Posts Tagged ‘inventory’Zip Code Spotlight: Berkeley — 94703Each month we examine a single zip code, identifying micro-trends within the area to try and figure out how close (or far) that market could be from a bottom. This month we shine the Zip Code Spotlight on 94703, an area smack in the middle of storied Berkeley, CA. The area contains an eclectic mix [...] By The Numbers: Housing InventoryAs the nationwide housing crisis continues to unfold, one of the most important data points to watch is housing inventory. Housing inventory is examined by comparing the total number of listings in a given area to sales pace, resulting in a measurement of months’ supply. This number represents the number of months it would take [...] Keepin’ It Real Estate: The Other Side of the Rock-Bottom MortgageBy ANDREW JEFFERY This post first appeared on Minyanville. It’s wishful thinking that artificially low interest rates alone are enough to rehabilitate the housing market. The mortgage industry has undergone a swift and ruthless downsizing over the past 18 months. While a necessary part of the corrective process, the market is ill-equipped to handle the onslaught of [...] Housing Perspective: September Pending Home SalesBy AUSTIN NELSON The National Association of Realtors (NAR) posted its monthly Pending Home Sales Index for September today, showing a pullback in the gains seen in last month’s report. The index, touted as “a leading indicator of housing activity,” is based on signed housing contracts. These contracts are not counted as sales but are [...] |