Housing Price Crash Not Done Yet


	Housing Price Crash Not Done Yet

BartendingBear

9-26-2009 10:18 PM

138 views

BartendingBear says:

7,000,000 homes in or near foreclosure have yet to hit the market.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e4d1f8a9-c633-4e08-afab-548511c7151f/77F493B0-61CC-4B62-BF23-1EB094991A94/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg"> The <A href="http://www.bloomberg.com/apps/quote?ticker=SPCS20Y%:IND" linkindex="116">crash</A> in U.S. home prices will
probably resume because about 7 million properties that are
likely to be <A href="http://www.bloomberg.com/apps/quote?ticker=DLQTFORE:IND" linkindex="117">seized</A> by lenders have yet to hit the market,
Amherst Securities Group LP analysts said.     </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.bloomberg.com/img/96D6E04B-7BA7-4028-8A09-5D7F654E87BF" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg">The “huge shadow inventory,” reflecting mortgages already
being foreclosed upon or now delinquent and likely to be,
compares with 1.27 million in 2005, the analysts led by <A href="http://search.bloomberg.com/search?q=Laurie%0AGoodman&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1" linkindex="118">Laurie
Goodman</A> wrote today in a report. Assuming no other homes are on
the market, it would take 1.35 years to sell the properties
based on the <A href="http://www.bloomberg.com/apps/quote?ticker=ETSLTOTL:IND" linkindex="119">current pace</A> of existing-home sales, they said.     </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/77F493B0-61CC-4B62-BF23-1EB094991A94/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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