Monday, August 07, 2006

Sacramento Area Price Level Inventory For August 5, 2006

1 comment :

Anonymous said...

Max, it looks like the Placer County Flippers are still leading the pack of the four county Flippers-in-Trouble (aka FITs). Your graph shows 23% of all Flippers are upside down, given their listed prices. I will tell you there are a great many more that do not show up on your stats. Some now realize they can not recover by selling and have decided to rent, suffering a large negative cash flow. Others have not yet adjusted their listing prices to reflect reality, so they don't even know they are "FIT" to be tied. I predict these FIT stats will run above 50% of all Flippers in Placer County by December 2006.