One of the biggest frustrations is that our MLS police, Sandicor, allows listing agents to leave their short-sale listings in the active category, even though they have an accepted offer. They are supposed to mark the secret box, "accepted offer, subject to lender...
Here are others: Town or Area Zip Code FRadar FR In MLS Net 'Shadow' MLS Act % Inventory Incr. PB/MB 92109 44 5 39 88 44% West RB 92127 133 27 106 204 52% East RB 92128 80 13 67 128 52% Rancho Pen 92129 144 21 123 69 181% Mira Mesa 92126 259 45 214 79 271% It'll be...
We're going to define 'shadow inventory' as anything on our list from foreclosure radar, which includes NODs, NOTSs, and REOs. There will probably be some homeowners who will find a way to cure their default, but there are probably just as many coming right behind...
DR left this comment this morning: "We recently wanted to put an offer in on a "short sale" home we had been hoping would go up for sale. We had been watching for this home for two years. (The home has not been approved for short sale yet.) The real estate agent...
This sold for $280,000 in May 2005, and 10 months later it sold again for $366,500. Today? $118,900! 68% off!
From the Associated Press WASHINGTON -- Rates on 30-year mortgages dipped this week after rising a week earlier and remain just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82% this...
Scott emailed that he saw a property in North Park yesterday that had 52 offers on it. Bidding wars will be more common, as prices get more reasonable. Sellers who need to sell must list at an attractive price. The internet provides instant mass exposure, and - boom...
A hearty thank you to Vicki Mabrey, Matt Stuart, and the ABC News staff for last night's spot! I thought it was a courageous move by them in this environment to feature anything positive about realtors. Hopefully it'll motivate other media outlets to keep reporting...
I haven't seen the Nightline show tonight, but I shot my own version while they were here last week for a day and a half. The TV crew followed while I was showing buyers some potential investment properties to buy in Oceanside, and we were looking for fixers. We found...
For those of you who joined us as a result of today's Good Morning America, welcome! You're joining a serious group discussion on real estate, interspersed with some raw videos taken along the way. Their intent is to help document the current state of affairs by...
