Musings of a Career Consultant

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How’s the Market? April 27, 2011

In Glendora, La Verne, San Dimas and Covina?

We have 45 new homes on the market which scared 47 to reduce their price. 52 went into Escrow with 39 Closing Escrow. What do these numbers mean? That we’re basically servicing the listings we have with the Buyers on the market. But basically we’re not Closing as many as we could to level it out.

If you’re a Buyer, get more aggressive with your Offers. Don’t know how to do that? Give me a call.

If you’re a Seller, get more aggressive with your Marketing (or be one of the 47 that reduced their price). Not sure what you could do? Let’s chat.

Should you have any questions about anything you’ve read here, would like more details about a certain area of these cities or if you’re interested in another city in the San Gabriel Valley or Inland Empire, please feel free to call your favorite REALTOR :)

And, I can always send you a FREE Market Analysis on your home, just ask.

 

CA Plans $2B Program to Help Distressed Homeowners March 23, 2011

Check out this LA Times Article but pay close attention to the below paragraph:

Out of the five major mortgage servicers — Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Ally Financial and Citigroup Inc. — only Ally has formally signed on to a key part of the plan: reducing mortgage principal on homes that are “underwater,” or worth less than the size of the mortgage. A Bank of America spokesman said the bank intends to participate but hasn’t yet reached a formal agreement with the California Housing Finance Agency, which designed the program.

Read that again, MOST of the banks that have the loans in CA are NOT participating in this program. Assistance can only come when all Banks are on Board! As more information comes out, I’ll keep ya’ll posted.

Should you have any questions about anything you’ve read here, please feel free to call your favorite REALTOR 🙂