I've just read quite an eye opening article regarding a forecast on the housing crisis and I would love some feedback about it from our industry professionals - especially any arguments (if any) to contradict its dismal outlook at least here in Florida.
According to a report by T2 Partners - which includes an impressive series of charts on the housing crisis - there is a great deal more pain to come. The report is 69 pages long and as stated, is loaded with informational charts covering the full spectrum of all that is aggravating the current housing crisis.
The original report is accessible here:
http://moremortgagemeltdown.com/download/pdf/T2_Partners_presentation_on_the_mortgage_crisis.pdf
Available here is an abbreviated version of some of the included information along with commentary by Mike Shedlock (Mike Shedlock is a registered investment advisor representative for SitkaPacific Capital Management):
http://www.mortgagenewsdaily.com/channels/community/06292009-Mortgage-Meltdown.aspx
In addition to direct feedback regarding the information in this report, I would appreciate some feedback regarding the monthly FAR reports regarding sales volume. These reports clearly illustrate a steady increase of activity beginning 3rd quarter 2008 in all MSA's within Florida. One would see this as welcome news but how accurate are these numbers?
Do these reports (for single family homes) include foreclosures and short sales? If so, does anyone have current percentages or monthly figures as to glean more accurate information from these FAR reports?
Wednesday, September 2, 2009
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