Mission Hills Wrap-up

by | May 22, 2011 | Bubbleinfo TV, REOs for sale | 9 comments

Two offers are in, both over list price. Never mind those holes!

9 Comments

  2. College Joe
    College Joe on May 22, 2011 at 11:11 pm

    “Five years after the housing market started teetering, economists now worry that the rise in lender-owned homes could create another vicious circle, in which the growing inventory of distressed property further depresses home values and leads to even more distressed sales. With the spring home-selling season under way, real estate prices have been declining across the country in recent months.

    “It remains a heavy weight on the banking system,” said Mark Zandi, the chief economist of Moody’s Analytics. “Housing prices are falling, and they are going to fall some more.”

    Doom & Gloom.

  3. Jim the Realtor
    Jim the Realtor on May 23, 2011 at 5:33 am

    If he is so sure, tell him to put a number on it. He can’t, so he won’t. He just keeps the negativity flowing, because it makes him a popular guy with reporters.

    Is he selling a book yet?

    Repeat after me:

    REOs sell for retail…
    REOs sell for retail…

  4. shadash
    shadash on May 23, 2011 at 7:21 am

    List low and the sales a go. Let buyers bid up the price.

    If banks weren’t floated by our tax dollars there would be houses like this selling all over the place.

    At least change is starting to happen.

    Once the fed starts pushing up interest rates prices are going to fall even more.

  5. James
    James on May 23, 2011 at 10:58 am

    Trusting anything Zandi and his cronies at Moody’s says is like saying the winner of Celebrity Apprentice will cure cancer.
    Moodys ratings were terrible during the boom and just as ad during the bust.

  6. Joe Schmoe
    Joe Schmoe on May 23, 2011 at 11:01 am

    I just don’t understand Mission Hills. I rent a house within a half mile of this listing. The neighborhood is nice, but the houses are small, the lots are small and the public schools aren’t great.

    I know it’s close to downtown and the hospitals and the houses are ‘charming’…

  7. College joe
    College joe on May 23, 2011 at 11:54 am

    Which is why I called BS…because I read this blog.

    Thanks for showing hhe other side, Jim. How do the decide what REOs to give you? Loved the video of the woman talking about the loans, she sounds like she knows what she’s doing!

  8. Petra
    Petra on May 23, 2011 at 11:58 am

    Great area! I love Mission Hills. That house is located in a real quite area of MH too. Is that one a good one for a 203k?

  9. Booty Juice
    Booty Juice on May 23, 2011 at 12:31 pm

    Nice work. I’m guessing it’ll close for right near your BPO.

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