Lori Uhl McClelland's Blog

Homebuyer Tax Credit Chart 2010

HAFA Short Sale Fact Sheet from CAR

http://rismedia.com/2010-03-30/fed-up-homeowners-who-can-pay-the-mortgage-dont/

http://www.thinkbigworksmall.com/mypage/player/tbws/25859/1079262

http://articles.latimes.com/2010/feb/20/business/la-fi-onewest20-2010feb20

http://www.thinkbigworksmall.com/mypage/player/tbws/25769/1079262

Single Family Residential

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Active:

San Benito County-140 of which REO/Bank Owned-25 or 18%

Hollister-78 of which REO/Bank Owned-17 or 22%

Pending:

San Benito County-245 of which REO/Bank Owned-48 or 20%

Hollister-200 of which REO/Bank Owned-37 or 19%

 Absorption Rate:

San Benito County-.57 months supply of inventory or 17 days

Hollister-.39 months supply of inventory or 12 days

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Solds for the week: 12

High-$452,000 REO/Bank Owned, New Conv. 1st

Low- $137,000 Short Sale, FHA Loan

Full-Price or Over-Asking: 7 or 58%

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Sale Type:

REO/Bank Owned-8 or 67%

Short Sale-2 or 17%

Equity Sale-2 or 17%

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Financing Type:

FHA Loan-5 or 42%

New Conventional 1st-33%

USDA Loan-2 or 17%

VA Loan-1 or 8%

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The stats remain very consistant week after week……

http://www.realtor.org/rmodaily.nsf/pages/News2010032202?OpenDocument

http://www.npr.org/templates/story/story.php?storyId=111494514

Our unemployment rate for San Benito County is over 21%…holy moly!

http://www.bloomberg.com/apps/news?pid=20601206&sid=aHKGXNCBX4AQ

http://www.financialarmageddon.com/