Now this is taking it to a new level.
San Diego listings not making MLS
Ok, we joked about one way the bubble 'would be contained' would be to hide listings. Now this is apparently a technical error, but its held all new listings off the national MLS for 30 days in San Diego!
I like to use ziprealy to find out the status of neighborhoods, but far too many listings are missing. Its amusing how broken the market is. But in this case, San Diego sellers are frustrated as they are missing out selling during those critical first few weeks. Most homes sell within a few weeks or languish. In this market, that is just unfair to the sellers.
We need an open MLS.
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Neil
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3 comments:
Neil - a little OT but I had to comment on this blurb from a story in businessweek re: trading of case shiller home values on the futures markets:
"Of course, investors' predictions about these markets are not guaranteed to be accurate. But they do provide insights into what people with skin in the game think lies ahead. Interestingly enough, traders are betting that prices will turn positive in one city: WASHINGTON, WHERE PRICES ARE EXPECTED TO BE UP 2.6% BY NEXT YEAR."
http://images.businessweek.com/ss/08/06/0626_housing_markets/index.htm
Thats pure crap if you ask me - no way the broader DC market per CS is up next year. What the heck is the futures market thinking?
lol
Greater Washington up 2.6% won't happen next year. I've stopped reading business week for a reason. ;)
Got Popcorn?
Neil
Greater Washington up 2.6% won't happen next year. I've stopped reading business week for a reason. ;)
Businessweek is quoting futures traders on the Chicago Mercantile Exchange. The market is betting (via futures contracts) that Case Shiller in DC will be up next year. What does the market know (or think it knows) that we arent seeing?
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