I know, this is a tough one…
Active Housing Inventory through 9/15/10, Single-family residences: Miami & Los Angeles MSAs
Can you guess the judicial state?
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Can you guess the judicial state? http://bit.ly/dwlnnP
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Can you guess the judicial state?: I know, this is a tough one…
Active Housing Inventory through 9/15/10, Sing… http://bit.ly/9nl0vc
This comment was originally posted on Twitter
Can you guess the judicial state?: I know, this is a tough one…
Active Housing Inventory through 9/15/10, Sing… http://bit.ly/9CEkp7
This comment was originally posted on Twitter
New blog post – “Can you guess the judicial state?” – How foreclosure laws affect the active market housing supply. http://fb.me/zZTqVbvV
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Can you guess the judicial state? http://t.co/ggndHau ^^ #housing (Our AltosChart of the day…)
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Hi James – A "judicial state" (in terms of foreclosures) is a state that requires that the housing foreclosure proceed through the court system. These include, but are not limited to, FL, NY, PA, and NJ. Because of the introduction of the legal system to the process, this means that introducing foreclosed/"shadow inventory" takes longer to hit the active market. California is non-judicial so we're starting to see a rise in the active housing supply in the short term, where as Florida is remaining lower. I'll shoot you a note with some additional background information about this.
-Scott Sambucci
This is good information. I'm going to check to see if I can get regional info for the SF Peninsula and compare it to CA. thanks.
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