Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (85003)	8/13/2007 4:13:28 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

The foreclosure environment might NOT result in a bunch of price drops BECAUSE..........the foreclosure environment (and the subprime environment in general) is a very small percentage of the entire U.S. homeownership picture." ++++++++ Ahem. -g- I am using chart from CR's blog Current est of total residential sales this year will be about 5,700,000 958,000 foreclosures first 6 months of 07 and accelerating(18% 2nd Q over 1st). My est is 2,000,000 foreclosure "must sell" this year That is over 33% of total home sales. I expect the 2,000,000 number to accelerate even more over the next 2-3 years while home sales return to the historical mean of 4,000,000 per year. I think we can achieve near 50% of sales per year being REOs for at least 2-3 years.