Category:
Real Estate Market Trends
http://sjrei.org/challenges-facing-the-multi-family-housing-industry/
The commercial real estate sector is the next shoe waiting to drop, possibly creating another crisis for the US economy. Many of the commercial loans coming due were packaged by Wall Street, and sold as bonds. We saw how this played out in the residential mortgage backed securities market, undoing that sector and ultimately triggering [...]
http://sjrei.org/where-is-the-inventory/
In Pittsburg, CA where we purchased a house last year, there were 530 foreclosures and there are 15 Real Estate Owned (REO’s) on the market. This does not add up – where are the houses?Here are a couple of interesting perspectives: 1. The banks are holding onto them until the market gets stronger, and they [...]
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