A reader asked about the under-$500,000 market. While you might think it is red-hot, all buyers are picky these days - and sellers still have to get the price right. Our latest contest features an REO listing in RP that has yet to deserve an offer:...
From the P-E: Foreclosed homes that went to auction in Riverside the morning of April 25 were reserved for bidders who wanted to buy their first houses and had been qualified for financing that the County of San Bernardino offers through its Neighborhood Stabilization...
Barratt is the owner of the lot that's designated for the low-income house. The reason it's just sitting there is because they are in bankruptcy court, which has to wrap up sooner or later. Bank of America doesn't have anything to do with the lot being highlighted,...
Hat tip to JimG for leaving this comment yesterday: Really can’t say if this is a one day event or will be something more but LPS, who is a outsourcer of REOs for many banks just dropped 609 REOs in California today, all from Bank of America. Guess that means BAC has...
Here's a larger set of weekly pendings, hoping to quantify the impact of the state housing tax credit on detached sales in San Diego County. Number of New Detached Pendings April SD Co. '09/'10 NSDCC '09/'10 3-9 514/467 43/63 10-16 479/551 41/60 17-23 453/544 47/61...
These have an auction date scheduled over the next few weeks - demonstrating what you can expect from the foreclosure list. At the end of the video there's a mention of stats for the Carmel Valley to Carlsbad regional market. During the first four months of...
Here we are - the conditions in real estate market are as close to normal as they have been for a couple of years. The recent changes: 1. The Fed stopped buying MBS, and mortgage rates are on their own. 2. The federal and state housing-tax-credit offerings for...
Many realtors practice the "win-lose" way. They'll stand in the way of creating a win-win solution so all parties are satisfied, and instead bury the other party every chance they get. Take the dishwasher story for example. I mentioned earlier about the listing...
The California Appliance Rebate program began April 22, 2010. Three residential appliance categories were selected to be eligible to receive rebates: clothes washers (rebate $100), refrigerators (rebate $200), and room/window air conditioners (rebate $50). These...
