Housing "Recovery" Endgame Escalates

there is no need for deep analysis..all one need to do is to look for amount of homes for sale in his area. in my zip-it's all time high(> than 2007-09 levels). if things are great(as US gvt telling us) why everyone is selling in my neighborhood?
 
Quote from Bob111:

there is no need for deep analysis..all one need to do is to look for amount of homes for sale in his area. in my zip-it's all time high(> than 2007-09 levels). if things are great(as US gvt telling us) why everyone is selling in my neighborhood?
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I think this is the shadow inventory coming to the light.
 
the current trends are:
1) prime real estate in prime locations are selling great. i've heard prices rise 5-10% a year with some of these.

2) avg/poor RE in shitty locations : nobody wants that crap. middle class/poor people have less and less $ and cannot afford even cheap homes.

as far as i know, these trends are worldwide.
London? Singapore? Manhattan, San Francisco? All these areas are doing very well.
 
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