not see the Shiites running down hill..., all around you...
While this is a rather stunning chart...
it tells U.S. that very low priced homes have been gobbled up by owners and investors.
Bcuz, we have gone from an after "foreclosure" REO type RE market to a "bid for it on the courthouse steps, before anybody else see it" foreclosure market.
Nevertheless, this is showing all of U.S. that Jumbo loan RE homes are NOT selling very fast, if at all; and that the big price declines for them are still incoming.
This will be a very hard, long year.
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Greater Phoenix Single Family Home Inventory Levels And Absorption Rates By Price Range
It takes anywhere from 45 days to 3 years to sell property in Metro Phoenix.
http://www.phoenixmarkettrends.com/public/
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