Data quick shows 21.9% increase in So.Cal April Sales

[HereWeGo]

I don’t know, this seems like a great opportunity for investors to buy distressed, unoccupied properties, renovate those properties, and then, most important of all, put them on the rental market. En masse, preferably.

[ltokuda]

The OC Register has some information which shows what’s going on.

Banks are offering about 20% less than last year for foreclosed properties:

http://mortgage.freedomblogging.com/2008/05/13/banks-offer-20-off-foreclosed-homes-in-oc/

Lower priced homes are experiencing the most distress:

http://mortgage.freedomblogging.com/2008/05/19/supply-of-oc-distress-homes-for-sale-up-again/

Lower priced homes are seeing the most buying activity:

http://lansner.freedomblogging.com/2008/05/19/where-did-aprils-surge-in-home-sales-come-from/

Lower priced homes are seeing the shortest market time:

http://lansner.freedomblogging.com/2008/05/19/cheap-home-rush-cuts-oc-supply-under-6-months/

So the basic story is that people are buying where the discounts are. In markets where there aren’t as many discounts, there isn’t as much buying.

[ltokuda]

The OC Register has some information which shows what’s going on.

Banks are offering about 20% less than last year for foreclosed properties:

http://mortgage.freedomblogging.com/2008/05/13/banks-offer-20-off-foreclosed-homes-in-oc/

Lower priced homes are experiencing the most distress:

http://mortgage.freedomblogging.com/2008/05/19/supply-of-oc-distress-homes-for-sale-up-again/

Lower priced homes are seeing the most buying activity:

http://lansner.freedomblogging.com/2008/05/19/where-did-aprils-surge-in-home-sales-come-from/

Lower priced homes are seeing the shortest market time:

http://lansner.freedomblogging.com/2008/05/19/cheap-home-rush-cuts-oc-supply-under-6-months/

So the basic story is that people are buying where the discounts are. In markets where there aren’t as many discounts, there isn’t as much buying.

[ltokuda]

The OC Register has some information which shows what’s going on.

Banks are offering about 20% less than last year for foreclosed properties:

http://mortgage.freedomblogging.com/2008/05/13/banks-offer-20-off-foreclosed-homes-in-oc/

Lower priced homes are experiencing the most distress:

http://mortgage.freedomblogging.com/2008/05/19/supply-of-oc-distress-homes-for-sale-up-again/

Lower priced homes are seeing the most buying activity:

http://lansner.freedomblogging.com/2008/05/19/where-did-aprils-surge-in-home-sales-come-from/

Lower priced homes are seeing the shortest market time:

http://lansner.freedomblogging.com/2008/05/19/cheap-home-rush-cuts-oc-supply-under-6-months/

So the basic story is that people are buying where the discounts are. In markets where there aren’t as many discounts, there isn’t as much buying.

[ltokuda]

The OC Register has some information which shows what’s going on.

Banks are offering about 20% less than last year for foreclosed properties:

http://mortgage.freedomblogging.com/2008/05/13/banks-offer-20-off-foreclosed-homes-in-oc/

Lower priced homes are experiencing the most distress:

http://mortgage.freedomblogging.com/2008/05/19/supply-of-oc-distress-homes-for-sale-up-again/

Lower priced homes are seeing the most buying activity:

http://lansner.freedomblogging.com/2008/05/19/where-did-aprils-surge-in-home-sales-come-from/

Lower priced homes are seeing the shortest market time:

http://lansner.freedomblogging.com/2008/05/19/cheap-home-rush-cuts-oc-supply-under-6-months/

So the basic story is that people are buying where the discounts are. In markets where there aren’t as many discounts, there isn’t as much buying.

[ltokuda]

The OC Register has some information which shows what’s going on.

Banks are offering about 20% less than last year for foreclosed properties:

http://mortgage.freedomblogging.com/2008/05/13/banks-offer-20-off-foreclosed-homes-in-oc/

Lower priced homes are experiencing the most distress:

http://mortgage.freedomblogging.com/2008/05/19/supply-of-oc-distress-homes-for-sale-up-again/

Lower priced homes are seeing the most buying activity:

http://lansner.freedomblogging.com/2008/05/19/where-did-aprils-surge-in-home-sales-come-from/

Lower priced homes are seeing the shortest market time:

http://lansner.freedomblogging.com/2008/05/19/cheap-home-rush-cuts-oc-supply-under-6-months/

So the basic story is that people are buying where the discounts are. In markets where there aren’t as many discounts, there isn’t as much buying.

[Multiplepropertyowner]

ltokuda,
Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

[Multiplepropertyowner]

ltokuda,
Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

[Multiplepropertyowner]

ltokuda,
Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

[Multiplepropertyowner]

ltokuda,
Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

[Multiplepropertyowner]

ltokuda,
Do you feel that the avg. buyer is educated enough to see these numbers and not start to get a bit itchy?

[Ex-SD]

How many of those reported sales were foreclosed properties that went back to the lenders? You do know that they are also recorded as sales……………..and at the price of the balance owed to the lender which is way above the current market value?

Where DataQuick is concerned: Liars figure and figures lie.

[Ex-SD]

How many of those reported sales were foreclosed properties that went back to the lenders? You do know that they are also recorded as sales……………..and at the price of the balance owed to the lender which is way above the current market value?

Where DataQuick is concerned: Liars figure and figures lie.

[Ex-SD]

How many of those reported sales were foreclosed properties that went back to the lenders? You do know that they are also recorded as sales……………..and at the price of the balance owed to the lender which is way above the current market value?

Where DataQuick is concerned: Liars figure and figures lie.

[Ex-SD]

How many of those reported sales were foreclosed properties that went back to the lenders? You do know that they are also recorded as sales……………..and at the price of the balance owed to the lender which is way above the current market value?

Where DataQuick is concerned: Liars figure and figures lie.

[Author]

Posts