Sacramento Regional Real Estate Trends for June 6, 2009
(Haven't had time to recode the last of the stats graphs, so you guys will have to suffer for another week.)
Things remain in a steady-state in the market, with inventory unchanged, and most stress indicators flat. There is no sign of any REO flood; in fact I've heard rumors that bank repo brokers have begun laying off staff due to the lack of activity.
Four County Inventory Levels
Inventory on 2009-06-06: 11062
Asking Price Levels
Price Inventory Levels
Asking Price Distribution
Troubled Inventory Levels
Flipper Market Share
Sellers In Trouble Market Share
Sellers In Trouble Days Since Last Sale
4 comments :
"in fact I've heard rumors that bank repo brokers have begun laying off staff due to the lack of activity."
Talk about frustrating. Werent you just last week saying you heard a rumor that the flood was going to start?
I have resigned myself to the fact that no flood is coming - weve been speculating about it for years and it still isnt here. This "flood" meme will go down as one of the most frustrating aspects of the bubble.
Yeah, pretty crazy, eh? With interest rates going up, any "shadow inventory" will be losing value even faster.
Foreclosures are still at or near record levels across the nation. I have a hard time believing REO brokers would be laying off.
As for the shadowy wave, I decided the same thing a while ago - I'll believe it when I see it.
I got kind of a chuckle reading Anon 12:54's post and wondering if a similar comment might have been made had their been blogs in Noah's day.
But the skepticism is valid.
Post a Comment