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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (645732)	2/17/2012 4:24:33 PM
From: tejek	Read Replies (3) \| Respond to of 1575938

Ted, > Banks start to put up their foreclosures for sale when the markets begin to shown improvement and inventories are at their lowest. How does that jibe with the news that foreclosures are on the rise again? Huh? There are two reasons why banks have not been putting their foreclosures onto the market. The Republicans who run these banks apparently don't know how to do foreclosures properly. Consequently, many foreclosures have been tied up in the courts. Secondly, the overall housing market has been weak. Up until about the past 6 mos, inventories have been high and sales lackluster. That began to change last fall in many markets. Now inventories are low as we enter the all important Spring season.........when real estate sales are at the highest. Apparently, Rs are not entirely stupid............they know that this may be a good time to start dumping their foreclosures onto the market. Of course banks will want to sell off their foreclosed homes as soon as the markets show improvement. But in the meantime, a foreclosure backlog has been building for a while now thanks in part to regulators who thought the whole process was getting out of (their) control. The regulators thought the whole process was getting out of control??? What the hell are you talking about? That backlog is now leading to a spike up in foreclosures. Huh? In most states foreclosures have stabilized or are in decline. And that will continue to put downward pressure on the real estate market. Come on, you should know all this, Mr. Real Estate. Maybe downward pressure on prices but not downward pressure on the markets. In Seattle and where you live, houses well priced are getting scooped up very quickly. Consequently, one metric, days on the market, is declining very nicely.