Comments on: CA Housing Stats…The Real Story. 4.25 Years Supply?!? http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: GA Real Esate Man http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-2/#comment-11101 GA Real Esate Man Tue, 13 Jan 2009 19:19:05 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-11101 I understand I'm a little late to the conversation here, but here's an update on housing inventory from the Los Altos Reasearch: Across the 10-City Composite Index markets, inventory declined by 5.1% in November and 7.5% over the past three months. Inventory fell by the largest amounts in Boston, San Francisco and Seattle. "Inventory levels have continued to decline for many months and November was no exception," said Stephen Bedikian, partner and research director for Real IQ. "The real estate industry continues to work through the large inventory overhang but only very slowly." I don't know if you built these decreases into your analysis, but there seems to be slow soft occurring We've ( <a HREF="http://realestatespace.com" rel="nofollow">RealEstateSpace.com</A>) also seen the decrease in listings on our site as well. Its been slow and steady across the sunbelt, with December marking the 3rd straight month of inventory declines. I understand I’m a little late to the conversation here, but here’s an update on housing inventory from the Los Altos Reasearch:
Across the 10-City Composite Index markets, inventory declined by 5.1% in November and 7.5% over the past three months. Inventory fell by the largest amounts in Boston, San Francisco and Seattle. “Inventory levels have continued to decline for many months and November was no exception,” said Stephen Bedikian, partner and research director for Real IQ. “The real estate industry continues to work through the large inventory overhang but only very slowly.”

I don’t know if you built these decreases into your analysis, but there seems to be slow soft occurring We’ve ( RealEstateSpace.com) also seen the decrease in listings on our site as well. Its been slow and steady across the sunbelt, with December marking the 3rd straight month of inventory declines.

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: Engineering the Housing Bubble Through Monthly Payments http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-2/#comment-2118 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: Engineering the Housing Bubble Through Monthly Payments Mon, 30 Jun 2008 16:45:51 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-2118 [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...] [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage - May Existing Home Sales Preview http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-2/#comment-1892 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage - May Existing Home Sales Preview Wed, 25 Jun 2008 14:59:36 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1892 [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...] [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » It’s All Unravelling - Bond Insurers Beg Banks for $125 Billion “Forgiveness” http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1795 Mr. Mortgage’s Guide to the TRUTH! » It’s All Unravelling - Bond Insurers Beg Banks for $125 Billion “Forgiveness” Mon, 23 Jun 2008 04:56:54 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1795 [...] CA Housing Stats, the Real Story - 4.25-years Supply?!? [...] [...] CA Housing Stats, the Real Story – 4.25-years Supply?!? [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: May CA Home Sales Report - Housing Market Worsening http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1630 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: May CA Home Sales Report - Housing Market Worsening Thu, 19 Jun 2008 17:54:27 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1630 [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...] [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...]

]]> By: Housing June 04, 2008 : Harry Tran’s Daily 101 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1553 Housing June 04, 2008 : Harry Tran’s Daily 101 Wed, 18 Jun 2008 18:14:18 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1553 [...] Home Prices Are in Your Interest Villains in the Mortgage Mess? Start at Wall Street. Keep Going. CA Housing Stats…The Real Story. 4.25 Years Supply?!? House flipping now can draw hefty fines June 4, 2008 | Filed Under Housing Crunch [...] [...] Home Prices Are in Your Interest Villains in the Mortgage Mess? Start at Wall Street. Keep Going. CA Housing Stats…The Real Story. 4.25 Years Supply?!? House flipping now can draw hefty fines June 4, 2008 | Filed Under Housing Crunch [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: ‘Friend’s Of Angelo’ Didn’t Get Anything That Special http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1423 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: ‘Friend’s Of Angelo’ Didn’t Get Anything That Special Sat, 14 Jun 2008 03:42:08 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1423 [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...] [...] CA Housing Stats, The Real Story…4.25-years Supply?!? [...]

]]> By: Weekly News Round-Up | Redfin San Diego Sweet Digs http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1316 Weekly News Round-Up | Redfin San Diego Sweet Digs Wed, 11 Jun 2008 21:29:22 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1316 [...] about Las Vegas, what about Southern California, how about Florida? In a separate post he gives 8 reasons why the housing crisis in our fair state is probably worse than we think, which includes the high inventory, the “catastrophic” fall in median home price, and [...] [...] about Las Vegas, what about Southern California, how about Florida? In a separate post he gives 8 reasons why the housing crisis in our fair state is probably worse than we think, which includes the high inventory, the “catastrophic” fall in median home price, and [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage - RECORD-BREAKING MAY CA FORECLOSURE REPORT http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1294 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage - RECORD-BREAKING MAY CA FORECLOSURE REPORT Wed, 11 Jun 2008 16:00:33 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1294 [...] But, how can you truly judge sales and inventory numbers when the banks are taking back as many homes at auction as sell each month? Remember, the ‘months supply’ number is calculated using ‘listed’ inventory and a very small percentage of bank REO inventory is listed. The amount of ‘non-listed’ bank REO, shadow inventory, is staggering. I recently did a research report on this that showed over 4.25-years supply in CA. [...] [...] But, how can you truly judge sales and inventory numbers when the banks are taking back as many homes at auction as sell each month? Remember, the ‘months supply’ number is calculated using ‘listed’ inventory and a very small percentage of bank REO inventory is listed. The amount of ‘non-listed’ bank REO, shadow inventory, is staggering. I recently did a research report on this that showed over 4.25-years supply in CA. [...]

]]> By: Jack http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/comment-page-1/#comment-1206 Jack Sun, 08 Jun 2008 17:48:49 +0000 http://mrmortgage.ml-implode.com/2008/05/30/ca-housing-statsthe-real-story-425-years-supply/#comment-1206 Great work Mr Mortgage. With regard to California versus many other states, the law on deficiency judgements is critical. For example, in Colorado and Louisiana, one cannot simply walk away from his mortgage as in California, unless he has no other assets. A friend of mine in Louisiana had to give his bank 20K in 1998 to let him walk, otherwise they could have tapped his retirement fund. Great work Mr Mortgage. With regard to California versus many other states, the law on deficiency judgements is critical. For example, in Colorado and Louisiana, one cannot simply walk away from his mortgage as in California, unless he has no other assets. A friend of mine in Louisiana had to give his bank 20K in 1998 to let him walk, otherwise they could have tapped his retirement fund.

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