Well, I have a million thoughts running through my head about the residential real estate market in 2009. I think the following will happen:
1. Foreclosure inventory will grow and at an incredible rate. The banks are sitting on huge amounts of inventory and most of this inventory will come on the market [...]

Here are the numbers:
Active Properties for sale:  1667
Foreclosures:   717
Sold Last month in October:  305
Foreclosures or short sales:  135
Inventory:  5.46
Hot Property for the week:  251 E 17th Street, Seal Beach, CA

Wow. That is all I can really say about the recent economic meltdown on Wall Street. We all knew it was coming, but didn’t know what “it” was going to look like. The good news is that with every market there are great opportunities. One such opportunity is right on my [...]

This is a recent article in the Wall Street Journal about the new development downtown Long Beach.  Amazing.
Mark Shandrow
Keller Williams Realty

Condo-Minimum
Developers Turn to Auctions to Shed Units
By JONATHAN KARP
September 10, 2008; Page C15
With the condo glut growing as new towers are finished, and buyers walk away from presale contracts, developers increasingly are resorting to auctions [...]

In this video I talk about one of the secrets to buying a foreclosure.  This is going to be the beginning of a series of videos to help real estate buyers learn about buying foreclosed property.  I am an REO agent.  This means that I work for the banks to help them sell their foreclosed [...]

This was a great article from Barrons about Fannie and Freddie.

Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]

I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property.  The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...]

This is a great article that come out in the LA Times a few days ago and explains how you can buy a house and get a great tax credit.  Read on . . .

Tax credit for home buyers works like an interest-free loan
Purchasers can shave as much as $7,500 off their IRS bills, though [...]

Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Deal”, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan [...]

Wow, this was just one of those real estate transactions that you are happy it is over–everyone is happy is over, but the buyers got their dream house in the end.  While I was away on vacation, my realtor friend, Clay Wilson, helped the Huddlestons find a great deal in Anaheim.  They had been outbid on several foreclosure [...]