Interesting Union Tribune front page article entitled “Most local home sellers losing big bucks”, with stats on the percentage of homes sold at a loss by zip code. Dataquick numbers show foreclosures sell at a lower prices. This suggests to me that some of these communities are undervalued…
Articles in the ‘Foreclosures & Short Sales’ Collection
Mixed Real Estate News for August
The August Market Report is now available on my website. The market numbers show a 15% increase in sales compared to last July, the first such increase since 2005. While this is good news, the median pricing shows a 30% decline, which is primarily due to the large number of foreclosed properties on the market. [...]