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Local Real Estate new in Lodi, Ca - week ending 8/13/10

By Jack Mossman - The Nines Team at Keller Williams in Lodi

Real Estate Agent with The Nines Team at Keller Williams in Lodi BRE# 01390564

August 14, 2010 07:47 AM

This week in Lodi - Real Estate related news summaries 8/7/10 - 8/13/10

Aug 8 - Stockton Record - CLOSED listing real estate transaction for July 8-14 from information compiled from County records: Total sales: 99; Sellers identified as Banks or REO-type: 42 (top 3: Federal National Mortgage-7; Dept of Housing-3, Federal Home Loan Mortg-3, US Bank- 3; Aurora-2, Bank of NY-2,Deutsche Bank-2, First Franklin-2,JP Morgan Chase-2, ); New Homes: 2

Focus on Lodi: Total: 6; REO: 2; New: 0

Aug 12 - Washington, AP - "Home prices rise but may fall back" - reports that 2/3 of US housing markets show price increases attributed mostly to spring incentives. It continues that the boost faded shortly after the expiration of the tax credit late April.

Aug 13- Washington, AP - "Mortgage rates hit record low" - relates at 4.44 % 30-year fixed rate this week. The item further relates that the low rates are a weak stimulation to the lagging market. It observes that investors are shifting away from stocks into safer Treasury Bonds, which in turns drives bond yields lower.

All-in-all, this has been a slow news week in the San Joaquin County. The quiet before the storm?

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Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Hi Jack, Hopefully those mortgage rates hitting record lows will keep the market flowing smoothly. Only time will tell.

Aug 14, 2010 01:23 PM

Jack Mossman - The Nines Team at Keller Williams in Lodi

The Nines Team at Keller Williams in Lodi - Lodi, CA

The Nines Team in Lodi

Sandy - we can only hope - and we can hope too for consistent media information, there is enough to confuse the consumer without adding conflicting reporting. Thanks for stopping by.

Aug 14, 2010 01:29 PM

Matt Grohe

RE/MAX Concepts - Des Moines, IA

Serving the metro since 2003

Jack: That's a high percentage of REOs. We can't get that kind of breakdown here.

Aug 14, 2010 04:33 PM

Matt: Thanks for stopping by. I extract the data from the local paper which produces a list of addresses, sellers, buyers and price. It comes out on a semi-regular basis about a month behind current date. I then report on the data in a way that may be useful to agents in the community. The public too, then gets a chance to see the impact of foreclosures on the market. The news reports are a summary of the clipping taken from the local press on a daily basis....which I keep for 60 days. It is surprising the number of "turn-arounds" that happen in 2 months.

Aug 15, 2010 07:28 AM

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Jack Mossman - The Nines Team at Keller Williams in Lodi

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