ca: Buyers Market is back in California!!!
- 05/27/08 07:09 PM
THE BUYERS MARKET IS HERE, LETS OPEN ESCROW!!! The buyers market is finally here!!! According to the March 2008 “Housing Market Indicators” published by the Federal Home Loan Mortgage Corp, the inventory of unsold homes in California was 11.6 months, almost a full year. This is a 52.6% increase from a year ago levels of just 7.6 months. This large increase in inventory has helped many first time home buyers to now afford to buy. For example, a condo in Tarzana, Ca that rents for about $1400 per month can now be purchased for around $200,000. If you have a down-payment … (2 comments)
ca: Are short sales getting approved?
- 02/20/08 08:23 AM
There are many short sale listings on the MLS. However, many of escrows are not closing for several reasons. What are some of the situations which lenders are approving the transaction? Are some lenders quicker to respond? Are some lenders approving more short sales than others? This Blog is a place where agents and brokers can share their experiences so that we can get more transactions approved. … (2 comments)
THE BUYERS MARKET IS HERE, LETS OPEN ESCROW!!!
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