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Archive for February 1st, 2010

Feb
01
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“The inventory of new homes has been reduced in 2009, but remains far above healthy levels. This is reflected in the continued increase of median time on the market for new homes in 2009, shown in the second graph of this article.

The slight inventory improvement of 2009 may be wiped out very quickly because the sales and starts data are moving in opposing directions in a hurry, as seen in the graph…”

via Bad Karma for Homebuilders: Starts Up, Sales Down — Seeking Alpha.

Feb
01
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“Foreclosure filings clobbered Cuyahoga County again in 2009, and the economic misery is spreading deeper into the suburbs…”

via New foreclosure filings in Cuyahoga County remain high and advance in the suburbs | cleveland.com.

Feb
01
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“Record numbers of Cape Coral foreclosures in 2009 put the city second only to Las Vegas in a ranking of metro areas based on pace of foreclosures during the year…”

Cape Coral Foreclosures Second Only to Las Vegas Filings | Business News.

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