tag:blogger.com,1999:blog-11719208.post4032084503505929815..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The shadow inventory of foreclosed homesTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11719208.post-88418586940194379432009-04-14T15:41:00.000-07:002009-04-14T15:41:00.000-07:00Tons of shadow inventory here in San Diego. One do...Tons of shadow inventory here in San Diego. One doesn't have to use MLS sales figures, and I'm surprised if they did; that can also be found through county records.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-13942105038256409012009-04-09T16:29:00.000-07:002009-04-09T16:29:00.000-07:00Out of 4 houses 4-sale on my street, 2 pulled them...Out of 4 houses 4-sale on my street, 2 pulled them until better times. There are still going to be for sale, just not listed now.menoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-23035496203144014672009-04-09T14:24:00.000-07:002009-04-09T14:24:00.000-07:00Is Rick Sharga of Realty Trac that dumb to continu...Is Rick Sharga of Realty Trac that dumb to continue saying this - he's been widely quoted on this subject in recent months.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-74065769950166986512009-04-09T14:16:00.000-07:002009-04-09T14:16:00.000-07:00Ahh I see the problem with the data. We are compar...Ahh I see the problem with the data. We are comparing *county records of foreclosures* with *MLS records of those properties selling*. That leaves out the big auctions, it leaves out any sale privately arranged by the bank, it neglects those properties that NYT was reporting the bank decided not to actually take, it leaves out anything that bypassed the MLS. <BR/><BR/>I will grant that I'm not in California. Here in Vegas, the "For Sale" sign sometimes goes up as soon as the recorder's stamp touches the deed. I am willing to believe there are a few hundred REO homes not yet for sale, but I can't believe there are thousands, let alone tens of thousands. I keep hearing about shadow inventory, and not seeing any real evidence of it beyond clumsy comparisons of defaults to MLS data.ShortWomanhttp://www.bridgetmagnus.comnoreply@blogger.com