No as far as I know there is no reporting on residential lots. Most of those are by developers as part of their development.

You can do a search of the Tucson MLS specifying lots and see what is available.

We have access to the public Tucson MLS Search on our website at:
http://www.barbaralasky.com/tucson-mls-search.html

The fund and credit markets are absolutely imploding. The only reason we haven’t crashed significantly harder is the Japanese Yen and Foreign investment. The Japanese have destroyed the Yen to save the dollar. Its more complex than that, but basically what is happening.

Like I said, the credit crunch is in full effect. Once it becomes hard for the major players to raise capital, it becomes REAL hard for us simpletons to get a loan. Just keep watching, you’ll see it in the media in the next two weeks or so.

Look at all the Have you seen all the big M&A deals. They are falling through like sand in a 1 inch sieve. Everyone is having a hard-time raising capital because very few people know how to access the risk. Its going to be a systemic problem and will affect all markets. Its going to get ugly.

Unregulated? Are you joking?

In the graphs… Keep in mind that these tranches are levered 10 to 1 in most cases and 20 to 1 in extreme cases. A 5 to 10% decline in value makes them worthless. Something on the order of a trillion dollars are tied up in these; UNREGULATED and HIGHLY complex funds.. that are priced according to a mathematical model and now what appears to be a hoax credit rating. They were levered to the hilt and there is NO true way to derive the REAL value of these things… and there are a LOT of them.

Stock market indices are lagging indicators, they are. A strong (correct) bull market usually* leads with financial’s, its not. What you are seeing is smoke and mirrors (AKA Short Squeeze). Think 1987 (Savings & Loan), think 2000 (dot com)…
(*99% of the time)

One last thing… check out the dollar index:

http://quotes.ino.com/chart/history.gif?s=NYBOT_DX&t=l&w=15&a=50&v=d12

Keep in mind that the dollar has NEVER been below 80.

When are those figures going to be released, or are they?

The meltdown of the Bear Sterns Funds I mentioned weeks ago finally came to fruition and are now basically worthless. Read here: Bear Sterns Letter to clients

Moody’s, S&P, and a slew of credit agencies have downgraded funds like a kid in a candy store. Look at these indexes:

AAA (Investment Grade tranche)
http://www.markit.com/cache/curves/1b9934791f1e15afc9ae7f45781.png

AA (step below AAA)
http://www.markit.com/cache/curves/b0fb7db3438f6c248f04c75487b.png

BBB (you get the idea)
http://www.markit.com/cache/curves/857f971c5e3a4d7b14c4e551dc1.png

Dave, its going to be epic ugly… mark my words to the market. You should really check out:

http://calculatedrisk.blogspot.com

Good blog put on by two mortgage industry insiders… the comment section is loaded with bears like me… so watch out Pay particular attention to the “Ubernerd” posts as they really shed light on what the homies on wall st. are doing.

You might find this interesting. TAR is still comparing this years figures to last years figures which would end up in making them worse not better.

The mortgage reset is going to be something to watch. I would like to point out this issue impact Real Estate, but is produced by the Mortgage Industry and lack of regulation by Uncle Sam.

Its pretty obvious, no? The TAR® wants to exclude any data that paints the market in its true colors. You do an excellent job reporting what your given (despite the fact that I whole heartedly disagree with your analysis 99% of the time).

Its so transparent and sad that the TAR® does things like this. Oh well… we still have about 250 billion dollars in mortgage resets nation wide in the next 6 months. We just went to the bottom of the fifth inning.