Are bulk sales hurting housing? This topic has been debated by top Orange County realtors and listing agents across California for months now. The topic of bulk sales came into debate once again recently when the California Association of Realtors (C.A.R.) released a statement on the recent bulk sales transaction between Colony Capital and the United States Federal Housing Finance Agency (FHFA).
According to C.A.R.’s statement, FHFA’s recent California REO bulk sales are only going to continue to “prop up” Wall-Street while hurting California tax payers, real estate investors and even first time home buyers in California.
The Future Of The Real Estate Recovery In California 
According to LeFrancis Arnold, the president of C.A.R., the recent sale of over 400, foreclosed homes in the Los Angeles and Inland Empire areas will only end up holding back the California real estate market from moving on to the full recovery that realtors across California have been hopeful for all year long.
Who Is Right And Who Is Wrong?
C.A.R.’s perspective on bulk reo sales in California is nothing new and C.A.R. is leading the way in urging a change in FHFA leadership since the California Association of Realtors, like Orange County realtors and top California listing agents believe that there are more alternatives than bulk reo sales.
One of the biggest reasons why C.A.R. opposes California bulk sales is because, the Golden State has been experiencing a horrible shortage of housing, and bulk sales will only continue to squeeze the California real estate market.
The current lack of supply of homes in California has been making it harder for first time home buyers to buy affordable homes and forcing some home buyers to move farther away from their relatives or where they work due to home values that are are too high in choice areas. This has occurred due to multiple offers and increase competition for homes in parts of California like Los Angeles and Orange County. Sound familiar? While they are trying to prop up housing, it has once again fostered an environment where those are the bottom will be priced out of the market once again. We pray this time is does not lead to the exotic loans that collapsed our economy just 5 years ago.
To learn more about bulk REO sales in California contact the experienced team of top Orange County realtors at Fred Sed & Associates today by calling (949) 272-0125.
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