a san clemente real estate agent: Sales are Up
- 11/13/09 08:09 AM
Sales are Up
I run my statistic from the Multiple Listing Service and I run them periodically to find out what is happening in our area. Here are the results of the run I did today as compared to previous runs.
Listing for sale total for Orange County California 7,712. One year ago we had 12,749 so we have 40 percent fewer properties on the market now than then. At the markets highest inventory point August of 2007 we had 17,888 listings for sale and we have 60 percent fewer listing. Properties in escrow (under contract) 6,798 properties. One year ago … (0 comments)
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a san clemente real estate agent: FHA Trouble
- 11/13/09 07:58 AM
FHA in Trouble
HUD made an announcement that FHA reserves are short and not what the suspected and that means trouble. FHA projected they would have 15 billion in reserves and they only have 3 billion in reserves they are in trouble financially. That means they cannot go below 3 billion so they have to draw on other reserves that we set aside for potential losses. This means that the new subprime is in the FHA or federal lending and we know what kind of trouble that caused. It is the first sign that we are headed down the same path that … (1 comments)
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Sales are Up 
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