“Geez, it’s almost there. If we could just get another 851,489 houses for sale in the market, we’ll have it juuuuuust right…” We released our February National Housing Report yesterday – “US Home Prices Already Climbing in February,” in which we highlight the role of declining active market housing inventory in this year’s home...
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If you want to know if new home starts are going higher, watch the active market listings. Residential housing reported higher numbers for November today. What do homebuilders know about housing that surprised the stock market today? Home prices are getting less bad: How? Inventory is down. While the foreclosures are clogged somewhere in...
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In August 2011, the United States Federal Housing Finance Agency offered its “Request for Information” (RFI) for REO Asset Disposition including a transition to a rental-based solution, soliciting ideas from the private sector, academia, and research groups on the handling of the existing REO inventory. From the August release: The Federal Housing Finance Agency...
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With the S&P/Case-Shiller Index released today, everyone is aflutter with talk of a double-dip in house prices. Remain calm. These are January numbers. It’s almost April. More recent figures exhibit more positivity for the 2011 housing market. Here’s how – Since 2008, as the active housing inventory (the number homes available for sale) rose...
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Check out our weekly number of active listings in San Mateo County that are “relists” – homes that exited, then re-entered the market within a three-month window – as of this week: It started back in November when it looked like the market was improving… Inventory steadily declined in November and December, while listings...
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A question we hear every day – “What about the shadow inventory? How are housing prices affected?” with lots of talk about the foreclosure pipeline in judicial states like Florida. (For the uninitiated, “judicial state” means that foreclosure proceedings go through the court system, which considerably slows the clearing the distressed housing market.) Here’s...
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Inventory (orange line, right axis) is showing an up-tick in this week’s data. Sellers on the market are subsequently responding with a flattening in the number of homes on the market with price reductions in the last 90-day period (black line, left axis). History tells us that the inventory count hits a trough in...
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On Thursday, we hosted our Q4 Webcast – “When Does the Housing Recovery Start?” (slides | recording) – looking ahead to 2011 price and some other big questions on people’s minds: Have we hit bottom, or is there really more downside on the horizon? What are the implications of Robo-signing, QE2, Dodd-Frank, and the...
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I know, this is a tough one…
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