{"id":10243,"date":"2010-03-25T06:00:52","date_gmt":"2010-03-25T13:00:52","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=10243"},"modified":"2010-03-24T17:07:57","modified_gmt":"2010-03-25T00:07:57","slug":"video-two-pack-pent-up-supply-high-end-condos","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/03\/25\/video-two-pack-pent-up-supply-high-end-condos\/","title":{"rendered":"Video Two-Pack: Pent-Up Supply &#038; High End Condos"},"content":{"rendered":"<p>Here are a couple of videos for you today.<\/p>\n<p>First up, Zillow Chief Economist Stan Humphries <a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/housing's-big-\"shadow\"-up-to-10m-more-homes-could-be-for-sale-zillow.com-says-448362.html\" title=\"Housing's Big &quot;Shadow&quot;: Up to 10M More Homes Could Be for Sale, Zillow.com Says\">on Yahoo News<\/a>:<\/p>\n<div style=\"width:576px; margin:0 auto;\"><object width=\"576\" height=\"324\"><param name=\"movie\" value=\"http:\/\/d.yimg.com\/m\/up\/ypp\/finance\/player.swf\"><\/param><param name=\"flashVars\" value=\"repeat=1&#038;vid=18789487&#038;\"><\/param><param name=\"allowfullscreen\" value=\"true\"><\/param><param name=\"wmode\" value=\"transparent\"><\/param><param name=\"loop\" value=\"false\"><\/param><\/object><\/div>\n<p>Here&#8217;s the money quote:<\/p>\n<blockquote><p>We think that the amount of pent-up supply that we have of people on the sidelines, combined with the amount of foreclosures that we have, combined with the current negative equity rates and the foreclosures they are going to produce in the future&mdash;all that combines to keep more supply than there is demand for the near term.  We think it&#8217;s going to take three to five years for us to work through this.<\/p><\/blockquote>\n<p>&#8220;Pent-up supply,&#8221; you say?  That sounds like a familiar concept, like one I&#8217;ve <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/04\/09\/which-is-larger-pent-up-demand-or-pent-up-supply\/\" title=\"Which is Larger: Pent-Up Demand or Pent-Up Supply?\">heard somewhere before<\/a>&#8230;<\/p>\n<p>Next up Aubrey Cohen of the Seattle P-I gets some face time on CNBC&#8217;s 4-headed talk-box.  Skip ahead to 2:25 in the video to jump past the blah blah about condos in Florida.<\/p>\n<div style=\"width:580px; margin:0 auto;\">\n<object classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\" height=\"370\" width=\"580\" id=\"cnbcplayer\"><param name=\"type\" value=\"application\/x-shockwave-flash\"><param name=\"allowfullscreen\" value=\"true\"><param name=\"allowscriptaccess\" value=\"always\"><param name=\"quality\" value=\"best\"><param name=\"bgcolor\" value=\"#000000\"><param name=\"wmode\" value=\"transparent\"><param name=\"salign\" value=\"lt\"><param name=\"play\" value=\"false\"><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1442417191\/code\/cnbcpermalink\/\"><\/object>\n<\/div>\n<p>Aubrey&#8217;s take on the current market in Seattle:<\/p>\n<blockquote><p>Our prices have been bouncing around pretty much at the same level for nearly a year now.  Our sales are up year over year, of course a year ago they were nothing to write about.  We&#8217;re seeing now some of the fallout hitting some of the higher end, because of condo projects.<\/p><\/blockquote>\n<p>I got the impression that Aubrey wasn&#8217;t being &#8220;optimistic&#8221; enough for the CNBC hosts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are a couple of videos for you today. First up, Zillow Chief Economist Stan Humphries on Yahoo News: Here&#8217;s the money quote: We think that the amount of pent-up supply that we have of people on the sidelines, combined with the amount of foreclosures that we have, combined with the current negative equity rates&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[612,613,264,198],"tags":[122,18,4,653,506,654,80],"coauthors":[],"class_list":["post-10243","post","type-post","status-publish","format-standard","hentry","category-local","category-national-news","category-media","category-news","tag-cnbc","tag-cohen","tag-condos","tag-humphries","tag-pent-up-supply","tag-yahoo","tag-zillow"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Video Two-Pack: Pent-Up Supply &amp; High End Condos \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2010\/03\/25\/video-two-pack-pent-up-supply-high-end-condos\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Video Two-Pack: Pent-Up Supply &amp; High End Condos \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Here are a couple of videos for you today. 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His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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