The surge in New Home Sales volume is consistent with the other good news we’ve seen from the housing sector. It marks the 4th positive signal in the last two weeks.
Filed under: First Time Home Buyer, Real Estate Investor | Tagged: Economy, Real Estate, WA REO | Leave a Comment »
Through all of 2008, though, Existing Home Sales volume has been essentially flat. Some months up, some months down, but always hovering near the 5 million unit mark.
The data from September is no different.
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor | Tagged: Economy, Home Sales, Real Estate | Leave a Comment »
According to foreclosure-tracking service RealtyTrac, the foreclosure rate is falling nationwide.
Versus August, foreclosures fell by 12 percent in September 2008 as more than half of the states showed month-over-month improvement.
Filed under: Bank Owned/REO, Foreclosures | Tagged: Economy, Real Estate | Leave a Comment »
When it comes to buying a REO (Bank Owned Property) experience has shown in most cases the asset manager has never seen the property and has very little information about the home. Usually the only information they have is from a Realtor’s BPO (Broker Price opinion) which includes some pictures and a vague condition report. Remember the asset manager is not in the business of helping people buy homes.
Filed under: Bank Owned/REO, First Time Home Buyer, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Foreclosure, Gig Harbor | Leave a Comment »
