Home Selling in Stockton>Question Details

Ken Shuman, Home Owner in San Francisco, CA

Any stats that suggest people are not putting homes on the market in areas of high foreclosure like Stockton?

Asked by Ken Shuman, San Francisco, CA Mon Dec 1, 2008

A reporter for a national outlet is looking for stats or antidoctal information related to consumers holding back putting their homes for sale in high foreclosure markets. Please share and the reporter will be sure to give you credit in the story.

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5
Ken - I am the 2009 President for our Association - our membership covers over 2000 realtor members predominantly in the Central Valley. I speak with reporters or other media folks on a regular basis and would be happy to provide any stats or other info they would need for an article. Thanks Ryan
0 votes Thank Flag Link Thu Jul 23, 2009
any realtor with access to the county tax records can export the foreclosure activity status into excel. Easiest is a comparison by zip code of quantity listed versus quantity already foreclosed. Variance between the two is the amount being withheld. A few zips have hundreds already foreclosed and just a few on the market. Even the non-profits tasked with the Neighborhood Stabilazation Program funds to purchase bulk REOs can't get any in San Joaquin County.
0 votes Thank Flag Link Tue Jul 21, 2009
I can tell you, Ken, that in Stockton many houses are boarded up or vacant and not listed for sale or lease/rent. That indicates to me the fact that many owners are unwilling to offer the properties for sale. Just drive around Stockton and you will see them. If you cannot find them, let me know and I can give you some street names and locations. I would think many of these houses are not necessarily consumer-owned homes, however. It could be most of these properties are owned by investors or similar entities.
0 votes Thank Flag Link Mon Dec 1, 2008
HI Ken,

Take a look at :

http://www.teamhawrysz.com/Real_Estate_Statistics.html

Let us know if we can help you with any more information, Homes for Sale or REO Lists.

Best regards,

Rocky G.H. Hawrysz
Prudential California Realty
(209) 599-7028
0 votes Thank Flag Link Mon Dec 1, 2008
When a home is appraised the appraisal will take inconsideration of at least one home foreclosures if the house listed has the same comp's. However in some areas of the country entire cities are foreclosed is difficult for a home owner to sale their properties may opt to lease the their home instead or do a lease purchase option. http://www.lynn911.com http://www.homes-for-sale-dallas.com

Contact 972-699-9111
Lynn
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Dec 1, 2008
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