Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys. The Wall Street Journal reports: “From the very beginning, we’ve thought of this as eventually becoming a public company,” says Justin Chang, [...]
Continue reading...
Notices of Trustee Sales and Notices of Default fell dramatically from March to April as our shadow inventory recedes further into the darkness. Reduced foreclosure activity this Spring means there will be even fewer REOs for sale this upcoming Fall and Winter. Foreclosure Radar reports: California Foreclosure Activity: Alameda County Foreclosure Activity: Contra Costa County [...]
Continue reading...
The giant wave of backlogged foreclosures that is supposed to crush the housing market still isn’t coming. And while logic may dictate that the tsunami is inevitable, it’s time to recognize that there is nothing logical about our current real estate market. The free-market lost. The puppet-masters have won. Our shadow inventory is going to [...]
Continue reading...
As foreclosures have continued to slow in the Bay Area and around the country, short sales are making up a larger percentage of the homes sold each month. This trend is expected to continue, which isn’t a positive sign for home prices. DQ News reports on March Bay Area home sales: Last month distressed property [...]
Continue reading...
Our shadow inventory is officially going to stay in the shadows for the rest of 2012. RealtyTrac is reporting that Q1′s foreclosure activity was the lowest since 2007. RealtyTrac reports: IRVINE, Calif. – April 12, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for the first [...]
Continue reading...
May 24, 2012
4 Comments