This chart makes it clear – servicers are pushing for short sales, instead of foreclosure:
REO/Short-Sale Mix
by Jim the Realtor | Aug 6, 2010 | Market Conditions, Short Sales | 3 comments
by Jim the Realtor | Aug 6, 2010 | Market Conditions, Short Sales | 3 comments
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
SDSU assistant Chris Acker just made us aware on @JonAndJim that over 50 former Aztecs that played for Steve Fisher and Brian Dutcher will be at the Final Four on Saturday. What an incredible bond.
Because few people service a mortgage for all 30 years (they get divorced, refinance, move or die), mortgage rates are compared to the 10-Year Treasury Note.
While Treasury yields have fallen, mortgage rates are stuck in the mid-6% area.
Huge spread vs. 10-year = 304bps.
New post (Inventory Watch - Under $3,000,000) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/27/inventory-watch-under-3000000/
What’s PPSF, Jim?
Thanks. The amount some of those non-distressed numbers of sales are up is impressive.
ppsf = price per square foot
Vegas short sales increased 78.3%? Holy cow.
jinx – that vegas number isn’t staggering when you look at the DECREASE in REO. Jim’s point is valid that they are just shifting strategies, while the combined volume remains fairly stable/static on a macro basis.