Sales are holding up, in spite of the lower inventories.
Detached sales from the MLS:
Area | Feb. Sales | Feb. Avg $/sf | Jan+Feb New Listings |
SDCo.2011 | |||
SDCo.2012 | |||
%chg. | |||
NSDCC ’11 | |||
NSDCC ’12 | |||
%chg. |
There was one additional business day in both January and February 2012.
So basically we are now paying more for less house?
Hi Jim:
What Fed/State agencies are responsible to investigate/prosecute “short sale fraud” ?
Thanks
Defrauding a federally-insured bank is FBI jurisdiction:
http://www.fbi.gov/sandiego/contact-us/territory-jurisdiction
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.