February Sales

Sales are holding up, in spite of the lower inventories.

Detached sales from the MLS:

There was one additional business day in both January and February 2012.

4 Comments

Thaylor Harmor on March 10, 2012 at 8:05 pm

So basically we are now paying more for less house?
Bruce on March 10, 2012 at 10:10 pm

Hi Jim:

What Fed/State agencies are responsible to investigate/prosecute “short sale fraud” ?

Thanks
Jim the Realtor on March 10, 2012 at 10:42 pm

Defrauding a federally-insured bank is FBI jurisdiction:

http://www.fbi.gov/sandiego/contact-us/territory-jurisdiction
Bruce on March 10, 2012 at 10:52 pm

Thank you Jim:

Reason I asked the question is that a RE agent introduced me to a short sale and it smells fishy. I think he is trying to flip the property and I am the buyer who is going to pay higher price.

I despise unethical people.