Thursday, December 11, 2008

Yahoo Real Estate

170 existing homes and 14 foreclosures (FCs). So a month ago, there were fifty more existing homes for sale. There's no way they sold so my guess is that they were pulled off the market by the owners. The FCs haven't changed much so my guess is none of those fifty converted into FCs. I hadn't figured on this large of an inventory over the summer, into the fall, and now in the winter's dead sales season. I wonder if we'll lose more inventory as sales lag, seasonally and in this odd market, and owners remove their homes from the inventory. It's good news that the FCs haven't increased much for about a year.


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