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16 years ago

Charts like this truly
Charts like this truly highlight Rich’s skill in not only analyzing the market but in displaying information that allows others to see the market with the same clarity he does.

Really, this is a brilliant, brilliant way to look at the data. Compare yourself to the average person who only gets to hear from “analysts” and UT “experts” who do little more than look at a median price plot, and you should feel privleged to have the opportunity to see this chart.

Give me this 1 chart over 1,000 powayseller posts anyday.

I don’t believe the word “awful-er” is supposed to be hyphenated.

16 years ago

First, I love the


First, I love the site. I come here daily to look for new updates and when I talk to skeptics of the housing bubble, I always try to send them to this site. I believe you provide fact based, unbiased data and feedback and I thank you for that.

I was hoping you could verify that I understand what this data means? I believe it means for every one Notice of trustee sale (NOT) there are 3.6 regular home sales. This is opposed to the previous year’s numbers of 21.3 homes sold per one NOT.

These numbers do not state whether the number of NOT’s increased (Denominator) or the number of home sales decreased (numerator), so it is hard to tell exactly what the cause is for this change in ratio. Just guessing, but, based on what I’ve read here and elsewhere, it was probably a combination of the two.

Now, to the point. I think the key element behind this data is that the amount of forced to sell inventory is going up which you have stated will be the key driving force for a market decline. Banks have no desire to carry housing inventory and as such will sell to the highest bidder, even if it means a loss.

Is this correct? Did I leave anything out?

Thanks for your time,

16 years ago
Reply to  pka4lif

Thanks everyone for such
Thanks everyone for such kind responses.

David, both your guesses are correct. This is meant as a companion piece to the prior article:

…which shows how much nods/nots have risen. Some background on the importance of these numbers can be found here:

Other Dave, I don’t think awfuler (or awful-er) is a word at all… 🙂

Reply to  admin

I don’t think awfuler (or
I don’t think awfuler (or awful-er) is a word at all…

Maybe not…. yet. But by the end of the year the way things are going, it might be a nominee for inclusion in the Webster Dictionary.

SD Realtor
16 years ago

Rich this is a very good
Rich this is a very good interpretation of the market. I dare say however, that if you charted the same information by zip codes, you would see a wide disparity due to the financing vehicles used. I am not saying that higher ends are not affected at all. I am saying however that in my opinion the distressed sales to sales statistic you created will vary in potentially a drastic manner by zip.

SD Realtor

16 years ago
Reply to  admin

I can’t tell you how upset I
I can’t tell you how upset I am that that you think I think ‘awfuler’ is a word.