Not exact matches
When asked about the surplus
of inventory, and how it may affect market conditions, Total Mortgage president John Walsh recently surmised, «This is a difficult question to answer, because nobody really knows the extent
of the potential shadow
inventory out there or how many houses are in danger
of foreclosure.
There's no over-valuation to be wrung
out of the market, no market bottom to be guessed at, no blight
of negative equity to scar a generation, no
foreclosure / second home
inventory overhang, no multi-billion mortgage scandals & litigation — it's just business as usual.
This is the kind
of creative,
out of the book thinking that more banks need to adopt — because it is this kind
of team effort that can save many Florida homeowners from
foreclosure, save our economy, and maybe save some banks from those bulging REO (real estate owned) shadow
inventories.
This is an indicator that short sales and
foreclosures are finally being flushed
out of inventory and that more buyers are turning to normal homes.»
Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events
of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest
of the country where housing prices are down and there is plenty
of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits
of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages
of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types
of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as
foreclosure avoidance and discusses the impact
of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 %
of home buyers and sellers pick the first real estate agent they meet and points
out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level
of shadow
inventory the impact on sellers as more
inventory gets released;