What Does Shadow Inventory Mean? - 03/30/11 12:54 PM
A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve. Shadow inventory can create uncertainty about the best time to sell (for owners) and when a local market can expect full recovery. Also, shadow inventory typically causes reported data on housing inventory to understate the actual number of inventory in the market. … (1 comments)

Shadow Inventory of U.S. Homes Totals Nine-Month Supply - 03/30/11 12:40 PM
Current residential shadow inventory as of January 2011 declined to 1.8 million units, representing a nine months’ supply. This is down slightly from 2.0 million units, also a nine months’ supply, from a year ago.--Corelogic, March 30, 2011 … (0 comments)

Real estate: It's time to buy again - 03/29/11 01:28 PM
Two basic factors are laying the foundation for a dramatic recovery in residential real estate. The first is the historic drop in new construction. The second is a steep decline in prices, on the order of 30% nationwide since 2006, and as much as 55% in the hardest-hit markets. The story of this downturn has been an astonishing flight from the traditional American approach of buying new houses to an embrace of renting. But the new affordability will gradually lure Americans back to buying homes. And the return of the homeowner will start raising prices in many markets this year. -- … (1 comments)

NAR's Chief Economist Lawrence Yun - 03/24/11 07:56 PM
"Housing affordability conditions have been at record levels and the economy has been improving, but home sales are being constrained by the twin problems of unnecessarily tight credit, and a measurable level of contract cancellations from some appraisals not supporting prices negotiated between buyers and sellers. This tug and pull is causing a gradual but uneven recovery." … (1 comments)

Mortgage Market Minute, Friday Mar 18 - 03/18/11 12:20 PM
<!--[if !IE]>--><!--<![endif]--><!--[if !IE]>--><!--<![endif]--> … (0 comments)

Warren Buffett Sounds Off on Where the Economy is Headed - 03/07/11 11:43 AM
… (3 comments)

 
180661_185470464819227_3893965_n Rainmaker_large

Thomas Crate, CA DOC, NMLS #332624

Lake Arrowhead, CA

More about me…

Mountain West Financial

Address: 27236 Hwy. 189, Blue Jay, CA, 92317

Office Phone: (909) 336-7892

Cell Phone: (909) 744-0455

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog