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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Hawkmoon who wrote (102223)9/20/2009 6:16:01 AM
From: Elroy Jetson1 Recommendation  Read Replies (1) of 116555
 
Let's see, 1989 to 1994 is four years.

If the banks follow the same pattern for the bulk of their foreclosure sales, that's 2006 to 2010 which will be when the banks holding large foreclosure inventory just can't hold back on selling their foreclosures anymore.

Using the 1989 to 1996 as a typical pattern, this means real estate finally bottoms in 2013 when all of the foreclosed homes are finally sold.

If the banks had been smart they would have been selling their foreclosed homes as quickly as they got them to get higher prices - and a few have. But most will follow the typical pattern of selling at the very bottom, by waiting.
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