Einzige has posted the latest graph for notices of trustee’s sales in Phoenix, and concludes:
It would seem, now, that the question is no longer “Is there a housing bubble?”, but “How big is the pop going to be?"Check it out here.
Einzige has posted the latest graph for notices of trustee’s sales in Phoenix, and concludes:
It would seem, now, that the question is no longer “Is there a housing bubble?”, but “How big is the pop going to be?"Check it out here.
Historical Comments
A bit of an update, in lieu of putting up a whole new graph (which I will do in February):
December saw a slight dip in the numbers, with the total getting to “only” 1407 notices recorded–79 less than November.
However, January 2nd saw an astounding 98 notices filed that day. If the past week’s pace keeps up, this month’s total is likely to beat the 11-year high (1738, set in January of ‘03). If it weren’t for the MLK holiday, I wouldn’t rule out the possibility of surpassing 2000!
Stay tuned.