RE and economic charts: 2011-09-25

Wednesday, September 28, 2011

[mEDITate-OR:
wonder where all those empty homes went to...
except for the ones they forgot to empty.
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Good Morning, CoreLogic

This months September 27, 2011 CoreLogic Reports Shadow Inventory Continues to Decline

is once again, very interesting.

However, we note some things that are what we call "a puzzlement".

For example;

When we view your months supply chart, we see that IF

we compare that last three January and July numbers we see that they are very similar.

True, the Jan 10 number of months is the highest, but the Jan 09 and 11 months appear to be about the same level

Is that truly the case?

When we look at what happened AFTER July, in 09 and 10 there was a Steep increase to the next Jan

Is there any reason to believe that will not happen this year?

We expect those answer to be both "yes".

When we view your total inventory chart, once again 09 appears to be very similar to 11

with a slight decline in REO inventory, but an increase in pending FC inventory.

so that IF the banksters move more FC inventory into REO inventory we would be almost identical.

Two very serious questions:

First, BoA has recently increase their West Coast NOTS by 116%, more than double.

In, of all places, the sand states of Cal, Nev and AZ (with WA & Ore thrown in)

The question is, of course, does your FC inventory include ALL of those BoA filings?

Or will you be adding them later?

Second, there is a HUGE controversy about Arid-zone-Ahh.

Some argue, using your reports, that all three of the categories you show U.S. are almost gone in AZ.

Some do not believe that is necessarily true.

So, CoreLogic, can you ask The Putative Economist

aka, One (1) Mark Fleming, chief economist for CoreLogic

to tell U.S. if HE knows? What the numbers really are in AZ?

And, can he show U.S. that Az is almost empty?

Well, of immigrants, true; but...

of any and all "shadow inventory" ??

IF this is already shown somewhere, tell me were to go...

to find it.

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