Home > Blogs > Neil Singerman's Blog

Neil Singerman's Blog

By Neil Singerman | Agent in 90049
  • Shadow Inventory and Its Impact on Prices

    Posted Under: Market Conditions in Beverlywood, Home Buying in Beverlywood, Property Q&A in Beverlywood  |  January 9, 2013 4:07 PM  |  1,534 views  |  3 comments
    Fill out this simple form to get a Free Report on YOUR Home's Value and Current Market Conditions.

    Many analysts differ on what impact shadow inventory will have on house values in 2013. Some warn that these distressed properties will still play a major role in limiting appreciation. Others believe that the increases in buyer demand will more than offset the increase in supply. The only thing on which everyone agrees is that there will be millions of distressed properties that will need to be liquidated over the next few years. How these properties are handled will have an effect on the impact they will have on values.

    According to the National Association of Realtors, foreclosures sell at a 20% discount while a short sale sells at a 16% discount. Therefore, a short sale has less of a negative impact on prices compared to a foreclosure. Obviously, if the mortgage is modified, no sale takes place and there is no impact on surrounding home prices.

    The U.S. Treasury Department just issued their latest OCC Mortgage Metrics Report which reports on how these distressed properties are currently being handled. Here is a graph showing how these properties are being processed now as compared to a year ago.

    Provided courtesy of Neil Singerman DRE 01097970 Rodeo RealtyBrentwood

    Information provided by the KCM crew

  • How is the Real Estate Market in Beverlywood CA 90034?

    Posted Under: Market Conditions in Beverlywood, Home Buying in Beverlywood, Home Selling in Beverlywood  |  October 8, 2012 7:41 AM  |  186 views  |  No comments

    Beverlywood, Now really…How is the Real Estate market in Beverlywood? I get asked that all the time, “How’s the Real Estate market in the 90034” and my response is “Well, it depends. Are you looking to buy, sell, rent, or invest?” Quite frankly, it is an awesome market if you are a Buyer – interest rates are truly at an all time low and as a Seller with tight inventory supply.

    Click here to find out the latest stats......

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer