Fueled by pent-up buyer demand and record low interest rates house prices in our Easy Bay area are going up, quite a bit, in the Spring of 2013.
There is very little available inventory for sale, most houses on the market are getting multiple bids from buyers, which bids the price of the house up. This is a great time for home sellers, who for years, may have been putting off a move. Please click on either of these two links for more details.
Short sales continued to be a large part of our local real estate market for 2013. Most real estate experts forecast that short sales will continue to be a strong force in local real estate through 2013. The impact on buyers, sellers, house prices, and our local economy continue to be effected by bank foreclosures and short sales. What follows below is the most up to date info on short sales for consumers. Thanks for reading.
Yes, it is true. Most major banks have figured out that it is not profitable, for them, to take homes back in foreclosure. So as of 2012 and 2013 banks are actually paying homeowners to short sale their home. Click here for details.
New for 2013!
New US government Fannie Mae guidelines make it easier for underwater homeowners to short sale their home.
Tom serves the real estate needs of the Tri-Valley area of Pleasanton, Livermore, Dublin and San Ramon, plus the 680 corridor including Fremont, Danville, Alamo, Walnut Creek, and Blackhawk. Tom is a foreclosure, short sale and REO expert with 21 years experience in local real estate. If you are planning a real estate investment,contact Tomfor his Investor's Guide to Buying Real Estate.