My old pal Ramsey Su is back with an analysis of the recent REO auctions held here in San Diego by REDC. He’s drawn some very interesting conclusions based on the info he’s been able to piece together from the auctions. If you’d like to read more after you’re done with this one, the search function will meet all your Ramsey-related needs.
REDC AUCTIONS
by Ramsey Su
REDC has conducted four REO auctions in San Diego during the last 8 months, the most recent being January 26 of this year.
I have extensive data on 3 of the 4 auctions. Here are some of the findings:
Peak/Trough Analysis – currentlydown 37%
Properties that went to auction likely represented the group that was purchased or refinanced at the peak and sold at the low of what the current market offers.
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Guest Commentary: Ramsey on San Diego REO Auctions
My old pal Ramsey Su is back with an analysis of the recent REO auctions held here in San Diego by REDC. He’s drawn some very interesting conclusions based on the info he’s been able to piece together from the auctions. If you’d like to read more after you’re done with this one, the search function will meet all your Ramsey-related needs.
REDC AUCTIONS
by Ramsey Su
REDC has conducted four REO auctions in San Diego during the last 8 months, the most recent being January 26 of this year.
I have extensive data on 3 of the 4 auctions. Here are some of the findings:
Peak/Trough Analysis – currently down 37%
Properties that went to auction likely represented the group that was purchased or refinanced at the peak and sold at the low of what the current market offers.