Dec 14 2009
San Francisco Shadow Inventory Larger than Regular MLS Data: How the Real Housing Inventory is Hidden from the Public.
Once upon a time in California, housing prices aligned with national prices. You don’t need to go back into the legends of the state because this was a time in the 1960s and early 1970s. At this point, housing in California started to disconnect from economic fundamentals. Many people forget that California had a housing [...]
Oct 22 2009
California Housing Inventory Mystery: 206,000 Homes on MLS but is the Real Inventory 412,000 or closer to 618,000?
It is probably one of the least desirable tasks to undertake but if we are to understand the California housing market we need to look at the entire state current inventory level. Now having access to the MLS gives us a general sense of the overall number of homes on the market but it does [...]