One resolution I had coming into 2010 was getting a better number for the shadow inventory in Southern California. It is rather clear that shadow inventory is a real factor in the current market but how big is this inventory? Can we really get an accurate figure for a large area like Los Angeles County? Well this is something I set out to do. The trouble with the current numbers is they are derived from a variety of sources. First, you need to pull MLS data for each of the 269 zip codes in Los Angeles County. This is the largest county in California with approximately 9,700,000 people living here. It provides an excellent cross section of all the ills California housing is currently experiencing. If we can get a handle on the actual shadow inventory for this area we can put together a better picture of the housing market for 2010. (more)
Monday, January 4, 2010
Unlocking the Foreclosure Box – The Most Comprehensive Shadow Inventory Housing Analysis for Los Angeles County. Examining 269 Zip Codes and Finding 1
One resolution I had coming into 2010 was getting a better number for the shadow inventory in Southern California. It is rather clear that shadow inventory is a real factor in the current market but how big is this inventory? Can we really get an accurate figure for a large area like Los Angeles County? Well this is something I set out to do. The trouble with the current numbers is they are derived from a variety of sources. First, you need to pull MLS data for each of the 269 zip codes in Los Angeles County. This is the largest county in California with approximately 9,700,000 people living here. It provides an excellent cross section of all the ills California housing is currently experiencing. If we can get a handle on the actual shadow inventory for this area we can put together a better picture of the housing market for 2010. (more)
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