November 2009

Hot Topics

 

Foreclosures

According to RealtyTrac, 1 out of every 240 homes for sale in Redding is in foreclosure.

 

Banks are more likely to work with a seller on a short sale than EVER before, and we know how to get them approved! (Refer us!)

 

Interest rates

 

Rates are still hovering around 5.25%.  How long will it last? We have been discussing some trends that have been discovered and know where to find the best rates!

 

Inventory

 

It has been Dropping! In a normal market, which does not last long (usually 2-3 years), the inventory of homes is around 5-7 months. Anything  under a 5 months supply, usually means a sellers market.  Anything over a 7 month supply is usually a buyers market. 

Currently we are right at a 7 month supply of homes and it is dropping!

 

Investment

 

There are some real bargains out there. The smart investors know where to find them and we can help. These deep discounts will not last forever. 10%+ returns are not uncommon   anymore,  and we know where to find them. If you have not seen Josh’s Ideal Investment   Opportunity worksheet call for a copy today!

 

 

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