Marc Hoffmann 23 connections

Shadow Inventory Is Just The Top of The Iceberg

I need to thank my friend Dick Rosen (http://www.rosenprop.com/) and Dan Doran for help with this information.
If I have been in your living room in the past 3 years, this slide from Credit Suisse below is not news to you as  I've shared this slide with everyone I can as often as I can.   Last... more »

Shadow Inventory is our next Adversary

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MARKET RECAP FOR DEC 2009

“It’s getting better all the time” is the key refrain to the Beatles’ song Getting Better. That sentiment would have been foolish if it had been sung this time last year. Today, though, it appears to hold true, particularly now that we have finally received the break we have all been... more »

MARKET RECAP FOR DEC 2009

“It's getting better all the time” is the key refrain to the Beatles' song Getting Better. That sentiment would have been foolish if it had been sung this time last year. Today, though, it appears to hold true, particularly now that we have finally received the break we have all been... more »

Think the recession is over?

If you’re thinking the recession is over, not so for he housing market.  It’s reported that Chase is holding over 600,000 houses vacant.  Countrywide/Bank of America is twice as big as Chase - how many do you think are being held off the market from all the banks?   More in the next post;... more »

Housing Reports Deceptively Rebound In Minnesota for May 2009

1,004. 1,046. 1,083. 1,078. 1,120. 1,185.
Notice a pattern? That’s the number of signed purchase agreements each of the last six weeks in the Twin Cities housing market, growing most weeks at the spring buyer market heats up. The 1,185 pending sales during the week of May 9 were a robust 26.6... more »