The Residential Real Estate Post-Crash Index-Moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Broken_Clock who wrote (10085)	3/4/2011 2:10:28 PM
From: John Vosilla	Read Replies (3) of 119361

My market now feels somewhat like the 4-6 months right after 9/11 and 1992-93 except a bigger portion of the inventory is either distressed priced right but in need of work or way overpriced listings dreaming of 2005 that will never sell. Back in the day most everyone knew what a property was worth and actually the inventory of FHA/VA approved in good condition and fair priced listings was much higher than now.. Believe it or not I see more 'desperate' buyers who need conventional financing with low down these days than anything else... Phone rings off the hook if you advertise seller financing these days.. Actually am hoping for a new wave of foreclosures flooding the market one more time but not sure if it will make a big dent.. Gotta get rid of all the newbies..lol

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next