NextHome Premier Properties
  • Ed’s Blog
    • Ed’s Video Channel
  • InvestingReasons Why To Invest – Definition of Cash Flow Analysis – 1031 Exchanges
    • Definition of Terms – Cash Flow Analysis
    • Sacramento Duplexes & Sacramento Apartments for Sale
    • Ed’s Hot Picks
  • Property Management
    • Questions About Qualifying
  • About
  • Featured Homes For Sale & Rent
    • Folsom Home For Sale
    • Rentals
  • Get a Quick Home EvaluationHome Valuations
  • Sign Up for Automatic Home UpdatesYou get a list of homes to your computer
  • Search
  • Menu Menu
PreviousNext
12

NextHome Premier Properties

They Call Me Mr. Ed – The Best Darned Real Estate Blog Period…!

Is this still a Buyer’s Market…?

May 13, 2009/in Foreclosure, Real Estate Sales/by edfavinger

Not when you have multiple offers….

I plucked this story from the Sacramento Bee this morning and it just reinforces my view that the market has changed.  Click here:  Fewer homes listed this spring in Sacramento area.

However, when you read through the story the various sources talk about the inventory that is not out there right now.   We in the business call this the “Shadow Inventory”..   The Shadow Inventory are the real estate holdings that the banks have already foreclosed upon, hold title to,  but have not “released” for sale yet.

I know of several Duplexes that have been returned to the banks and are now what we call REO’s.  They have been in this status for over a month now.  Why are they waiting to put them back out there for sale…?  I don’t know.

In addition to the SacBee article.. I plucked out this article which didn’t have the Sacramento Region listed in this report.   RealtyTrac: April foreclosures rise 32 percent

Bottom line is that in addition to the upcoming heat wave this weekend, when you have 10-12 offers on a piece of real estate, that represents anechdotal evidence that the Seller is going to have a little more of an advantage.

This will be the status quo until the anticipated flood of new Bank Owned/REO properties finally hit the market here.

MAKE IT A GREAT DAY….

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share by Mail
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png 0 0 edfavinger https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png edfavinger2009-05-13 06:29:352009-05-13 06:29:35Is this still a Buyer’s Market…?

Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

Property Search

$
$

Free Rental Survey for Investors

Reviews

Customer Testimonials
Powered by Reach150

Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

Each NextHome Office Is Independently Owned and Operated. The information provided herein is supplied by several sources and is subject to change without notice. The owner of this website does not guarantee or is in any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Should you have any questions, concerns, or needs, please feel free to contact the owner by clicking on the about page.
Fast Selling Duplexes – on Market Just Days… Bank Owned Duplex out of the “Shadows”…..
Scroll to top