I ate lunch with a coworker who informed me that the powers that be at my last job have decided to ax my baby, Property Lines. I kind of feel sad about that, but I’m happy I still have this up as part of my online portfolio. Sorry, I will write more starting Monday, the [...]
Filed under: Uncategorized | 1 Comment »
DataQuick numbers are out and man, is the Bay Area becoming more affordable. I’m almost gleeful! “The dramatic, near free-fall in the Bay Area’s median sale price in recent months stems mainly from the shift toward more sales occurring in lower-cost inland markets. At the same time, the role of foreclosures continued to grow across [...]
Filed under: House Hunt, The Market | Tagged: alameda, bay area, contra costa, dataquick, home prices, home sales, MDA, Solano | Leave a Comment »
The Los Angeles Times wrote about Angelica Maciel, a young woman who was “priced out” of Santa Ana, an Orange County enclave, but finally bought a little two-bedroom bungalow for $270,000 — or the price of a condo. There’s still plenty of suffering, and more on the horizon. An additional 261 Santa Ana houses went [...]
Filed under: Foreclosure Fever, The Market | Tagged: Antioch, brentwood, dataquick, Hayward, Orange County, Santa Ana | Leave a Comment »
Why are there so many REOs out there? One of the big reasons is the lack of banks willing to loan for less than 20 percent down. What does that mean for a prospective buyer? Easy. Lower your expectations. According to Prashant Gopal at BusinessWeek: . . . in most parts of the country $500,000 has [...]
Filed under: Mortgage Mania, The Market | Tagged: 20 percent, BusinessWeek, down payment, economic stimulus, Gopal, loan, mortgage | 2 Comments »
Seriously, buying an REO is a pain. Much more than I remember ever experiencing during my months buying a tract home. It’s inspections, inspections, inspections, constant bitching by the asset manager — there’s far more to tell you and I will….except I can’t do it all until it’s all over. So stay in touch!
Filed under: Finding My Dream House, House Hunt | Tagged: asset manager, inspections, REO | 2 Comments »
Biz Journal Says Obama Won Big in Foreclosure Capitals Places like Orlando, Fla., Green Bay, Wisc., San Diego and Reno, Nev., are why Obama won Tuesday night. Hmmm, so places where there’s little hope and economic depression want change? How odd! Redfin Switches Gears to Be a Real, Live Brokerage . . . In This Market?!? Redfin decides [...]
Filed under: The Market | Tagged: foreclosure, HouseValues, McGuire, Motley Fool, Move.com, Obama, Redfin, Tree.com, Urban Bay Properties, ZipRealty | Leave a Comment »
