Re: Impossible process due to overwhelming volume and...

Posted by steele in minnesota on November 03, 2008 at 09:15:40:

In Reply to: Re: Impossible process due to overwhelming volume and... posted by dr on November 03, 2008 at 07:47:14:

Well, at least you don't name call :>)

I am not here to argue. Discussion, even debate is fine.

California is not a typical state. In fact, some 60-70% of foreclosures are happening in five states, California being one of the top.

But it will still be important to those in California. That is why I said it is local in nature. Sorry that I can't give you a link to our MLS stats but they are for member use only and part of a protected site. But hopefully no one is presuming I would have reason to lie about the figures.

Don't assume that there is a bias on my part either. I have been a real estate educator for as long as I have been an agent. I pull data from a variety of sources as well. If you say that your media in California is accurate when it comes to stats, I have no reason to disbelieve you. Just that I have found that many of the stats I have come across tend to be the gloom and doom. Again, that is my findings. I don't study California as it is not my state, but also because the 5 top foreclosure states tend to skew the averages by their sheer volumn. But it would be important to you and those in the other 4 states.

And to show you I am not all that testy your numbers on volume is similar to our MLS findings. Closed sales from 2006 third quarter to third quarter of 2008 are down 40.2% for "traditional sales". However, lender mediated sales (REO and short sales) are up 885.6% during the same timeframe. When we put the two together we see a drop of closed sales of 11.4% for the two year period ending this third quarter.

But the first figure does give you what "non distressed" home owners are experiencing. Maybe that is the splitting off you wanted?

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