Sunday Stats

Friend & colleague John Wake published this chart yesterday.  We all know it’s bad, but this chart makes the point very clear.. click here to read the original article at Wall Street Journal dot com. To claim “The Great Recession – worst economic times since the Great Depression” a couple of years ago sounded like [...]

I found an interesting post this morning via the Calculated Risk blog – take a look at the changing ratio of new home sales (red) to existing home sales (blue) in the national market. Existing home sales are great since they generally enable the selling family to move on with their life, usually to buy [...]

Nothing new to say here as we watch the trends continue.  5,160 new distressed listings last month, which accounted for a little over 60% of all new listings. I’m including Bank-Owned, Short-Sale, Pre-Foreclosure, and Auction homes as Distressed Listings, and I’m pulling all Single Family Detached Homes in Maricopa County from the Arizona Regional Multiple [...]

I’ve said many times and still maintain this chart will show us when things begin to get back to normal.  (When the tidal wave of bank-involved business ebbs and sellers can compete with each other, rather than with the banks.)  Unfortunately, we’re not there yet… Note:  I’m pulling all new distressed listings from the MLS, [...]

Last month we heard rumblings about the REO engine revving back to life, and I was worried this month’s numbers might show a large spike upward.  Spike upward – yes.  Large spike – not so much. Looks like we’re still hovering around the 5,000 mark; I don’t expect to see many changes this year.. Note:  [...]