Archive for January, 2009
Friday, January 30th, 2009
As January comes to a close, a new surge of inventory is now emerging, including some very well-priced bank owned properties, also known as R.E.O.s (Real Estate Owned.) These types of properties tend to be priced below recent comparables, usually by very motivated sellers, creating the perfect combination for buyers ...
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Friday, January 23rd, 2009
As a rule of thumb, we can divide activities in the Playa Vista resale market into three distinct periods. 1) October to December, the slowest months, 2) January and February, where activity began to rise, and 3) From March to August, when we determined activities to be the busiest of ...
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Thursday, January 8th, 2009
According to the California Association of Realtors report, increased home sales, declining home values, and the credit crunch greatly affected the state’s housing market in 2008.
Due to significant price declines, sales generally improved over last year, with approximately one in five home sales due to foreclosure, short sales, or default. ...
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