A Smoother Look at Foreclosures and Home Sales

Submitted by Rich Toscano on July 23, 2009 - 4:42pm

Last week we took a look at the fact that more homes have been going into foreclosure than have been selling during 2009. I wrapped it up on this circumspect note:

For all the relief that the spring-summer rally has brought to the real estate bulls, it seems a bit premature to uncork the champagne before that orange line climbs out of the abyss.

The orange line in question appeared on a graph tracking the ratio of monthly home sales to monthly homeowner default notices. To save you some clicking, here it is again:

continue reading at voiceofsandiego.org

(category: )

Submitted by ybitz on July 23, 2009 - 9:57pm.

Man, I wish I have a magic crystal ball and can peek at a housing price graph 2 years into the future. It's going to be interesting to see how this wacky market will play out in the end.

Btw, there's spelling typo:
"This smoothed-out graph shows even more clearly the two conclusions that have been discussed hear often"

Submitted by Rich Toscano on July 23, 2009 - 10:32pm.

Damn you, spellchecker! And laziness!

Thanks for the catch, I will fix it now...

Rich

Submitted by pertinazzio on July 24, 2009 - 12:48pm.

I also wish I HAD a magic crystal ball and COULD peek at a housing price graph 2 years into the future.

Submitted by ybitz on July 24, 2009 - 10:23pm.

haha, thanks for the correction. I suck at grammar...

Submitted by San Diego Remodeling on July 30, 2009 - 10:38pm.

I think regardless of how the housing situation unfolds we still are stuck with a week economy for many years to come. More job losses and more defaults
www.remodelingsd.com

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.