Inventory is rising again as we come out of the holiday season here in Santa Clara County. Good news is that transactions are increasing as well. Short Sales and Bank Owned properties are definitely making their mark, accounting for over 75% of all pending transactions and almost 50% of all active homes. The "Resi" market is definitely in the process of clearing all those nasty sub-prime loans. It's painful but necessary. We are going through mortgage rehab! Fasten your seat belts as it's going to get uglier before it gets better! There is hope out there...especially for buyers and investors who are ready to take advantage of falling prices and increasing inventory. What do you think?
Monday, February 16, 2009
Monday Stat day!!!
Inventory is rising again as we come out of the holiday season here in Santa Clara County. Good news is that transactions are increasing as well. Short Sales and Bank Owned properties are definitely making their mark, accounting for over 75% of all pending transactions and almost 50% of all active homes. The "Resi" market is definitely in the process of clearing all those nasty sub-prime loans. It's painful but necessary. We are going through mortgage rehab! Fasten your seat belts as it's going to get uglier before it gets better! There is hope out there...especially for buyers and investors who are ready to take advantage of falling prices and increasing inventory. What do you think?
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