Foreclosure filings in Big Bear rose in June 2010, up 25% when compared to May, continuing the zig-zag uncertainty of the Big Bear foreclosure market. Year over year, foreclosure filings were down 12% from the June 2009 numbers, the sixth straight month that foreclosure filings were down year over year. Notices of sale saw a big spike while notices of default were up modestly. The number of properties going back to the bank in June was the lowest we've seen since February 2009. Keep in mind, foreclosure filings … [Read more...]
Big Bear Home Sales – June 2010 & Second Quarter 2010
July 9, 2010 by Leave a Comment
The number of homes for sale in Big Bear continued its upward rise in June. The median sales price jumped around again, something we've seen a lot of the past 6 months, while the average sales price remained nearly the same, and Big Bear homes sales picked back up in June. Big Bear Home Sales Home sales in June were up 24% when compared to the May sales (72 v. 58). That is a nice increase but considering May was one of the slowest months we've seen the past year, 72 home sales is about average for Big Bear right … [Read more...]
Big Bear Foreclosure Numbers – May 2010
June 26, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped significantly in May 2010, down 32% when compared to April. And year over year, foreclosure filings were down 46% from the May 2009 numbers, the fifth straight month that foreclosure filings were down year over year. This is a welcome sign for an otherwise slow moving Big Bear real estate market. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after … [Read more...]
Big Bear Home Sales – May 2010
June 9, 2010 by 1 Comment
The number of homes for sale in Big Bear rose significantly in May, the second straight month we've seen the increase. Combine that with the 55 homes sold in May, the lowest number we've seen since January 2009, and it is not the type of combination you want if you are looking for an improving real estate market in Big Bear. One of the bright spots for sellers has been the limited inventory, or competition. But, that is slowly going dim. Big Bear Home Sales Home sales in May were down 28% when compared to the … [Read more...]
Buying a Fannie Mae Property – First Look Policy
June 7, 2010 by Leave a Comment
Fannie Mae properties are a lot different than other REO or bank foreclosures. Just one of the differences is the First Look program - the first 15 days a property is listed for sale (or listed on HomePath.com), they will only respond to offers from "owner occupants and those using public funds." This affects Big Bear home buyers as nearly 80% of them are second home buyers. While they can still submit their offers at anytime, they will have to wait until the 15 days expires in order to get a response from … [Read more...]
Who Knows What To Believe Anymore?
June 1, 2010 by Leave a Comment
Ever wonder why consumers lack trust in anything they read anymore? Check out these real estate market headlines I received in are recent update from C.A.R. California’s median home price up 21 percent in April from a year ago Nearly 75 percent of homes are affordable Foreclosures plateau—finally. Repossessions soar. Real estate's new problem: not enough homes What kind of homeowners choose to default? Consumer confidence on the rise Maybe it is just me, but does anyone else see the conflict in … [Read more...]
Big Bear Foreclosure Numbers – April 2010
May 22, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped 6% in April 2010 when compared to March. Year over year, foreclosure filings were down 4% from the April 2009 numbers, the fourth month in a row that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in their payments. Notices of Sale (NOS), a recorded document that is filed about … [Read more...]
