StockTwits
07-15-2010, 08:01 AM
Shadow Housing Inventory: Two Houses for Every One for Sale « naked capitalism (http://abnormalreturns.com/links/168462/visit) (www.nakedcapitalism.com)
by yvessmith about 5 hours ago
RealtyTrac, as reported on Housing Wire, gave a gloomy update on the US housing market. RealtyTrac does granular collection of data on foreclosures, capturing every filing. One of the shortcomings of this approach is that processes vary by state (as in some state require more court filings over the course of a foreclosure than others). In addition, homes can go in and out of foreclosure (an owner gets the first notice, contacts the servicer and works out a catch-up plan, and later falls behind again). So the commentary of RealtyTrac and other market participants is essential in interpreting the data.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/15/2010#168462)
by yvessmith about 5 hours ago
RealtyTrac, as reported on Housing Wire, gave a gloomy update on the US housing market. RealtyTrac does granular collection of data on foreclosures, capturing every filing. One of the shortcomings of this approach is that processes vary by state (as in some state require more court filings over the course of a foreclosure than others). In addition, homes can go in and out of foreclosure (an owner gets the first notice, contacts the servicer and works out a catch-up plan, and later falls behind again). So the commentary of RealtyTrac and other market participants is essential in interpreting the data.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/15/2010#168462)