Archives for June 2011

Foreclosures for sale: Big supply, low prices

A CNN article caught my eye which read the following: There’s a three-year inventory of homes in foreclosure for sale, and that’s devastating home prices. Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer […]

Cynics Don’t Ask Why

Is it just me, or is every report on the economy and housing extra negative lately? The truth is, the real estate market has been catching much flack lately for it’s “poor” signs of recovery since last year, and rightly so. Looking at California Stats for May of 2011 vs last year we see a 14.4% […]