tag:blogger.com,1999:blog-4622411633995176328.post1331602851974784928..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: Pulse Check: The Good, Bad and UglyBuying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4622411633995176328.post-60369766481311681652009-05-08T07:55:00.000-07:002009-05-08T07:55:00.000-07:00"I don't know about the inventory being low"
We h..."I don't know about the inventory being low"<br /><br />We have been hearing about the shadow inventory for some time. But since I have been tracking foreclosures and NODs, I haven't really noticed any type of build-up (except the period of time with bad data for Folsom, which led me to believe there was something to it).Buying Timehttps://www.blogger.com/profile/04651516505789196067noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-87366602636898887242009-05-07T23:39:00.000-07:002009-05-07T23:39:00.000-07:00I don't know about the inventory being low, banks ...I don't know about the inventory being low, banks have so much shadow inventory, what would the numbers look like if those were all for sale.<br /><br />Not even counting any of the moritoriums that held back some foreclosures which will now happen, but previous foreclosures are just sitting on the banks books.<br /><br />But I think the biggest problems are the job loss numbers. We might lose around 6M jobs this year, and that doesn't count furloughs, or people on commission that are still working but making a lot less. Prices will not find a true bottom until that trend turns for the better.Jacobhttps://www.blogger.com/profile/16215833990317515502noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-85962731032414573792009-05-07T14:12:00.000-07:002009-05-07T14:12:00.000-07:00Thanks Husmanen =)
Regarding stagnation....there ...Thanks Husmanen =)<br /><br />Regarding stagnation....there are soo many moving parts, it's hard to say. If there is very little inventory, price stagnation seems likely. If inventory becomes bloated with bank owned properties, price reductions are more likely.<br /><br />I also added a couple other items to the list....both good and bad.Buying Timehttps://www.blogger.com/profile/04651516505789196067noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-10948602047073039932009-05-07T13:14:00.000-07:002009-05-07T13:14:00.000-07:00Yes, your skills are still in demand as well as yo...Yes, your skills are still in demand as well as your insight.<br /><br />BTW, do you assume that prices will not continue to decrease when you write...<br /><br />"Interest rates are likely to rise, which will reduce affordability and lead to stagnation."<br /><br />To me this would only mean further price pressure.husmanenhttps://www.blogger.com/profile/12133974934289103581noreply@blogger.com