sdr I know the “guy” you are talking about. He has a new and improved policy where you email everything in and he says he will get back to you in a day. I just sent an offer into him and guess what, 3 days and no response. Also if you look at his success rate of actual solds verses how many of those listings expire or get cancelled it is pretty weak.
One thing that all buyers should know when working with short sales is that ALOT depends on the listing agent.
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Back to the main thread, as adverserial as we are, most of our threads are actually in the same vein. Your spring prediction was golden. I have been saying for years, yes literally years that my biggest fear of this depreciation cycle was the lengths that our government would go to suppress it. Some of those measures have been overt and direct, while others have been more indirect. This behavior will continue and perhaps increase.
I do believe that we need substantial catalysts to help buyers out and I just don’t see them in the short run. My hope is/was the inventory, hopefully an imminent burst in foreclosures, and at some point it will shift to interest rate hikes. I agree we will see them start to run up but I don’t think they will be the monster hikes. IMO those will not happen for awhile yet. I am not a bond market expert though so I don’t know.
