Lori Uhl McClelland's Blog

http://www.zillow.com/blog/more-markets-head-into-double-dip/2010/03/24/

http://www.car.org/governmentaffairs/stategovernmentaffairs/homebuyertaxcredit/

Single Family Residential

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Actives:

San Benito County-147 of which REO/Bank Owned-26 or 18%

Hollister-82 of which REO/Bank Owned-15 or 18%

Pendings:

San Benito County-235 of which REO/Bank Owned-48 or 20%

Hollister-194 of which REO/Bank Owned-38 or 20%

Absorption Rate:

San Benito County-.63 months supply of inventory or 19 days

Hollister-.42 months supply of inventory or 13 days

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Solds for the week: 10

High: $535,000 Equity Sale, All CASH

Low:  $75,000  Short Sale, All CASH

Full-Price or Over-Asking: 6 or 60%

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Sale Type:

REO/Bank Owned-5 or 50%

Short Sale-4 or 40%

Equity Sale-1 or 10%

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Financing Type:

All CASH-4 or 40%

FHA Loan-4 or 40%

New Conv. 1st-2 or 20%

http://www.thinkbigworksmall.com/mypage/player/tbws/25003/1079262

Single Family Residential

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Actives:

San Benito County-154 of which REO/Bank Owned-28 or 18%

Hollister-87 of which REO/Bank Owned-18 or 21%

Pendings:

San Benito County-223 of which REO/Bank Owned-47 or 21%

Hollister-186 of which REO/Bank Owned-37 or 20%

Absorption Rate:

San Benito County-.69 month’s supply of inventory or 21 Days

Hollister-.47 month’s supply of inventory or 14 Days

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Solds for the week: 9

High: $610,000 REO/Bank Owned-New Conv. 1st

Low:  $240,000 REO/Bank Owned-FHA Loan

Full-Price or Over-Asking: 6 or 67%

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Sale Type

REO/Bank Owned: 5 or 56%

Short Sale: 2 or 22%

Equity Sale: 2 or 22%

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Financing Type

New Conv. 1st: 5 or 56%

FHA Loan: 2 or 22%

USDA Loan: 2 or 22%

All CASH: none

http://www.thinkbigworksmall.com/mypage/player/tbws/24643/1079262

Industry Statistics for last quarter 2009

Single Family Residential

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Actives:

San Benito County-149 of which REO/Bank Owned-25 or 17%

Hollister-83 of which REO/Bank Owned-16 or 20%

Pendings:

San Benito County-215 of which REO/Bank Owned-47 or 22%

Hollister-182 of which REO/Bank Owned-36 or 20%

Absorption Rate:

San Benito County-.69 months supply of inventory or 21days

Hollister-.46 months supply of inventory or 14days

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Solds for the week: 14

High: $839,000 Short Sale, All CASH

Low:  $155,000 REO/Bank Owned, New Conv. 1st

Full-Price or Over-Asking: 7 or 50%

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Sale Type:

REO/Bank Owned-8 or 57%

Equity Sale-4 or 29%

Short Sale-2 or 14%

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Financing Type:

FHA Loan-5 or 36%

New Conv. 1st-4 or 29%

All CASH-3 or 21%

USDA Loan-1 or 7%

Seller Carry-Back-1 or 7%

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Wow! A Seller Carry-Back……the whole world would have us believe that nobody has any equity in their property when I’ve been told a several industry events that 30% of U.S. homes have no mortgage against them….things that make ya go hummmmm…..

http://www.thinkbigworksmall.com/mypage/player/tbws/24394/1079262

http://www.preventloanscams.org/

This site is worth passing on to anyone that may have been victimized by a loan mod scam…..

There’s a ton of great info also on this site. Click on your state and they actually name names of allegeded scammers…