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Loan Modification

: Mortgage Lender Implode-o-Meter

California has nearly 9 years of housing supply counting shadow inventory

By Implode-Explode Heavy Industries

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``Given the latest data with NODs still hitting the market plus actual sales, the actual inventory count is only being drawn down by 4,486 homes per month. So then we can run the numbers yet again... (MLS inventory + distressed inventory) / (CA net home sales August 2010 over NODs) = 104.5 months (8.7 years)''

Full post as published by Mortgage Lender Implode-o-Meter on October 06, 2010 (boomark / email).

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