That’s 6 straight months of inventory dropping and pending sale increases. This is the lowest inventory for the 38 Cities I track in the San Francisco East Bay since early 2005. We’re seeing buyers coming back into the market... Continue Reading »
Finally some good news coming out of the housing market. From CNN Money New home sales: ‘Really good news’ The Wall Street Journal Home Prices Rise Across U.S. NPR’s All Things Considered Housing Market Shows... Continue Reading »
From my home state of Wisconsin… Rodney Lass figured his days as a homeowner were over when he was hit with a foreclosure judgment more than a year ago. He stopped rehabbing his two-story Bay View home and moved on. But... Continue Reading »
From: How Often Do Loan Mods Fail ? | The Big Picture.
Here’s the latest East Bay Numbers. REO inventory is being depleted without replenishment, more buyers and investors are coming into the market, and escrows are now taking longer due in part to appraisal changes, underwriting... Continue Reading »
Looks like more of the same. Inventories dropping, pendings have gone up, months supply is dropping. I think we’re seeing a trend over the last 3 months, REOs are less of a factor in listings, while short sales have increased.... Continue Reading »
The California Association of Realtors’ housing forecast now calls for a 28.4% drop in the median price of a California house. That compares to a projected drop of just 6% originally expected when the association first unveiled... Continue Reading »
Zillow COO Spencer Rascoff was on CNBC this morning talking about the shadow inventory and the negative equity situations that are looming over the market as it tries to stabilize itself. Internally, we’ve been discussing... Continue Reading »
Local markets have been in transition for sometime in regards to REO inventory. However, it was a surprise to us on just how quickly the San Francisco East Bay market has changed in the last 30 days. Are we seeing the first signs... Continue Reading »
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