| ALTOS REAL-TIME MARKET UPDATE REPORT- Aug '10 | Altos Research Real-Time Housing Market Update for August 2010
Some of the highlights of the August 2010 report:
•The Altos Research 10-City Composite Index shows that, nationally, more than ⅓ of all homes listed for sale reduced their prices in July 2010.
•The Composite, which was reasonably flat in June, showed a marked decrease in July, falling more than half a percentage point (0.63%).
•Inventory, across the board, is rising steadily, with 22 of 26 major markets showing increases; the sharpest inclines were in Phoenix & Washington, DC, up 5.07% and 5.67%, respectively. Inventory levels are similar to last year at this time, but were declining then and are increasing now.
•Asking prices for homes fell in 19 of 26 markets tracked, with the most significant declines in Miami (3.37%), Washington, DC (4.14%), and Phoenix (5.14%).
To view the full report, click on the link to the right, entitled:
"ALTOS REAL TIME MARKET UPDATE REPORT- AUG '10"
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Click here to read the recent article in the Las Vegas Sun
| Debate Over HOA and Collection Fees Heats Up!
Foreclosure Investors File A Class Action Lawsuit Against HOAs and Collection Agencies
No matter what side of the debate people fall on, there seems to be a very big problem with ever-mounting HOA dues and collection fees. As investors, this issue is tantamount to our very success with purchasing foreclosure properties. The issue is not so much having to bring HOA dues current on a particular property, but more so that the collection and legal fees are far more than the law allows. In order to combat this problem, a group of investors (including those of us at Statewide Financial Services and the CBRIS Real Estate investment Fund) have decided to fight back through the legal system.
To view the full article, click on the link to the right
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| U.S. Foreclosure Activity Map- 3rd Quarter 2009 |
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| IRVINE, Calif. – Oct. 15, 2009
RealtyTrac® (realtytrac.com)
"RealtyTrac® the leading online marketplace for foreclosure properties, today
released its U.S. Foreclosure Market Report™ for Q3 2009, which shows
that foreclosure filings — default notices, scheduled auctions and bank
repossessions — were reported on 937,840 properties in the third
quarter, a 5 percent increase from the previous quarter and an increase
of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units
received a foreclosure filing during the quarter — the highest
quarterly foreclosure rate since RealtyTrac began issuing its report in
the first quarter of 2005."
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To view the full story, please follow this link:
Foreclosure Activity 3rd Quarter 2009
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| Statewide Financial Serivices- FREE Real Estate Report |
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| Statewide Financial Services presents
Chief Denney's
REAL ESTATE REPORT
Please complete the registration form below to receive your complimentary copy of our
Real Estate Report.
The report will be sent to you in an easy -to-read PDF format.
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