I just came across a post from CNBC’s Diana Olick that sheds some light on whether banks are holding onto an inventory of homes that they’ve already foreclosed on instead of putting them on the market.Here’s what Bank of America told...
Topics: foreclosures, Housing, shadow inventory

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That’s 6 straight months of inventory dropping and pending sale increases. This is the lowest inventory for the 38 Cities I track in the San Francisco East Bay since early 2005. We’re seeing buyers coming back into the market along with investors....
Topics: east bay housing statistics, east bay real estate, Housing

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Looks like more of the same. Inventories dropping, pendings have gone up, months supply is dropping. I think we’re seeing a trend over the last 3 months, REOs are less of a factor in listings, while short sales have increased. More buyers than sellers,.
Topics: east bay housing statistics, east bay real estate, east bay real estate statistics

{"title":"Glen\u2019s May 2009 East Bay Housing Statistics","post_url":"http:\/\/myeastbayagent.com\/2009\/06\/02\/glens-may-2009-east-bay-housing-statistics\/","feed_url":"http:\/\/feeds.feedburner.com\/myeastbayagent","author":null,"date":"2009-06-02 11:16:40","summary":"Looks like more of the same. Inventories dropping, pendings have gone up, months supply is dropping. I think we\u2019re seeing a trend over the last 3 months, REOs are less of a factor in listings, while short sales have increased. More buyers than sellers,."}

The California Association of Realtors’ housing forecast now calls for a 28.4% drop in the median price of a California house.That compares to a projected drop of just 6% originally expected when the association first unveiled its 2009 forecast in...
Topics: Housing

{"title":"How\u2019s That For a Downward Revision?","post_url":"http:\/\/myeastbayagent.com\/2009\/05\/08\/hows-that-for-a-downward-revision\/","feed_url":"http:\/\/feeds.feedburner.com\/myeastbayagent","author":"andykaufman","date":"2009-05-08 14:55:08","summary":"The California Association of Realtors\u2019 housing forecast now calls for a 28.4% drop in the median price of a California house.That compares to a projected drop of just 6% originally expected when the association first unveiled its 2009 forecast in..."}

Zillow COO Spencer Rascoff was on CNBC this morning talking about the shadow inventory and the negative equity situations that are looming over the market as it tries to stabilize itself.Internally, we’ve been discussing the shadow inventory among..
Topics: Uncategorized

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