Wade Ellis's (wadegene) Blog

Just like the single family market,the median sales price for condos went up in September as well to $105,500. Thats up 11% from last months $94,600 median price and up 3% from last September. As some foreclosures are being taken off the market temporarily, buyers are forced to look at more tradi...

The total number of sales for September dropped from 1193 in August to 1102 in September 2010. Thats also 17% less then September of 2009 in which we sold 1321 homes. This probably isn't necessarily a bad thing considering we have less inventory than last year at this time. In fact we are on trac...

As Jp Morgan, Bank of America and GMAC freeze foreclosures, many homeowners are still looking for help. The first option is usually a loan modification, however most homeowners do not get enough help to make a difference in their hardship. Other attempts at modification get delayed by requests fo...

The government has implemented a new short sale program that will help homeowners gracefully exit their home by giving them incentives to sell. Incentives include no future liability of the first mortgage which means no cash contribution or promissory note. There is also a $1,500 which goes to th...

In a market flooded with condo inventory, many investors and 2nd home buyers are having a hard time figuring out what community will have future value, solid rental income or just a nice place to live with a good price point and reasonable HOA fees. The Lennar built community of Matera offers all...