Is shadow inventory relevent in all metro areas? For example, some parts of Brooklyn (ENY, Brownsville, Canarsie, etc.) have more homes than average that fall into foreclosure. Same can be said for outlying areas in a place like the Bay Area (Stockton, Vallejo, Tracy, etc). When you look at prime purchase areas like Brownstone Brooklyn and San Francisco proper, distressed buyers are able to sell quickly if they price their homes accordingly because these areas are desirable.
C-S 20 City MOM is expected to be +0.20% folowing on from the +0.44% last month.
The YOY 20 Composite is estimated to be +3.85% following on the +3.81% last month.
DIBS, I’ve always preferred used. Something with a bit of mileage.
…and even in the article they flash -30%. Case-Thriller tomorrow!
***Bid half off peak comps***
I better aquit while I’m ahead before everyone decides to bail.
What a deferens a day makes.
By dittoburg on July 26, 2010 11:17 AM
stroller: used from craiglist.
Latest sexual encounter: used from craigslist.
Is shadow inventory relevent in all metro areas? For example, some parts of Brooklyn (ENY, Brownsville, Canarsie, etc.) have more homes than average that fall into foreclosure. Same can be said for outlying areas in a place like the Bay Area (Stockton, Vallejo, Tracy, etc). When you look at prime purchase areas like Brownstone Brooklyn and San Francisco proper, distressed buyers are able to sell quickly if they price their homes accordingly because these areas are desirable.
DIBS has been talking about a bottom for 2 years now.
***Bid half off peak comps***
+117% from a very low number is still A VERY LOW NUMBER.