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Posted by on Jul 31, 2012 in Bubbleinfo TV, Short Sales | 3 comments | Print Print

Short-Sale Listings In Decline

In spite of the exemption-of-taxation-on-debt-relief expiring at the end of 2012, new short-sale listings in San Diego County are dwindling:

Month # of New SS Listings Avg. LP $/sf
Jul 11
966
$195/sf
Jun 12
856
$191/sf
Jul 12
778
$195/sf

Apparently those in the position to consider short-selling:

1. Must not be aware of the looming deadline, or

2. Are thinking Congress will extend the period another couple of years, or

3. Are digging the free rent too much to care.

Hopefully those that do trickle out will be in better shape – like this one:

3 Comments

  1. I wonder if banks are betting on things changing after the election? If Wall Street is right then things might turn for the better and they’ll be a lot less of a need for Short sales.

  2. I’ll go with #3.

  3. #3, and the SS/REO pig is finally coming through the python.

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