Through the 3rd Quarter of 2010, distressed real estate transactions (REOs, Foreclosures and Short Sales) accounted for nearly 33% of all closed transactions, the largest portion being REO and Foreclosures combining for 25% of the closed transactions. REO inventory is currently at record highs. The REO inventory of Fannie Mae, Freddie Mac and FHA increased nearly 24% in…Read more
About: Terry James
Recent Posts by Terry James
I have been interested for some time in writing about the topic of using Self Directed IRA funds to invest in real estate. The severe decline in the real estate values since 2006, a figure now hovering at -28.2% nationally, has made it an even more important topic to discuss. As a former licensed Financial…Read more
According to the National Association of Realtors report today, existing homes sales rebounded strongly in September. Sales were up 10% in September 2010 to a seasonally adjusted annual rate of 4.53 million units, a substantial increase from July's rate of 3.84 million units - a 15 year low. While these numbers are positive, sales have…Read more
The recent moratorium announced by Bank of America to halt the foreclosure process in all 50 states while it reviews whether staff may have cut corners while processing the paperwork will extend the foreclosure crisis further.Analysts predict that a moratorium "could further depress housing prices and said it would be very damaging to exactly the…Read more
Recent Comments by Terry James
No comments by Terry James yet.