real estate markets: Glen's Numbers June 30th, 2008 - 07/04/08 10:57 AM
There's 2 things that stand out; 1) we're seeing some improvement and 2) the influence that REO's have had in our markets.
I usually speak about the relationship between actives and pendings as being an indication of markets, just as months supply and median price comparisons give us a clue to better understand real estate on a local basis.
Pendings hit an all time low last fall in most areas. Surprisingly they have rebounded since the beginning of the year to their highest levels since I've been tracking them, (July 2005). Why the rebound?
1) Investors looking for bargains, positive … (0 comments)
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real estate markets: Glen's East Bay Market Trends - 05/15/07 06:16 PM
We, as real estate agents, have access to the MLS, and are able to extract up to the minute information to give us a better clue as to what's really happening in your neighborhoods.
However, these bits of information that we are able to pull are only snapshots. Tracking these numbers over time gives us the ability to spot trends. These trends may be subject to our interpretation, but they do give us an up to date insight on a market so that we are able to make a more well informed real estate decision
How many homes are for sale in your … (0 comments)
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