Comments on: The Spin Cycle – What Real Estate Statistics To Believe http://www.biggerpockets.com/renewsblog/2009/02/23/spin-cycle-real-estate-statistics/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Alexis McGee http://www.biggerpockets.com/renewsblog/2009/02/23/spin-cycle-real-estate-statistics/comment-page-1/#comment-64123 Alexis McGee Mon, 23 Feb 2009 21:37:58 +0000 http://www.biggerpockets.com/renewsblog/?p=4208#comment-64123 The only problem with using annual numbers in the Las Vegas Market (as well as most others) is that the year to year % has been running 84% since March of 08... (If you compare a month's foreclosure increase with the same month's number a year prior.) This number started to drastically decline in October of '08. This is a good sign. But it should be tempered with the government action to stop foreclosures in the same time period. There are quite a few in the pipeline that are not being shown yet in the numbers. <abbr><em>Alexis McGee’s last blog post: <a href="http://blog.foreclosures.com/post/2009/02/04/Senate-Approves-2415000-Real-Estate-Tax-Credit.aspx" rel="nofollow">Senate Seeks $15,000 Real Estate Tax Credit</a></em></abbr> The only problem with using annual numbers in the Las Vegas Market (as well as most others) is that the year to year % has been running 84% since March of 08… (If you compare a month’s foreclosure increase with the same month’s number a year prior.) This number started to drastically decline in October of ‘08. This is a good sign. But it should be tempered with the government action to stop foreclosures in the same time period. There are quite a few in the pipeline that are not being shown yet in the numbers.

Alexis McGee’s last blog post: Senate Seeks $15,000 Real Estate Tax Credit

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