The mid-range market isn’t getting much help from defaulted properties – here’s a look at last month’s foreclosure notices sorted by home size and their estimated value:
by Jim the Realtor | Aug 30, 2013 | Foreclosure Count, Foreclosures | 2 comments
The mid-range market isn’t getting much help from defaulted properties – here’s a look at last month’s foreclosure notices sorted by home size and their estimated value:
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New post (Gift & Estate Tax) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/20/gift-estate-tax/
I cold called a storage facility in OK - older lady had 3 properties, full occupancy, and a great business.
She said "son I sold it all to some city slicker who paid me far more than its worth. I bought a condo in Santa Barbara and Im spending the rest of my days watching the⦠https://twitter.com/i/web/status/1637846196621553664
New post (Inventory Watch) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/20/inventory-watch-398/
Maybe banks will rush out distressed properties if they see a dip coming?
@Thaylor Harmor
Rather unlikely.
Banks can finance their inventory near 0% with the Fed. As long their other costs of holding on distressed properties are under control or they can stick the bill onto somebody else (stalled foreclosures), their total costs of carry are very low and likely to remain so for a few more years.
They have very little incentive to rush properties to the market.