If you don't see the embedded video, click here. If you are looking for a deal in Big Bear, focus on the homes that can be sold. In 2009, 80 short sale homes actually closed escrow. That is 9% of the 893 homes that closed in the Big Bear MLS. Currently there are 66 short sale listings that are in Pending, Active Contingent, or Contingent Status. That's 39% of the total Pending, Active Contingent, or Contingent Status (170). Anyone want to guess what percentage of these will actually get accepted by the bank … [Read more...]
The California Assocation of Realtors Step Up To Help Home Buyers
April 4, 2009 by 1 Comment
Similar to many of the automotive companies and the assurances they are giving to car buyers, the California Assocation of Realtors (C.A.R) just released some reassuring news to first-time home buyers with the C.A.R. mortgage protection plan. From what I could tell, this is the first of its kind. From C.A.R. - C.A.R. launches mortgage protection plan for first-time home buyers The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today launched the C.A.R. Housing Affordability Fund Mortgage Protection Program … [Read more...]
So, We’ve Hit Bottom In Big Bear……..Not So Fast!
April 4, 2009 by Leave a Comment
[viddler id=8b2cd2a8&w=545&h=349] There's been a lot of talk recently about the real estate market in Big Bear hitting the bottom. Rightfully so, with sales up nearly 50% from last year, interest rates under 5%, the number of properties on the market down 25%, and prices down 25% to 50% from their peak, it is natural to think we are there are close to it. I guess it depends on what you call the bottom, number of sales or prices? If it is sales, then yes, we already hit bottom last year. But, prices are … [Read more...]
You Make Money When You Buy, Not Sell
March 13, 2009 by Leave a Comment
The title of this post is something I heard a few times over the years. It didn't make a lot of sense then but sure does now. Reminds me of something Warren Buffett would say. One of his most famous & recently well used quotes is "to be cautious when others are greedy, and greedy when others are cautious." Less face it, right now, a lot of people are cautious. Even with the 20-50% price drops, and more and more bank owned deals hitting the market, some buyers continue to wait on the sidelines. I am not … [Read more...]
