KRON4 News Interviews Glen for Bay Area Housing Segment
October 20, 2011 by Andy Kaufman · View Comments
MEBA team member (and resident housing analyst) Glen Bell was recently featured in a piece that KRON4 news did on the Bay Area housing market. Its always an adventure to see what makes it into the finished piece, but I think it came out pretty well.
To recap Glen’s points:
- Sellers aren’t getting the prices that they were getting several years ago & everybody is reluctant to take less.
- We’re looking at another 3-5 years where local housing markets are going to be relatively flat.
- Still, with prices coming down as far as they have, combined with historically low interest rates, it makes for one of the best buying opportunities that we’ve seen in a long time.
Andy’s in Las Vegas for the Better Homes and Gardens Real Estate Fusion Conference
February 9, 2011 by Andy Kaufman · View Comments
[video] East Bay Trustee Sale Auction Results Shows the REO Tide is Rising
June 2, 2010 by Andy Kaufman · View Comments
The dam might not be breaking, but it looks like someone is at least opening a relief valve.
The results from the Alameda and Contra Costa Trustee Sale auctions from the week of May24-28th are in and they show a dramatic increase in the number of properties being taken back by the lender. We also saw a rise in the amount of properties scheduled for auction and a drop in the percentage of those getting postponed.
Will this week’s results continue the trend? We’ll have to wait & see.
Anybody have any predictions?
Strategic Defaults Hit the Mainstream Conversation
May 10, 2010 by Andy Kaufman · View Comments
Last night 60 Minutes aired a report on Strategic Defaults and it definitely stirred up the conversation regarding the topic. Since home values are off 40-50% from their peak in parts of the East Bay, this is something that we’ve seen bubbling under the surface in the past few months and now it seems as if it’s about to hit the mainstream conversation.
In case you’re not familiar with the term…
A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments.
This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house’s price such that the debt owed is (considerably) greater than the value of the property — the property negative equity or “underwater” — and is expected to remain so for the foreseeable future, such as following the bursting of a real estate bubble. Such borrowers are called “walkaways.”
In case you missed it, here’s the segment:
Glen’s East Bay Housing Market Statistics for September ‘09
September 3, 2009 by Glen Bell · View Comments
- In some areas (San Pablo, Richmond, etc), the average sales price is exceeding the average list price.
- Inventory is the lowest I’ve seen since I started tracking inventory in July, 2005.
- Multiple offers are again the norm for well priced properties in desirable areas.
- REOs are becoming less of a factor, accounting for only 15% of the active listings, while accounting for 47% of the sales in the past 4 months.
Warren Buffet on CNBC… No Signs of Recovery Yet [Video]
June 24, 2009 by Andy Kaufman · View Comments
Big Ben Sees A Bottom in 2009
May 5, 2009 by Andy Kaufman · View Comments
In case you missed it, Federal Reserve Chairman Ben Bernanke was on CNBC this morning, testifying before the Congress’ Joint Economic Committee, where he stated the economy should grow again in later 2009
… & in case you’re wondering, Calculated Risk was busy fact checking his real estate assertions.
George Soros on Charlie Rose
April 14, 2008 by Andy Kaufman · View Comments
Caught George Soros on Charlie Rose the other night.
Whether you agree with him or not, it’s always interesting to hear what he has to say.
Foreclosure Lists, Housing Stats & A Short Video to Check Out
March 31, 2008 by Andy Kaufman · View Comments
Glen’s East Bay Housing Numbers
Download All the East Bay Foreclosure / REO Lists at Once (.zip file)
Entire Alameda County Single Family Foreclosure / REO List
Northern Alameda Residential Foreclosure / REO List
Southern Alameda Residential Foreclosure / REO List
Eastern Alameda Residential Foreclosure / REO List
Entire Contra Costa County Residential Foreclosure / REO List
Western Contra Costa Residential Foreclosure / REO List
Eastern Contra Costa Residential Foreclosure / REO List
Alameda Residential Income Foreclosure / REO List
Contra Costa Income Property Foreclosure / REO List
Oh yeah, while your at it, don’t forget to check out our active REO listings here. & the older lists archived over here
A Little FSJ to Get You Through Wednesday
January 23, 2008 by Andy Kaufman · View Comments
I know this isn’t real estate related, but this is freaking funny.
Last week at the Crunchies, Apple’s iPhone won the award for best gadget and they didn’t have anyone available to accept the award in person. Thankfully fake Steve Jobs was able to step in and accept the award on Apple’s behalf.
(Please note the language in the following video may offend some viewers.)
Equal Housing Opportunity. Equal Opportunity Employer.