Justin Sali

As many of you have noticed, there a quite a few vacant houses around town . Some of them have been vacant for well over a year, but they are not listed for sale. I have noticed the same thing, and what I have found is quite troubling. There is what appears to be a "shadow inventory" of forclosure properties that is growing in size. The banks that own these properties are not listing them. I am afraid that by the time they do put them out for sale, that it will flood the market with discount properties that drive house prices back down. I am keeping an eye on them, and we will have to hope they don't all come up for sale at once. If you are selling, it might be a good idea to sell it sooner, than later.

"What we have here is a continuing, but slowing, upward drive on the downside--which is better than a downward thrust on the upside, or even a sideways move on a U-shaped trough.

But, as the downside bottoms out, the resulting flat side of the up curve will strengthen any sideways movement still apparent in the recovery.

However, if the overshoot of incline produces a rising, but negative, slowdown in acceleration of the leading indicators, the resulting outflow could mean additional pressure from all sides of a circular demand curve."

(Source: RealTrends)

NEED TO KNOW WHAT'S REALLY GOING ON? JUST ASK!!!! CONDITIONS ARE DIFFERENT FROM NEIGHBORHOOD TO NEIGHBORHOOD.