Home Inventories Soaring? Not Exactly [View article]
If your market is similar to mine then I believe the statistics do not tell the complete story regarding inventory. In my area there are many REO properties that are NOT on the market. The bank is sitting on them. This is probably due to the fact that once they sell, they will be required to reflect the loss on their balance sheet. The statistics also do not reflect pent up seller demand. Many people would like to sell but are not putting their house on the market in hopes the market will improve later.
Have We Seen the Housing Bottom? [View article]
Haven't First-Time Homebuyers Heard of Roubini? [View article]
Most seller's still clinging to 2005 prices, no inventory moving.
LOTS of shadow inventory on the sidelines.
I guess your first time homebuyers have not heard of Meredith Whitney either.
Are Things About to Turn Around for Housing? [View article]
Home Inventories Soaring? Not Exactly [View article]