Comments for Ada County Market Report

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Wed, 12 May 2010 01:48:11 +0000

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Comment on Flow Chart of Foreclosure and Short Sales Process, What other options do you have? by California foreclosure Laws

California foreclosure Laws — Wed, 31 Mar 2010 03:11:05 +0000

Wonderful Site! I wanted to ask if I would be able quote a portion of your website and use a few items for a term paper. Please let me know through email whether its ok or not. Thanks

Comment on Foreclosure and Short Sale Process by Stop foreclosure fast

Stop foreclosure fast — Sat, 20 Feb 2010 09:37:00 +0000

Love your blog I’m going to subscribe hope you give more updates.

Comment on January 2010 Ada County Resale Market Report by Georgia Vreeland

Georgia Vreeland — Mon, 11 Jan 2010 00:00:38 +0000

Hi Jeremy…Like the video and your narrative of pointing out the 12/09-01/10 differences comes across great. Thanks for all you do for us!!!

Comment on Why Home Sales are up and down? by Charlie Rens

Charlie Rens — Mon, 04 Jan 2010 18:03:15 +0000

Jeremy,
I completely agree with your finding, and careful considerations. It’s hard not to sound like a doom and gloomer if you talk about the realities of today’s market. The area of the market we hear most of is the first time buyer, foreclosure, and investor. In most markets that would be in the pricing of $150,000 and under. The percentage gains of sale price and volume are figured off of this pricing range, but the headlines we read today express these figures as the market as a whole. Clearly not true. In these economic times the first time buyer pool is very shallow. Even with tax credits and other incentives, how long before this pool dries up? The investor market is on the other end of our market. When we say investor, many think of groups or institutions, but in reality, the investors are the individual who is looking to make an investment with some degree of security. Most of these investor have the ability of one to three properties, and then their resources run short. There are many other factors to the investor equation such as, the REO prices are being bid up, the rental market is not as responsive as it once was, Supply is out pacing demand. But the real and true problem from my view is…
The middle ground of the real estate market. Lets say, depending on the market place, $225,000 and up. Where is the buyer for these properties? With the banks being disengaged, requiring higher equity investments, higher credit scores, and a score of other hurdles, where does this buyer get support. As far as the seller, we have seen in many neighborhoods the number of houses for sale decrease. I believe many of the distressed properties have already filtered through, but with the level of high negative equity in nearly all neighborhoods, all it takes is a job transfer, or job loss, and now the market has another distressed property to cope with. Each day the pricing slides further down this markets slippery slope, more homeowners fall into the negative equity position, and has little or no course for recovery. Well that’s my 5 minutes on the soapbox… Thanks for your indulgence.

Comment on The foreclosure process by Jeremy

Jeremy — Wed, 09 Dec 2009 16:24:23 +0000

Yes, the source is http://foreclosureprocesstoday.com Sorry it wasn’t in there.