We saw how pricing was lower with short-sales vs. non-short-sales, but how many short sales are there in North SD County's Coastal region? Either way (including the closed sales from the last three months or not), short sales are making up around 15% of the overall...
He mentions the inventory shortage as a cause, but buyers' internet efficiency is playing a role too - they are able to carefully track the good buys, and act promptly. From Nick at the wsj.com: A shortage of inventory is having a dramatic effect on home sales in...
An excerpt on housing from the latest UCLA Anderson Forecast: In his September forecast, UCLA Anderson Forecast Senior Economist David Shulman labels current conditions in the United States as “the muddle-through economy,” noting that the economy continues to limp...
BofA conducted a realtor seminar today on REOs and short sales. Some of the highlights: 1. Short sales average three buyers per closing (average two fallouts before the third one sticks). 2. 18% of short sales have some elements of fraud. 3. They forgive...
This chart makes it looks like foreclosures are on the rise lately, but don't be too impressed - these monthly foreclosure counts are half of what they were two years ago. There are still 10,504 properties on the NOD and NOT lists in San Diego County, and of the 193...
From HW: Borrowers will likely stay current on their mortgage after a principal write-down whether they share future equity returns with the bank or not, according to new shared appreciation program data. Select borrowers can receive a principal reduction from Ocwen...
You keep hearing that banks and servicers have changed course, and are pushing defaulters to short sale, rather than face foreclosure. It's been backed with the common belief that short sales cost less for the lender, and save the borrowers' credit. Does the new...
If you are gearing up for some exterior improvements or renovations, it is worth a trip to KRC Rock to get familiar with the different materials and ideas available:
Artemesia is a seven bedroom/seven bath, 13,290sf Craftsman built in 1913 on 1.8 acres in the Hollywood Hills. It features six Batchelder-tile fireplaces, hand-blown art glass panels, a unique english arts and crafts interior, nearly 2 acres of wooded grounds with...
