More and more is coming out about the U.S. government trial project to sell large pools of single-family homes that Fannie Mae currently owns. The pilot program will be offering 2,500, if successful Freddie & Fannie have more than 200,000 foreclosed homes they could release. What is a concern are the reports that these pools have a potentially discounted to 20% to 40% prevailing market prices. This could really have an adverse effect to the local real estate prices thus prolonging the recovery.
A side bar, doesn’t this actually move the real property assets to the top 1%? Would it be better to release these homes in a controlled manner making them available to all buyers?
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation…Short Sale
| Monthend Numbers | |||||||||||||
| Feb | Jan '12 | Dec | Nov | Oct | Sep | Aug | July | June | May | Apr | Mar | Feb | |
| Listed | 561 | 601 | 599 | 732 | 797 | 813 | 679 | 631 | 646 | 620 | 561 | 690 | 443 |
| Pending | 495 | 581 | 522 | 572 | 568 | 585 | 542 | 468 | 502 | 518 | 487 | 504 | 414 |
| Sold | 308 | 416 | 476 | 467 | 557 | 545 | 413 | 369 | 392 | 374 | 384 | 389 | 299 |
| % CHG Month over Month | |||||||||||||
| Listed | -7.1% | 0.3% | -22.2% | -8.9% | -2.0% | 16.5% | 7.1% | -2.4% | 4.0% | 9.5% | -23.0% | 35.8% | |
| Pending | -17.4% | 10.2% | -9.6% | 0.7% | -3.0% | 7.4% | 13.7% | -7.3% | -3.2% | 6.0% | -3.5% | 17.9% | |
| Sold | -35.1% | -14.4% | 1.9% | -19.3% | 2.2% | 24.2% | 10.7% | -6.2% | 4.6% | -2.7% | -1.3% | 23.1% | |
| % CHG Current Month over Same Month Last Year | |||||||||||||
| Listed | 21.0% | 8.5% | 7.3% | 20.9% | 32.1% | 21.0% | -1.9% | -7.0% | -2.0% | -0.6% | -27.6% | -6.1% | -57.3% |
| Pending | 16.4% | 32.5% | 23.0% | 27.3% | 32.7% | 9.4% | 8.3% | -1.5% | -15.3% | 5.4% | -43.3% | -34.3% | -50.5% |
| Sold | 2.9% | 28.6% | 11.3% | 25.5% | 38.8% | 10.8% | 9.0% | -11.7% | -19.6% | -11.5% | 14.8% | -31.6% | -21.1% |
Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas. Homes For Sale
| Month to Date and Projected Opened Escrows* | |||
| Total Active | 1,286 | ||
| Total Active Core Area | 913 | ||
| Total Active REO's | 159 | ||
| Total Short Sale | 357 | ||
| Pending MTD/Projected | 325 | 480 | |
| Sold MTD/Projected | 233 | 344 | |
| Percent Sold Over List Price | 40.77% | ||
| Sold Last Month / % of Difference | 308 | 11.67% | |
| Last Year Month / % of Difference | 389 | -11.58% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 17.42% | ||
| Short Sale % of TTL | 39.10% | ||
| REO+SS % of TTL | 56.52% | ||
| Traditional Sale % of TTL | 43.48% |
Absorption Rate*
Current Month 4.0 Months
At Last Months Rate 5.5 Months
Historical High Active Listing - 5300+ Mid 2007 - Within the last 3 years our Low Active Listing were under 700 in Nov '09
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/. Or Keller Williams Realty AV
Janet O'Brian is a Certified Short Sales Specialist by the National Association of Realtors® (SFR) and is ready to help you with your situation Short sale Help. She can Stop Foreclosures Now!
(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
Keller Williams Realty AV Ranked #1 in the Antelope Valley 661.733.0508 to list your home.
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