Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Rent vs Buy in San Ramon : Real Estate Advice

  • All858
  • Local Info44
  • Home Buying593
  • Home Selling14
  • Market Conditions45

Activity 1
Mon Mar 24, 2008
Rouriel Noubini answered:
Check realtytrac.com for foreclosure information in and around San Ramon. I counted pre-foreclosure (NOD) average 50 filings per month in San Ramon. That rate is getting worse recently. The NOD is a leading indicator of future foreclosure which strongly correlated to house price downward movement. Within 6 months, about 30 out of these 50 NODs (some of them are duplicate, and some will manage become current again) will eventually join already large distressed property inventory (either REO or short sale). That will be accounted for 50% of total re-sale homes in San Ramon per month. House price will not stabilize as long as distressed property inventory is till high. ... more
0 votes 13 answers Share Flag
Search Advice
Search
Rent vs Buy in San Ramon Zip Codes

Followers

294