Dec 21, 2009 | No Comments | Sean Mills
Many of you that search or browse housing listings know what the MLS is. This is the Multiple Listing Service provided to realtors and those affiliated with real estate branches. In the past, the MLS might have been an excellent snapshot of market inventory. Many sites like Redfin and ZipRealty provide consumers excellent data for [...]
Many of you that search or browse housing listings know what the MLS is. This is the Multiple Listing Service provided to realtors and those affiliated with real estate branches. In the past, the MLS might have been an excellent snapshot of market inventory. Many sites like Redfin and ZipRealty provide consumers excellent data for browsing inventory but they do not cover every city in the country. For the most part, home buyers and sellers buy antibiotics online have never been so educated on market dynamics. Then how in the world did this housing bubble happen with so much information? How was it possible to inflate the California market with Alt-A and option ARM products when so much data was available?
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Dec 21, 2009 | No Comments | Sean Mills
A ’shadow’ inventory of properties close to foreclosure or seized but not yet for sale has been growing.
A supply of 1.7 million homes headed for sale because of foreclosure or delinquency looms over the nation’s housing market, which could dampen progress toward recovery should the Obama administration fail in its efforts to aid struggling homeowners, [...]
A ’shadow’ inventory of properties close to foreclosure or seized but not yet for sale has been growing.
A supply of 1.7 million homes headed for sale because of foreclosure or delinquency looms over the nation’s housing market, which could dampen progress toward recovery should the Obama administration fail in its efforts to aid struggling homeowners, researchers said.
A variety of measures to keep discounted bank-owned properties off the market — including moratoriums on foreclosures by major lenders and federal initiatives aimed at keeping people in their homes with mortgage payments they can afford — has helped increase a backlog of so-called shadow inventory 55% in the year ended Sept. 30, according to a report released Thursday by First American CoreLogic, a Santa Ana-based real estate research firm.
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