« Best money-savings tools & trends for home buyers in 2008? | Main | NOW, what do you think will happen to housing prices in 2008 & beyond? »

January 08, 2008

Expired & canceled listings soar in MA as Petitions to Foreclose approach MLS sales

Ma_sellers_worried_010808v2

SURVEY: NOW, what do YOU think will happen to housing prices in 2008 & beyond?

Bill Wendel | 11:24 PM in Foreclosures, Market trends, Real Estate Bubble | Permalink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451cafc69e200e54fd95e8f8834

Listed below are links to weblogs that reference Expired & canceled listings soar in MA as Petitions to Foreclose approach MLS sales:

Comments

NOTE: Your email address will not be published on this page with your comment. Followup to your comment will generally appear here. Occassionally the Real Estate Cafe may use your email address to followup with you directly however it is not shared or given to anyone else nor added to a RE Cafe mailing list.

Would it be possible/simple to make a comparison for Q4 2006?

Posted by: bostonbubble | Jan 9, 2008 10:06:49 AM

Excellent question, I'll see what I can do in the next several days.

I hope to do another pie chart showing three segments of the housing market: (1) active listings, (2) off-market listings, ie. expired & canceled), and (3) hidden distressed market (ie. petitions to foreclose.)

If Treasury Secretary Henry Paulsen is talking about extending help to "Prime" mortgage holders, (see NPR story below) you can bet that others are about the downward pressure the growing foreclosure crisis will have on the inventory of unsold homes, both active and off-market.

Any other readers have research questions?

'Prime' homeowners may get help too
http://tinyurl.com/27o4ux

Posted by: RealEstateCafe | Jan 9, 2008 11:22:16 AM

We are going to see a steady increase in foreclosure petitions, there is no doubt about that. As for the foreclosure and Reo's listed on the MLS an increase in sale.The homes listed at 2006 market prices will continued to expired and fall into the canceled category.The home-owners not in distress just can't afford to sell at current market value.

Posted by: Brett Wilson | Jan 17, 2008 2:31:37 PM

The comments to this entry are closed.