Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Natomas, Sacramento Short Sale And Foreclsoure Home Sales Stats.www.SacramentoBill.com posts current homes sale stats and the results are startling. Inventories on short sale and REO homes in the Natomas area ensure hard work ahead for home buyers.
By: Bill Joyce www.BetterHomeLessMoney.com To put this into perspective, an average of 32 short sales sell each month in this area which essentially amounts to a 12 month inventory of short sales. On the other hand, 51 bank owned properties sell each month which amounts to a 2.5 week inventory. The conclusion we draw from these statistics is...short sales happen slowly if at all and there are a lot lingering on the market. As such, buyers should expect long escrows and low probabilities of success. On the other hand, bank owned properties are in short supply and buyers should expect stiff competition. While most home shoppers would think this ‘buyers market’ would be full of opportunity, choice and bargains, the reality is finding and buying that bargain is going to be hard work. For more details check these stats and more at www.SacramentoBill.com # # # Our focus is helping home buyers become better buyers prepared to get a better home for less money. Our service area includes Elk Grove, Natomas, Rosville, Rocklin, Folsom and the entire Sacramento region. End
Account Email Address Disclaimer Report Abuse
|