Foreclosures & Short Sales

This category contains 29 posts

What Kind of Market is THIS

Multiple offers, oh my!  No contingencies, oh my!  As long as you aren’t in Berkeley, Albany or Oakland, then it might be considered normal.  Normal is defined as a market where buyers and sellers have equal bargaining power.  Yah right, not here!  But all joking aside, even in these very competitive markets we are starting […]

Prices comparing 2007 to 2016 are up, and down

Seven out of ten of the Bay Area counties have surpassed 2007 prices.  I am so surprised.  Surprised, I tell ya!  And here I thought that all counties had surpassed 2007 prices.  But I was wrong. Why do we compare today to 2007?  2007 was the height of the real estate cycle (Note: real estate […]

Bay Area Median Sales Price

According to DataQuick the median price paid for a home in California last month was $299,000, the highest since it was $301,000 in August 2008. Last month’s median was up 2.7 percent from $291,000 in November and up 21.5 percent from $246,000 in December 2011. December was the 10th consecutive month in which the state’s […]

Sean O’toole’s California Forecast for 2013

Interesting article from www.foreclosuretruth.com http://www.foreclosuretruth.com/blog/sean/california-forecast-for-2013-more-of-the-same-save-the-black-swan/#comments I actually agree with most of this article, with my key thoughts being: In our neck of the woods trustee sale investors (think large suitcases full of cash on the courthouse steps) are seeing more competition but still finding amazing deals.  Most are not banking on large ROI’s anymore, just […]

Overdue Mortgages Number 6+million

According to DSNews.com and Lender Processing Services (LPS), by the end of January there were 6,082,000 mortgages in the U.S. going unpaid.  That tally includes loans that are 30 or more days delinquent and loans in foreclosure. The national mortgage delinquency rate as of January month-end was 7.97 percent.  The delinquency rate registered a decline, […]

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