HUD: NEW RESIDENTIAL SALES IN JANUARY 2010…
March 6, 2010 by admin · Leave a Comment
The median sales price of new houses sold in January 2010 was $203,500; the average sales price was $254,500. The seasonally adjusted estimate of new houses for sale at the end of January was 234,000. This represents a supply of 9.1 months at the current sales rate.
Millionaires are made in this market. Didnt we say that already..
May 7, 2009 by admin · Leave a Comment
Today I read another article about the moratoriums being lifted and that the floodgates of foreclosure are about to open up. That there is this ghost REO stable that is ready to be released and everyone is scrambling.
“A total of 135,431 default notices were sent out during the January- to-March period. That was up 80.0 percent from 75,230 for the prior quarter and up 19.0 percent from 113,809 in first quarter 2008, according to MDA DataQuick. Last quarter’s total was an all-time high for any quarter in DataQuick’s statistics, which for defaults go back to 1992. There were 121,673 default notices filed in second quarter.” Read more
Bay Area housing statistics…
May 3, 2009 by admin · Leave a Comment
No matter which way you turn we are inundated with real estate news. However, at Women Building Wealth we understand that real estate is local, its cyclical and savvy invetment minded investors are out there looking for opportunity. Deals and opportunities, inspite of the negative press, are happening each and every day. Read more
