The Housing Crisis is Like Hurricane Katrina July 23, 2008
There were four back-to-back panel sessions on the topic of Foreclosures at Real Estate Connect this morning. Here are some sound bites and quotes.
There are 25,000 homes per MONTH in California that are going back to the lender. This is going to create a glut of housing inventory for many months into the forseeable future. [...]
Are Short Sales Affecting our Home Prices? December 31, 2007
This downturn in real estate is so much different than the one we ‘older than dirt’ agents experienced in 1980’s. Then, with inflation over 12% and interest rates over 20%, we knew why we were in so much trouble and saw only long term effects since it was a problem with our national [...]
Foreclosure or Buyer Remorse? March 14, 2007
Well, I promised I’d report in if I saw anything really good sitting around with no offers, or signs of foreclosure woes, on “the Eastside”.
As to good properties sitting around with no offers…not! I showed a few properties on Sunday, turned around and one went STI two hours later. Of course, very close to Microsoft. [...]
