Shadow inventory down

CoreLogic said today that completed foreclosures ticked up slightly in May compared to April, but the number of homes in process of foreclosure, the foreclosure inventory, was down to about the same degree. Both completed foreclosures and the inventory are lower by...

Bubble or no bubble?

Home prices in Ca. rose about 25k in ONE MONTH. That was an 8% increase and 24.% from last year. WOW!!!! LA county home prices were up over 24% from last year. This jump is being fueled not only by scarce inventory but by the fact that more expensive move up homes are...

I’m just like you

Years ago I was a housewife living in Florida, and just trying to increase our income. I became a real estate seminar junky and quickly acquired 44 properties in a down market. Well, as that famous philosopher, John Lennon said, life is what happens when you are...

No bargains on foreclosures

According to Zillow, there was no advantage of buying an REO. You got no discount at all in some areas and a measly 1..8 % discount in many others. Cash rich hedge funds are crowding everyone else out. Just attend a local trust sale and you will see for yourself. Most...