The “Shadow Inventory” of Foreclosed homes is rising. This inventory is made up of homes already repossessed by lenders buy not yet on the market for resale. There is great debate in the real estate community about the effect this shadow inventory will have on existing resale home prices and neighborhood values over the next couple of years. Inman News published this article recently and addresses the issue at hand.
Continue reading>>> Shadow Inventory of Foreclosed Homes Rises in San DiegoCurrently browsing category
4S Ranch
Oct
15
2010
Rancho Bernardo 92127 Market Update
To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed. The market seems to have paused around the price plateau we reached a few weeks ago. The Market Action Index is a good leading indicator for the durability of this trend.
Continue reading>>> Rancho Bernardo 92127 Market Update