Short sales seem to be the norm nowadays. I recently had one buyer, we put an offer in, the offer was accepted and the home was under contract. It was at that
moment that I thought how long it had been since we had a deal that was that easy. With all the short sales and lack of properties on the market, there
are either long delays once you submit your offer, or there are so many offers that the property can go without much notice.
Prices are still, on average, more than fifteen percent below what they were a year ago. I think prices will probably incline at a slower pace than usual, but I do
think the upward trend has begun.
San Diego foreclosures were up nearly ten percent compared to the previous month, with over 8,000 filing being recorded for the month of July. The number is even more
staggering when compared to the previous year, growing more than thirty percent compared to the same month in 2008.
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