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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (30027)	4/4/2005 3:54:43 PM
From: ild	Read Replies (1) \| Respond to of 110194

CR, for your research from monthly e-mails from a RE agent about statistics here in Irvine, CA: September 2004: 205 closed sales; 51 new open escrows. October 2004: 315 pending homes in escrow, 280 new listings; 784 listings on the market. November 2004: there are total of 621 active homes on the market. 198 new homes on the market, 383 pending homes. Total of 231 home got in escrow from 11/01 and 154 Sold starting 11/01 December: 129 new listings; 161 got in escrow, 287 closed sales; 433 active listings on the market. January 2005: 154 closed sales; 198 new listings; 209 went to escrow; 408 active listings. February 2005, 130 closed sales, 293 houses got in to escrow; 404 houses in escrow and 379 listings on the market for sale. March 2005: 269 closed escrows; 393 went in to escrow; 458 pending in escrow; 368 active listings in the MLS. From my notes inventory for sale in Irvine in March this year is about double of what it was last year. Last year it went down to 138 on 3/15/2004. The peak was 1094 on 8/10/2004. Exactly one year ago 5 year yield was < 3%. stockcharts.com[w,a]dacayiay[dd][pb200!b50!f][vc60]&pref=G Last year low rates and low inventory pushed prices 25% between January till May. Now you please tell me what's going to happen this year.