JPMorgan Chase, Bank of America, and Wells Fargo are among lenders who are now paying underwater homeowners to do short sales according to a USA Today Report today: “It’s a lot cheaper to shell out $10,000 or $20,000 to someone than it is to go through a long foreclosure,” says Jim Gillespie, chief executive of [...]
Displaying posts written by
Scot Campbell
who has written 57 posts for Realty Digest Blog.
Feb
19
2012
19
2012
Feb
19
2012
19
2012
Orange County Home Inventory Falling Fast
by Scot Campbell – 2/19/2012 Source: ReportsOnHousing.com According research by Steve Thomas at Reports On Housing, the active inventory for Orange County homes is falling dramatically for both Standard Sales and Distressed Properties: The active listing inventory is also at its lowest point for this time of year dating back to 2005. With less inventory [...]
Feb
19
2012
19
2012
Thomas: “Orange County Housing Market On Fire”
by Scot Campbell – 02/19/2012 Source: Steven Thomas, ReportsOnHousing.com According to Seven Thomas of Reports On Housing, the Orange County real estate market is “on fire”. Here are some of his comments from recent research: Thus far in 2012, the housing market has exceeded everybody’s expectations. Yes, we have heard many experts declare that we have reached a [...]
Feb
19
2012
19
2012
January California Home Sales up 1.5%
ByScotCampbell– Source: Dataquick article dated 2/16/2012 According to Dataquick, an estimated 28,111 new and resale houses and condos were sold statewide last month. That was down 25.5 percent from 37,734 in December, and up 1.5 percent from 27,706 for January 2011. A decline from December to January is normal for the season. On a year-over-year [...]
Feb
19
2012
19
2012
Foreclosure Filings Down during 4th Quarter 2011
By Scot Campbell– Source: Dataquick article dated 1/24/2012 According to Dataquick, the number of homes in Orange County going into foreclosure during the 4th Quarter of 2011 was down 2.1% compared to last year. Statewide, the number of homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more [...]
Feb
16
2012
16
2012
Southland Sales up slightly in January
By Scot Campbell – Source Dataquick 02/15/2012 The January 2012 sales figures were just published by Dataquick and here is what they found: The Southland housing market started 2012 with slightly higher sales and slightly lower prices despite record-low mortgage interest rates. Home sales skewed toward the lower price ranges, which is normal for January, [...]
Feb
10
2012
10
2012
Surf’s Up in Avalon Harbor !
First and formost, this is a real estate blog with information about trends in real estate, but I also like to touch on interesting events on our Coastal Community. Well, this winter has had a fair number of Santa Ana wind days and when the conditions are just right, surfable waves can actually break in [...]
Feb
7
2012
7
2012
Where’s the Foreclosure Flood?
by Scot Campbell – 2/7/2012 Homebuyers have been told there is a “shadow inventory” of foreclosed homes, so naturally they want to know “Where are they?” Alan Mallach, a senior fellow at the Brookings Institution, helps explain why more properties have NOT ended up on the market as foreclosure resales. Sometimes the owner cures the [...]
Feb
6
2012
6
2012
How’s the Market for Single Family Homes?
Huntington Beach Single Family Homes January 31, 2012 Update By Scot Campbell– February 6, 2012 Ground Hog Day is past and the unofficial beginning of the spring home buying season is upon us. So, will there be six more weeks of “housing market winter” or will spring be sprung early? You will be pleasantly surprised [...]
Feb
6
2012
6
2012
How’s the Market for Condos & Townhouses?
Huntington Beach Condo & Townhome Market Update January 31, 2012 By Scot Campbell– February 6, 2012 Ground Hog Day is past and the unofficial beginning of the spring home buying season is upon us. So, will there be six more weeks of “housing market winter” or will spring be sprung early? You will be pleasantly [...]