tag:blogger.com,1999:blog-18675105.post2317628036066937233..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: This sums up last month's NAR Used Home Sales report nicelybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-18675105.post-45216557498750703982008-08-27T17:17:00.000+01:002008-08-27T17:17:00.000+01:00"There were a record 4.67 million unsold houses an..."There were a record 4.67 million unsold houses and condos on the market in July, representing 11.2 month's supply at the current sales pace, the highest ever..."<BR/>Until the banks dump the shadow inventory at the end of this year, when that stock will rise 50% or more.The Authorhttps://www.blogger.com/profile/08175521271345136807noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78626400333352302892008-08-26T19:41:00.000+01:002008-08-26T19:41:00.000+01:00"...a "TRUE" 8 months or less of inventory..."Hard...<I>"...a "TRUE" 8 months or less of inventory..."</I><BR/><BR/>Hard to tell which way to lean on that.<BR/><BR/>One one hand we have reports here and there of banks sitting on MASSIVE REO inventory...<BR/><BR/>Then on the other we learn of widespread collateral fraud in the pools; one property represented in multiple mortgages.<BR/><BR/>Either way or right in the middle; it doesn't bode well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27543600165465097542008-08-26T17:05:00.000+01:002008-08-26T17:05:00.000+01:00Bela scared the shat out of me as a youngster. I s...Bela scared the shat out of me as a youngster. I slept with my covers over my neck until I was about.....25 years old.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70002918456435847842008-08-26T16:05:00.000+01:002008-08-26T16:05:00.000+01:00remember,If one more house is sold over the last ...remember,<BR/><BR/>If one more house is sold over the last month, just one, they will play it up as a Huge increase in sales.<BR/><BR/>Well, I guess that if you only sold one last month, then two would be doubling of your sales!<BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50827358859591926072008-08-26T16:02:00.000+01:002008-08-26T16:02:00.000+01:00.What the F!Every time you turn around a report co....<BR/><BR/>What the F!<BR/><BR/>Every time you turn around a report comes out stating the worst is over.<BR/><BR/>Then within a day another report on a crashing housing market or a crashing economy!<BR/><BR/>Make up your minds!<BR/><BR/>You either is or you ain't<BR/><BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74127773118741930622008-08-26T14:06:00.000+01:002008-08-26T14:06:00.000+01:00The uptick in sales has to do with the typical upt...The uptick in sales has to do with the typical uptick that we get every year at this time. Some folks can no longer stand to live in those shoebox apartments. This is not a recovery nor should it be lauded as such. If you are buying a home now be prepared to hold on to it for at least 5 years. There will be no appreciation to cover the costs of purchase until we have much less inventory. Expect prices to continue to depreciate until we have a "TRUE" 8 months or less of inventory. Some areas are saying they have a decling inventory but that does not take into account the homes that are in legal foreclosure limbo and not on the market. Yes I am a RealtorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9419436394607660162008-08-26T13:55:00.000+01:002008-08-26T13:55:00.000+01:00"These days, hammering a For Sale sign in the fron..."These days, hammering a For Sale sign in the front yard of a home must feel a bit like driving a stake into the rotting corpse of a vampire"<BR/><BR/>Poetry, pure and simple.<BR/><BR/>Bonus Points:<BR/>above quote plus: especially when the Nascar ballcap wearing, obese nose-picking jerkoffs who lived in the rented from-the-bank, no down, no doc shack are standing defiantly in the yard with the copper piping from the house under their arms and their multiple fat diabetic offspring crying with diapers soiled, hollering "we were victims" as they walk (SUV repo'ed last week, no credit cards) to the homeless shelter, their new home for a free handout and hot meal.<BR/><BR/>THIS is the American Way.<BR/><BR/>Vote for John McCain. He will help you. Maybe let you stay in one of his 7 homes..<BR/><BR/><BR/>Bwa hahahaha<BR/><BR/>Depression of 2008 -2009. <BR/>Get into it.<BR/><BR/>Fuck Bushco and Cheneyburton.<BR/>High Crimes and MisdemeanorsAnonymousnoreply@blogger.com