[nostradamus]

Alan Keyes? Zoiks! He’s one scary dude! If he weren’t black I would suspect him to be KKK. He wants to:

Ban sex education
Ban gay marriage
Ban stem cell research
Ban the teaching of evolution
Ban abortion
Ban pornography

I suspect that last ban is why the GOP doesn’t want him… 😛

[nostradamus]

Alan Keyes? Zoiks! He’s one scary dude! If he weren’t black I would suspect him to be KKK. He wants to:

Ban sex education
Ban gay marriage
Ban stem cell research
Ban the teaching of evolution
Ban abortion
Ban pornography

I suspect that last ban is why the GOP doesn’t want him… 😛

[nostradamus]

Submitted by Rustico on January 7, 2008 – 3:52pm.

One possibility for the vacancies and a contributing factor to "phantom" inventory theories could be that the foreclosure process is taking longer than it has to.

That said, when the slow-moving foreclosure train hits the ever-falling sales train one might expect to see some really juicy price reductions (not stating anything new here).

Aside from data snooping, can one of the bank insiders (Davej or Bugs?) get us some info? Are lenders really holding inventory?

Another question is, are banks hesitating to foreclose? The best thing for them is to keep the borrower trapped in the sinking house. If I were the bank right now I'd hold off foreclosing as long as possible to see what other tax funded government bailouts come down the pipeline. If Barrack or Hilary get elected I'd imagine the banks will be expecting major bailout action.

[nostradamus]

Submitted by Rustico on January 7, 2008 – 3:52pm.

One possibility for the vacancies and a contributing factor to "phantom" inventory theories could be that the foreclosure process is taking longer than it has to.

That said, when the slow-moving foreclosure train hits the ever-falling sales train one might expect to see some really juicy price reductions (not stating anything new here).

Aside from data snooping, can one of the bank insiders (Davej or Bugs?) get us some info? Are lenders really holding inventory?

Another question is, are banks hesitating to foreclose? The best thing for them is to keep the borrower trapped in the sinking house. If I were the bank right now I'd hold off foreclosing as long as possible to see what other tax funded government bailouts come down the pipeline. If Barrack or Hilary get elected I'd imagine the banks will be expecting major bailout action.

[nostradamus]

Submitted by Rustico on January 7, 2008 – 3:52pm.

One possibility for the vacancies and a contributing factor to "phantom" inventory theories could be that the foreclosure process is taking longer than it has to.

That said, when the slow-moving foreclosure train hits the ever-falling sales train one might expect to see some really juicy price reductions (not stating anything new here).

Aside from data snooping, can one of the bank insiders (Davej or Bugs?) get us some info? Are lenders really holding inventory?

Another question is, are banks hesitating to foreclose? The best thing for them is to keep the borrower trapped in the sinking house. If I were the bank right now I'd hold off foreclosing as long as possible to see what other tax funded government bailouts come down the pipeline. If Barrack or Hilary get elected I'd imagine the banks will be expecting major bailout action.

[nostradamus]

Submitted by Rustico on January 7, 2008 – 3:52pm.

One possibility for the vacancies and a contributing factor to "phantom" inventory theories could be that the foreclosure process is taking longer than it has to.

That said, when the slow-moving foreclosure train hits the ever-falling sales train one might expect to see some really juicy price reductions (not stating anything new here).

Aside from data snooping, can one of the bank insiders (Davej or Bugs?) get us some info? Are lenders really holding inventory?

Another question is, are banks hesitating to foreclose? The best thing for them is to keep the borrower trapped in the sinking house. If I were the bank right now I'd hold off foreclosing as long as possible to see what other tax funded government bailouts come down the pipeline. If Barrack or Hilary get elected I'd imagine the banks will be expecting major bailout action.

[nostradamus]

Submitted by Rustico on January 7, 2008 – 3:52pm.

One possibility for the vacancies and a contributing factor to "phantom" inventory theories could be that the foreclosure process is taking longer than it has to.

That said, when the slow-moving foreclosure train hits the ever-falling sales train one might expect to see some really juicy price reductions (not stating anything new here).

Aside from data snooping, can one of the bank insiders (Davej or Bugs?) get us some info? Are lenders really holding inventory?

Another question is, are banks hesitating to foreclose? The best thing for them is to keep the borrower trapped in the sinking house. If I were the bank right now I'd hold off foreclosing as long as possible to see what other tax funded government bailouts come down the pipeline. If Barrack or Hilary get elected I'd imagine the banks will be expecting major bailout action.

[nostradamus]

While there is no clear-cut answer to the question of bank-owned RE held off the market, there are plenty of reasons to believe that we have only seen a fraction of available inventory for sale. Who is holding this inventory and why?

Builders holding inventory (previously posted here) WSJ Article

The Bloomberg article (posted earlier on this thread) states that banks are holding onto inventory. You can contact that reporter at [email protected] maybe he'll explain how he reached that conclusion. His stated source is:

US Census Bureau http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab4.html As you can see from that table (which gives the break-down HereWeGo wanted), 17.89 million homes sit vacant. Of those, 2 million are for sale. Whether the bank owns them or not, I find it unsettling.

Here is all the US Census info on housing for Q3 '07. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307ind.html

One interesting table is this, which shows that the vacancy rate is the highest since 1960. Between 2004 and 2007 the vacancy rate jumped 50%. Gee, what else happened between 2004 and 2007? SOMEBODY is holding those empty homes. Builders? Banks? Individuals? Who knows. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab1.html

[nostradamus]

While there is no clear-cut answer to the question of bank-owned RE held off the market, there are plenty of reasons to believe that we have only seen a fraction of available inventory for sale. Who is holding this inventory and why?

Builders holding inventory (previously posted here) WSJ Article

The Bloomberg article (posted earlier on this thread) states that banks are holding onto inventory. You can contact that reporter at [email protected] maybe he'll explain how he reached that conclusion. His stated source is:

US Census Bureau http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab4.html As you can see from that table (which gives the break-down HereWeGo wanted), 17.89 million homes sit vacant. Of those, 2 million are for sale. Whether the bank owns them or not, I find it unsettling.

Here is all the US Census info on housing for Q3 '07. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307ind.html

One interesting table is this, which shows that the vacancy rate is the highest since 1960. Between 2004 and 2007 the vacancy rate jumped 50%. Gee, what else happened between 2004 and 2007? SOMEBODY is holding those empty homes. Builders? Banks? Individuals? Who knows. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab1.html

[nostradamus]

While there is no clear-cut answer to the question of bank-owned RE held off the market, there are plenty of reasons to believe that we have only seen a fraction of available inventory for sale. Who is holding this inventory and why?

Builders holding inventory (previously posted here) WSJ Article

The Bloomberg article (posted earlier on this thread) states that banks are holding onto inventory. You can contact that reporter at [email protected] maybe he'll explain how he reached that conclusion. His stated source is:

US Census Bureau http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab4.html As you can see from that table (which gives the break-down HereWeGo wanted), 17.89 million homes sit vacant. Of those, 2 million are for sale. Whether the bank owns them or not, I find it unsettling.

Here is all the US Census info on housing for Q3 '07. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307ind.html

One interesting table is this, which shows that the vacancy rate is the highest since 1960. Between 2004 and 2007 the vacancy rate jumped 50%. Gee, what else happened between 2004 and 2007? SOMEBODY is holding those empty homes. Builders? Banks? Individuals? Who knows. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab1.html

[nostradamus]

While there is no clear-cut answer to the question of bank-owned RE held off the market, there are plenty of reasons to believe that we have only seen a fraction of available inventory for sale. Who is holding this inventory and why?

Builders holding inventory (previously posted here) WSJ Article

The Bloomberg article (posted earlier on this thread) states that banks are holding onto inventory. You can contact that reporter at [email protected] maybe he'll explain how he reached that conclusion. His stated source is:

US Census Bureau http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab4.html As you can see from that table (which gives the break-down HereWeGo wanted), 17.89 million homes sit vacant. Of those, 2 million are for sale. Whether the bank owns them or not, I find it unsettling.

Here is all the US Census info on housing for Q3 '07. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307ind.html

One interesting table is this, which shows that the vacancy rate is the highest since 1960. Between 2004 and 2007 the vacancy rate jumped 50%. Gee, what else happened between 2004 and 2007? SOMEBODY is holding those empty homes. Builders? Banks? Individuals? Who knows. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab1.html

[nostradamus]

While there is no clear-cut answer to the question of bank-owned RE held off the market, there are plenty of reasons to believe that we have only seen a fraction of available inventory for sale. Who is holding this inventory and why?

Builders holding inventory (previously posted here) WSJ Article

The Bloomberg article (posted earlier on this thread) states that banks are holding onto inventory. You can contact that reporter at [email protected] maybe he'll explain how he reached that conclusion. His stated source is:

US Census Bureau http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab4.html As you can see from that table (which gives the break-down HereWeGo wanted), 17.89 million homes sit vacant. Of those, 2 million are for sale. Whether the bank owns them or not, I find it unsettling.

Here is all the US Census info on housing for Q3 '07. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307ind.html

One interesting table is this, which shows that the vacancy rate is the highest since 1960. Between 2004 and 2007 the vacancy rate jumped 50%. Gee, what else happened between 2004 and 2007? SOMEBODY is holding those empty homes. Builders? Banks? Individuals? Who knows. http://www.census.gov/hhes/www/housing/hvs/qtr307/q307tab1.html

[nostradamus]

Well if what’s going on at Victoria’s Secret, Pier 1 Imports, and Macy’s is any indication it is a deflationary recession. Or it might just be the holiday sales season. 😉

[nostradamus]

Well if what’s going on at Victoria’s Secret, Pier 1 Imports, and Macy’s is any indication it is a deflationary recession. Or it might just be the holiday sales season. 😉

[nostradamus]

Well if what’s going on at Victoria’s Secret, Pier 1 Imports, and Macy’s is any indication it is a deflationary recession. Or it might just be the holiday sales season. 😉

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