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Home : Blogs : John Glover : John Glover's Blog

Tracy California Real Estate Update

Tracy Homes Listed For Sale - 921

Tracy Homes in escrow since April 1, 2008 - 84

Tracy Homes sold since April 1, 2008 - 25

Tracy homes owned by banks - 1119

Source: Metrolist Services, Inc. and RealtyTrac.com

Inventory levels for the week remain level while homes in escrow and homes sold show an increase. This is further evidence that buyers are coming out and making offers at current pricing levels. With FHA mortgage rates around 5 3/4%, now is a great time for long term buyers to get into a great home at the lowest prices in years.

Posted by John Glover on 04/11/2008 01:08 PM

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What is a Short Sale?

John Glover (John Glover, Broker)

A short sale in real estate occurs when a property is sold and transfered for less than the total obligations (mortgages) against the property. Short sales allow a homeowner to avoid a foreclosure, but may expose the homeowner to tax consequences…

Tracy California Real Estate Market Update

John Glover (John Glover, Broker)

Tracy Homes Listed For Sale - 918 Tracy Homes in escrow since April 1, 2008 - 48 Tracy Homes sold since April 1, 2008 - 12 Tracy homes owned by banks - 1103 Source: Metrolist Services, Inc. and RealtyTrac. com A significant increase in new escrows…

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John Glover

Manteca, CA

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John Glover, Broker

Office Phone: (209) 815-2606

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