The Never Ending Story of the Infamous Shadow Inventory
Shadow inventory held by Fannie Mae and Freddie Mac (The GSEs) and HUD “vastly” outnumbers REO (Homes that have completed the foreclosure process) properties the groups maintain, according to a joint report from the Office of Inspector General for the Federal Housing Finance Agency (FHFA which was created in 2008 to handle the failed GSE’s) and [...]
ReadYour Home May Be Worth More Than You Think!
Today’s real estate market is very different than it was a year ago. Prices have increased rapidly over the past 6-8 months as part of a steady recovery we’re seeing take place across the nation in real estate. If you or someone you know has a home in which they owed more on their mortgage [...]
ReadHome prices spike across Southern California
Southland home prices hit their highest level in nearly five years during March as the impact of foreclosures continued to dim and sales of higher-priced homes gained momentum, a market tracker said Wednesday. Last month the median price of a new or previously owned house or condominium in Southern California increased 23.4 percent to $345,500 [...]
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DeAnna Rehnert
