The number of completed short sales has dropped this year, and the agents who specialized in them are scrambling around trying to figure out how to be regular realtors. Hopefully the short-sale business will conclude when the debt-tax exemption expires again on...
Month: June 2013
Rental Scam
This is the second time someone has taken my photos and placed rental ads hoping to dupe tenant prospects into sending $1,000 by FedEx with the promise of sending keys later.
Rising Rates To Fuel Market?
From the latimes.com: Mortgage rates have risen half a percentage point since setting record lows last fall, and many economists expect them to continue rising for the foreseeable future. The increase, a reaction to the improving economy and housing markets, could...
Baja Bongo
They are asking $1,125,000 for 2,180sf:
NSDCC May Sales
There was a +10% Y-O-Y pop in May's sales and average cost-per-sf: NSDCC Detached-Home Sales, May: Year #Sales Avg. $/sf Avg. DOM 2010 249 $388/sf 65 2011 243 $383/sf 69 2012 288 $380/sf 70 2013 319 $419/sf 40 If the pricing starts to level off, the Y-O-Y differences...
More on the GSE Shadow Inventory
Remember this from September? The use of third parties to help Fannie Mae sell its REO properties is coming to an end. Fannie Mae notified remaining vendors that the government-sponsored enterprise will transition all REO sales work completely to Fannie Mae's in-house...