Wednesday, November 21, 2012

Available Foreclosed Homes in Burbank California

 Foreclosed Homes in Burbank  Availabe and Must Sell Quickly

3  Bedrooms and 2 Bath Home Listed At $ 389,000

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Wednesday, November 14, 2012

California Real Estate Market With Multiple Offers

The combination on low inventory of homes, interest rate and home prices are making the market in California to rise. Six out of then homes are getting multiple offers according to the 2012 California Association of Realtors Market Survey. 57% of the home sales received multiple offers in 2012, the highest in the last 12 years, with each home receiving an average of 4.2 offers. Seven out of ten bank owned and short sales received multiple offers, while only half of the equity sales received more than one offer. Home buyers are realizing that this is the time to buy a home before they keep rising, but they are finding that there is a fierce competition coming from cash buyers which most of the time are investors. Home sales are selling faster: equity sales are taking 32 days, bank owned homes 50, while short sales take 141 days. More than 30% of home buyers paid cash, 67% of sales were to investors, and 7% percent were to buyers who purchased 2nd homes or vacation homes. International buyers made 5.8%: From China 39.1%,Canada 13%,India 8.7% and Mexico 8.7%. First Time Home Buyers were attracted to low price homes like: Reo's and Short Sales, they made the 35.8% of the market. Alberto Pacheco 818 481 9211

Monday, November 12, 2012

Quote of The Day

Appreciate The Many Things That Make Your Life So Valuable

Alberto Pacheco
818 481 9211
Keller Williams North Valley

Bank Owned Homes Will Be Sold in Bulk in California

It was announced last week that Fannie Mae (Government Gsa), Federal Housing Finance Agency and Colony Capital are involved in the near future bulk sale of more then 400 in the Inland Empire and Los Angeles. This is going to be very beneficial for the investors, but will affect the first time home buyers that buy from the bottom sales price home to the pricey ones; also to the move up buyes. This move will make affordability to decrease, since investors buy low, rehab the properties and flip them at higher price. The Median Home Price in the Inland Empire increased 15% from $ 172,000 in February 2012 to $ 198,270 in September 2012, and the inventory decreased from 5.3 months to 3.8 months on the same period. The median home price in Los Angeles has risen 37% from $ 272,920 in February 2012 to $ 373,020 in September 2012 and the unsold inventory decrease on the same period from 5.7 months to 3.7 months. Alberto Pacheco 818 481 9211 Keller Wiliams Realty

Monday, November 05, 2012

Newsletter Video For November 2012

Alberto Pacheco 818 481 9211

Saturday, November 03, 2012

Day Light Savings Ends on November 04 2012

Tonight Saturday November 03 2012 and Before You Go To Bed

 Make Sure You Roll Back You Clock


Since at 2AM Sunday Morning  

is The Daylight Savings End.