I’m sure I don’t need to tell you that REOs are very hot at the moment. As savvy buyers and investors are actively looking for great real estate deals, bank owned properties are practically flying off the shelf with multiple offers. If you’re an agent trying to break into the lucrative REO market, or even [...]
According to a post today by the National Association of Realtors (NAR), for the first time in five years, existing-home sales have increased for four months in a row; monthly increase is the largest in 23 years. Existing home sales rose 7.2 % to a seasonally adjusted annual rate of 5.24 million units in July [...]
Interesting article in the Wall Street Journal about it. Read It Here
This CNN article is not good news for those of us in the real estate industry. In it Karen Weaver from Deutsche Bank estimates that home prices in the US will fall another 14% causing 48% of homeowners to be upside down on their mortgage. What?? I thought we were bottoming out? Anyone have any [...]
