affordable home prices: Data Pull Shockler
- 11/25/08 09:27 AM
So if you go to realquest.com you can type in a zip code or city - and find the number of "Notices of Default", Notices of Trustee Sales" and REOs". So I did that for 6 cities or a combination of cities, coming up with a total of NODs, NOTs & REOs. Next I found the current populations of those cities and divided that number by 4 (guessing a family of 4 - average per house). Next I divided the 1/4 population by the foreclosure total - coming up with ranges of 10 to 15%. Did I do that right? The percentages … (0 comments)
affordable home prices: Moreno Valley, California market conditions as of 9/24/2008
- 09/24/08 08:36 AM
Home prices are down 50% between August 2007 and August 2008. Over 2 years prices are down between 50% and 60% - with a $200,000 loss of value per house not unusual. About 60% of single family homes for sale now are priced under $200,000 In February 2006 50% of the listings were priced over $400,000 A very small number of Moreno Valley, CA homes were built before 1980; we have good functional homes - nice neighborhoods - lots of new shopping and very affordable prices for Southern California. Market conditons are starting to improve; as buyers return. Beverly Bayer … (0 comments)
So if you go to realquest.com you can type in a zip code or city - and find the number of "Notices of Default", Notices of Trustee Sales" and REOs". So I did that for 6 cities or a combination of cities, coming up with a total of NODs, NOTs & REOs.;)
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