California Foreclosure Activity Rises in First Quarter
By: barbaraamstadter On: May 8th, 2010
In: Buyers, Sellers, foreclosures, real estate,
California Foreclosure activity has risen in the first quarter of 2010. California, thus, maintains its status as the nation’s foreclosure leader for the 16th consecutive quarter. There had been a 17% decline in the number of foreclosures in the third and fourth quarters of 2009, but the numbers began moving up again in the first quarter of 2010.
Are we headed for a new real estate decline? The rise in foreclosures coupled with the end of the first-time homeowners tax credit may see a waning demand for homes. This could lead to another softening of prices.
Sellers-Keep your homes on the market!
By: barbaraamstadter On: December 20th, 2009
In: uncategorized,
Sellers-the amount of buyer traffic right now through homes is the most I have seen in 23 years. The buyers are determining that now is the right time to buy. When you look at the combination of rock-bottom prices and historically low interest rates, the buyers are recognizing this opportunity is short-lived. Food for thought for both buyers and sellers, Do you think the interest rates we are now enjoying are true rates or incentive rates? They are incentive rates to encourage the purchase of homes. The prediction is Mortgage rates will rise in the first quarter of 2010, because of the weak dollar. It is the old saying “you know what you have, but you don’t know what you’ll get.” Keep your home on the market.
How do you know when you've reached bottom?
By: barbaraamstadter On: October 20th, 2008
In: uncategorized,
There is really only one way to know when the real estate market has bottomed out. It is when prices begin to inch their way up, more homes sell in shorter time periods and you look back and realize you missed out on that last great deal, because now you are climbing a new hill. Don’t be afraid to buy now. If people like Donald Trump and Warren Buffett are buying, it should tell us all something. Unless you have more money than they have, you might consider their strategies. Any questions, I would love to answer them for you.
