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Agent2Agent in Southern Pacific / Richards : Real Estate Advice

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Steven Ornel…, Real Estate Pro in Fremont, CA
Tue Oct 6, 2009
Steven Ornellas answered:
Hi Sherry,

I'm not local to the Sac market so I would not venture a guessabout your specific area (Jim looks like he’s measuring the pulse pretty well); however, I came to the same conclusion as Elizabeth as far as timing in respect to a return to "normalcy" when I wrote the following blog post:

"Coming to a neighborhood near you: REO Shadow Inventory"
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/2009/09/yes_virginia_there_is_a_reo_shadow_inventory

While the post focuses more on the causes of REO Shadow Inventory: 1) The Presidential Election, 2) the Troubled Asset Relief Program (TARP), 3) Direct Intention, 4) Bank Consolidation, and 5) An Ineffectual Loan Modification Program; I think you will find it a very interesting read.

Best, Steve
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