September 25, 2009
The Update is that on September 15th the Foreclosure Moratorium Lifted.
So where are all the foreclosures?
Henry Fishkind, an Orlando-based housing economist, says some banks tell him they “are holding back [foreclosed-home] inventory” to avoid depressing prices any more than necessary. “It’s in their interest” to avoid flooding the market, and regulators haven’t forced them to [...]
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September 3, 2009
Supply and Demand
Home sales have been exceeding new inventory, prices have not yetstopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there.
Watch prices as the market transtions from a buyer’s market to a seller’s market.
Demand measured by the Market Action Index is increasing and [...]
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