Frustrations with empty-nester downsizing in my market

There are two major trends occurring in real estate which will affect certain areas of the market more than others. But, bottom line, these are trends that will become abundantly clear over the next few years …

Distressed sales falling nationwide but still high in Florida, Illinois

At its peak in January 2009, distressed home sales accounted for 32.4 percent of all sales. That number has now dropped to 8.4 percent, nationally, with some states reporting even lower figures.

Cash sales nearing pre-recession numbers, CoreLogic says

During the month of April, about one of three home purchases was paid for in cash, according to CoreLogic. Although that seems like a steep percentage, it’s actually lower than the year before …

Distressed home sales falling nationwide, but not in all metros

Distressed homes accounted for 8.8 percent of the total national home sales in April 2016, according to CoreLogic. Although this number is still not at the comfortable level America was enjoying pre-housing crisis, it’s a sign that things are leveling …

PLG Estates: What is a short sale?

In this weekly video series, Peter Lorimer of PLG Estates talks about short home sales and how to work with them …

Podcast: Why now is not the time to ignore short sales

If you think there’s no inventory in your market, you’re missing the hundreds of distressed properties in your MLS. Short sale expert and real estate coach Michele McClintock says she’s already seeing it. Her coaching clients are asking to enroll in short sale training and with her connections in the industry, McClintock can barely name a ZIP code that doesn’t have distressed owners in growing numbers …

Cash buyers are still out there, except in DC

Many only dream of plunking down a wad of hard, cold cash to buy a home, but a substantial number of homebuyers still do it. Just not in our nation’s capitol …

California’s not dreaming: September’s residential numbers continue to surprise

In new data released by CoreLogic, residential real estate purchases in Southern California saw a small uptick over this August, and a big spike over the same month last year …

CoreLogic: Distressed home sales on pace to fall to precrisis levels by 2018

Distressed home sales typically decrease around this time of year due to seasonal factors, but short sales and sales of real estate owned (REO) properties this June fell to their lowest June rates since 2007, CoreLogic reported this week …

Millions are returning to the homebuying market — here’s what you should know

There are many who defaulted on their mortgages because of a job loss or personal disaster, who otherwise would have paid responsibly. These defaulted mortgages resulted in short sales or foreclosures. These defaults were the product of decisions made …