I had the pleasure of joining 3,000 fellow real estate agents earlier this week as we converged in Palm Desert, Calif. for the spectacular Spring 2009 Reomac Conference. There I gained the latest insider news on successful short sales, foreclosure inventory, loss mitigation and a host of other hot real estate topics that will strengthen [...] Read more »
Foreclosure Inventory Skyrockets, Home Prices Hit Historic Low
Here’s a quick, informative slice of what’s happening in the booming buyer’s market this week: 1. Foreclosures are at an all-time high nationwide. The number of foreclosures skyrocketed last year to an all-time high of 2.3 million, further deflating home prices at the fastest pace we’ve seen yet. According to Bloomberg reports out today, foreclosures [...] Read more »
