California Lenders Took Back 22,324 Properties In April
Lenders added 22,324 properties to their real estate owned or “REO” inventory in April. Last month DataQuick reported that 38.4% of all home sales in California were from this REO inventory, equaling approximately9,432 properties. Based on those levels, lenders are increasing REO inventories 1.36 times faster than they areable to resell them. San Diego for sale by owner real estate
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It’s not looking good for many in the Inland Empire area. Just saw a co-workers house in Fontana that they purchased last year drop nearly 20% in the last few months….. appears they are about $100,000 upside down now? The next test will be the responsibility of those who are under water and if they stay the course…based on the current events, I suspect many will bail since a home is suppose to build wealth over time and many are not seeing much future in building negative wealth.
San Diego cosmetic surgery
The housing market is in balance, when you can buy your house with your income. Can you? There is still long way to go!
Brad
San Diego Clinical Trials
Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Ryan
Orange County California bail Bonds