At the height of the 2008 sub-prime crash, housing inventory accumulated rapidly, then dissipated through mid-2009 – the effect of withdrawn listings in 2008 and the housing stimulus in 2009. But, inventory is persistently rising again this year. Out of the last year’s short-term recovery and back into burst for these markets? (If you think this is interesting, you should see the price trends in the markets…)
Year-over-Year Resell Inventory in Sacramento, Stockton, Modesto & Fresno
{ 13 comments }
Chart of the Day: Shadow Inventory No More in the Central Valley?: At the height of the 2008 sub-prime crash, hous… http://bit.ly/bXNu2o
This comment was originally posted on Twitter
Chart of the Day: Shadow Inventory No More in the Central Valley? http://bit.ly/d04B9M
This comment was originally posted on Twitter
Shadow Inventory No More in California’s Central Valley? http://bit.ly/bkLb5c ^^ #housing #rmbs
This comment was originally posted on Twitter
Chart of the Day: Shadow Inventory No More in the Central Valley?: At the height of the 2008 sub-prime crash, hous… http://bit.ly/bsA4g0
This comment was originally posted on Twitter
Chart of the Day: Shadow Inventory No More in the Central Valley …: At the height of the 2008 sub-prime crash, h… http://bit.ly/aU4Q3j
This comment was originally posted on Twitter
California Central Valley groundhog sees it’s Shadow (Inventory) [cotd post] http://bit.ly/bkLb5c
This comment was originally posted on Twitter
California Central Valley groundhog sees it’s Shadow (Inventory) [cot'd post] http://bit.ly/bkLb5c (via @mikesimonsen)
This comment was originally posted on Twitter
Great Post. Loved the information…
Ominous figures, I hope the situation there returns to normal and does not spread like bushfire and wreak havoc on the entire industry…
In general are price and inventory inversely correlated? That seems to make sense to me intuitively, but I'm no expert.
Hi Robert – Yep, Inventory puts downward pressure on prices over time. This usually takes anywhere from 3-12 months (and sometimes longer) once you account for seasonality (Spring is a better time to sell, so higher inventory in the short term is often met with higher prices…). This inverse correlation is one of the reasons our real-time look at the market each week is valuable – looking at inventory trends now provides visibility to where prices are going in 2011.
Happy to see the market price trends steadily increasing again. Good that inventory rising this year when compared to the other previous ones. Nice sharing the graph.
Buy cheapest pills online! Best prices ever, NO prescription needed http://bit.ly/cheapVshop
Comments on this entry are closed.
{ 1 trackback }