatives with a funny feeling in their stomachs. George Bush is leaving the GOP in shambles. Karl Rove was truly a political master especially pulling off the 2004 elections but what good does that type of politics do if you do not build a lasting majority. Totally short sided outlook if you ask me. Here is what I think, whoever wins this election will last 4 years tops. We are literally looking at a mess in every direction that you look.
LA_Renter
ParticipantMcCain is actually ahead of both Clinton and Obama in most polls, gallup, rasmussen, etc. That is simply amazing if you look at the fundamentals of the electorate. Check out this graph on party affiliation
http://pewresearch.org/pubs/773/fewer-voters-identify-as-republicans
Those numbers are so bad for the Republicans that many conservative talking heads feel it could actually benefit McCain by balancing out what looks to be a blowout in the house and senate races. Still looking at that graph has most republican political operatives with a funny feeling in their stomachs. George Bush is leaving the GOP in shambles. Karl Rove was truly a political master especially pulling off the 2004 elections but what good does that type of politics do if you do not build a lasting majority. Totally short sided outlook if you ask me. Here is what I think, whoever wins this election will last 4 years tops. We are literally looking at a mess in every direction that you look.
LA_Renter
ParticipantMcCain is actually ahead of both Clinton and Obama in most polls, gallup, rasmussen, etc. That is simply amazing if you look at the fundamentals of the electorate. Check out this graph on party affiliation
http://pewresearch.org/pubs/773/fewer-voters-identify-as-republicans
Those numbers are so bad for the Republicans that many conservative talking heads feel it could actually benefit McCain by balancing out what looks to be a blowout in the house and senate races. Still looking at that graph has most republican political operatives with a funny feeling in their stomachs. George Bush is leaving the GOP in shambles. Karl Rove was truly a political master especially pulling off the 2004 elections but what good does that type of politics do if you do not build a lasting majority. Totally short sided outlook if you ask me. Here is what I think, whoever wins this election will last 4 years tops. We are literally looking at a mess in every direction that you look.
LA_Renter
ParticipantMcCain is actually ahead of both Clinton and Obama in most polls, gallup, rasmussen, etc. That is simply amazing if you look at the fundamentals of the electorate. Check out this graph on party affiliation
http://pewresearch.org/pubs/773/fewer-voters-identify-as-republicans
Those numbers are so bad for the Republicans that many conservative talking heads feel it could actually benefit McCain by balancing out what looks to be a blowout in the house and senate races. Still looking at that graph has most republican political operatives with a funny feeling in their stomachs. George Bush is leaving the GOP in shambles. Karl Rove was truly a political master especially pulling off the 2004 elections but what good does that type of politics do if you do not build a lasting majority. Totally short sided outlook if you ask me. Here is what I think, whoever wins this election will last 4 years tops. We are literally looking at a mess in every direction that you look.
LA_Renter
ParticipantMcCain is actually ahead of both Clinton and Obama in most polls, gallup, rasmussen, etc. That is simply amazing if you look at the fundamentals of the electorate. Check out this graph on party affiliation
http://pewresearch.org/pubs/773/fewer-voters-identify-as-republicans
Those numbers are so bad for the Republicans that many conservative talking heads feel it could actually benefit McCain by balancing out what looks to be a blowout in the house and senate races. Still looking at that graph has most republican political operatives with a funny feeling in their stomachs. George Bush is leaving the GOP in shambles. Karl Rove was truly a political master especially pulling off the 2004 elections but what good does that type of politics do if you do not build a lasting majority. Totally short sided outlook if you ask me. Here is what I think, whoever wins this election will last 4 years tops. We are literally looking at a mess in every direction that you look.
March 26, 2008 at 10:24 AM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176438LA_Renter
ParticipantWell since this is a political thread I thought I would post this report confirming Hillary’s statements about Bosnia.
March 26, 2008 at 10:24 AM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176791LA_Renter
ParticipantWell since this is a political thread I thought I would post this report confirming Hillary’s statements about Bosnia.
March 26, 2008 at 10:24 AM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176794LA_Renter
ParticipantWell since this is a political thread I thought I would post this report confirming Hillary’s statements about Bosnia.
March 26, 2008 at 10:24 AM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176800LA_Renter
ParticipantWell since this is a political thread I thought I would post this report confirming Hillary’s statements about Bosnia.
March 26, 2008 at 10:24 AM in reply to: Vote for McCain to stop a massive bailout of the irresponsible! #176891LA_Renter
ParticipantWell since this is a political thread I thought I would post this report confirming Hillary’s statements about Bosnia.
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