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reo: 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)

reo: Another SF Bay Area REO Surprise! - 02/21/08 12:45 PM
As a follow-up to last month's REO surprise, "that one out of every five listings in the SF Bay Area is REO, Bank Owned Properties," we asked ourselves another question.
What is really influencing housing inventory and pricing in the SF Bay Area?
We've always heard that new construction has been the main culprit with overbuilding leading to a glut of houses for sale. All that new housing located along highway 4, Antioch, Brentwood, Pittsburg, Oakley seems to have led the way. After all, those areas are seeing between a 15 to 25% drop from last year's prices. (Median prices compared on … (1 comments)

reo: SF East Bay Housing Statisitics & REO Surprise - 01/18/08 07:17 PM
It seems that every day now, we see more and more properties for sale that are listed as REO (Bank Owned Foreclosures), and/or Short Sales.
Our team, has always run numbers as a means to better understand our markets. We researched the EBRD multiple listings service, following a conversation that we had last night. We were not surprised as to which cities had a higher percentage of REOs.
However, we did not expect the number for the entire San Francisco East Bay area to be this high, 21%. That means that roughly one in five houses that are for sale, are Bank Owned … (1 comments)

 

Glen Bell

El Cerrito, CA

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Better Homes & Gardens, Mason McDuffie

Address: 2095 Rose St, Suite 100, Berkeley, Ca, 94709

Office Phone: (510) 868-1494

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Bay Area Jazz Lines, an unusual and informative mix of San Francisco Bay Area Real Estate and Jazz.


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