[schizo2buyORnot]

Its called a “ghost town.” http://en.wikipedia.org/wiki/Ghost_town

[schizo2buyORnot]

Its called a “ghost town.” http://en.wikipedia.org/wiki/Ghost_town

[schizo2buyORnot]

Its called a “ghost town.” http://en.wikipedia.org/wiki/Ghost_town

[schizo2buyORnot]

Its called a “ghost town.” http://en.wikipedia.org/wiki/Ghost_town

[schizo2buyORnot]

Its called a “ghost town.” http://en.wikipedia.org/wiki/Ghost_town

[schizo2buyORnot]

[quote=DWCAP]Any reason you chose those timeframes?

[/quote]

2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.

[schizo2buyORnot]

[quote=DWCAP]Any reason you chose those timeframes?

[/quote]

2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.

[schizo2buyORnot]

[quote=DWCAP]Any reason you chose those timeframes?

[/quote]

2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.

[schizo2buyORnot]

[quote=DWCAP]Any reason you chose those timeframes?

[/quote]

2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.

[schizo2buyORnot]

[quote=DWCAP]Any reason you chose those timeframes?

[/quote]

2 reasons. First, that is as far back as the data goes in the link I provided. I don’t have the time to do original research on YOY inventory back farther than 4 years. Sheesh. Second, with the bubble peaking in late 2005, the years 2006 to present are very relevant in terms of what the market, post bubble burst is doing. There is no “manipulation” of data. Its straight facts from listings of RE for sale. Also no matter how you slice it, the difference between LV and SD in terms of inventory builds/draw down is stark. SD inventories have decreased dramatically in the past year. While not marking a bottom, one pre-curser of a bottom will be shrinking inventories, which we clearly now have. Its not enough, there are of course other factors (interest rates, employment, etc.) but a bottom will be preceded by steadily and substantial decreases in the inventory of homes for sale. Its just facts for PIGGs to kick about.

[schizo2buyORnot]

Rich, point taken on asking vis selling per the chart. However, asking is a leading indicater albeit a somewhat indefinite one. However that is the nature of a leading indicator versus a lagging indicator which is exact. Interpreting a leading indicator is always akin to a form of “tea leaf reading.” But it behooves an investor to look forward not dwell on the past.

The sold data in the overlaid chart you posted is dated information. The arms length decision beween a willing buyer and willing seller to buy/sell reflected by the sales figures depicted in the chart occurred weeks or even months ago. The asking information reflects the mentality of sellers today. That combined with a plummeting inventory says much.

Its undeniable that inventories are at levels not seen for years, a bullish inidcator for housing.

Inventory
May 2009 11,941
May 2008 18,557
May 2007 18,505
May 2006 18,060

[schizo2buyORnot]

Rich, point taken on asking vis selling per the chart. However, asking is a leading indicater albeit a somewhat indefinite one. However that is the nature of a leading indicator versus a lagging indicator which is exact. Interpreting a leading indicator is always akin to a form of “tea leaf reading.” But it behooves an investor to look forward not dwell on the past.

The sold data in the overlaid chart you posted is dated information. The arms length decision beween a willing buyer and willing seller to buy/sell reflected by the sales figures depicted in the chart occurred weeks or even months ago. The asking information reflects the mentality of sellers today. That combined with a plummeting inventory says much.

Its undeniable that inventories are at levels not seen for years, a bullish inidcator for housing.

Inventory
May 2009 11,941
May 2008 18,557
May 2007 18,505
May 2006 18,060

[schizo2buyORnot]

Rich, point taken on asking vis selling per the chart. However, asking is a leading indicater albeit a somewhat indefinite one. However that is the nature of a leading indicator versus a lagging indicator which is exact. Interpreting a leading indicator is always akin to a form of “tea leaf reading.” But it behooves an investor to look forward not dwell on the past.

The sold data in the overlaid chart you posted is dated information. The arms length decision beween a willing buyer and willing seller to buy/sell reflected by the sales figures depicted in the chart occurred weeks or even months ago. The asking information reflects the mentality of sellers today. That combined with a plummeting inventory says much.

Its undeniable that inventories are at levels not seen for years, a bullish inidcator for housing.

Inventory
May 2009 11,941
May 2008 18,557
May 2007 18,505
May 2006 18,060

[schizo2buyORnot]

Rich, point taken on asking vis selling per the chart. However, asking is a leading indicater albeit a somewhat indefinite one. However that is the nature of a leading indicator versus a lagging indicator which is exact. Interpreting a leading indicator is always akin to a form of “tea leaf reading.” But it behooves an investor to look forward not dwell on the past.

The sold data in the overlaid chart you posted is dated information. The arms length decision beween a willing buyer and willing seller to buy/sell reflected by the sales figures depicted in the chart occurred weeks or even months ago. The asking information reflects the mentality of sellers today. That combined with a plummeting inventory says much.

Its undeniable that inventories are at levels not seen for years, a bullish inidcator for housing.

Inventory
May 2009 11,941
May 2008 18,557
May 2007 18,505
May 2006 18,060

[schizo2buyORnot]

Rich, point taken on asking vis selling per the chart. However, asking is a leading indicater albeit a somewhat indefinite one. However that is the nature of a leading indicator versus a lagging indicator which is exact. Interpreting a leading indicator is always akin to a form of “tea leaf reading.” But it behooves an investor to look forward not dwell on the past.

The sold data in the overlaid chart you posted is dated information. The arms length decision beween a willing buyer and willing seller to buy/sell reflected by the sales figures depicted in the chart occurred weeks or even months ago. The asking information reflects the mentality of sellers today. That combined with a plummeting inventory says much.

Its undeniable that inventories are at levels not seen for years, a bullish inidcator for housing.

Inventory
May 2009 11,941
May 2008 18,557
May 2007 18,505
May 2006 18,060

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