January 2010 
There are 1 blog entries for January 2010.
Happy New Year!
Friday, January 8th, 2010 at 5:31pm. 566 Views, 0 Comments.
2009 was a rough year for real estate, we had an economic meltdown the likes of which we will hopefully never see again, record foreclosures, short sales and a loss of equity that was unprecidented.
We've been hearing for months that there is a "shadow inventory" of foreclosures that the banks are not releasing, and I think 2010 will reveal just how many foreclosures the banks are sitting on. Once thing is for sure...foreclosures and short sales will continue to be a significant portion of the market. Hopfully short sales will be able to be expedited in a better way, because that is the main hang-up with dealing with them. As the banks adjust to the realities of the needs of buyers, we will see short sale become more like normal sales, which will be…
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
