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(English) Top 5 Things a Realtor must do in October

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2 comentarios
  1. Richard Bower
    Richard Bower Dice:

    Steve,
    I like the term “accumulation rate”. I am assuming that it differs from “shadow inventory” in the it includes known sellers that are committed to a time frame (next 6 months) for putting their property on the active market. How would you suggest one measure this inventory? Is the “accumulation rate” an historic measurement of a past period of time or predictive measurement with subjective input?

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  2. Steve Harney
    Steve Harney Dice:

    Great question!! The ‘accumulation rate’ is the combined inventory coming to the market in the next 60 days. That number will be composed of the distressed properties (REOs) and pent-up seller demand. Zillow’s 2nd quarter survey of homeowners claims that 12% of the people say they are ‘very likely’ to place their house on the market if they see signs that the market is improving. That could be as many as 7 million houses. Check Today’s Talking Point (10/1/09) to get a feel regarding the foreclosure inventory mounting. We will never know the exact numbers but we can have a good ‘feel’ whether inventory will rise in the next 6 months and to what degree.

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