Friday, December 31, 2010

OMG! Belly Fat Be Gone!

Get Rid of Belly Fat

If you want to banish belly fat, you've gotta do something fairly counterintuitive: eat.

 

Yep, that's right. Don't starve yourself. Eat. Research shows that dieting too intensely or tracking every morsel too closely creates the perfect conditions for adding belly fat, not subtracting it.

 

Don't Mess with Stress
A new study tracked the tension levels of 121 female dieters for 3 weeks and showed some concerning results. Those who followed a strict low-cal eating plan -- consisting of prepackaged meals totaling 1,200 calories a day -- experienced a significant rise in their levels of the stress hormone cortisol. And that can spell big trouble when it comes to belly management. Cortisol tells your body to store more calories in your midsection, exactly where you don't want it. On top of that, feeling stressed-out can make sticking with any weight loss plan feel darn near impossible. (Find out how to ease financial stress with the tips in this video.)

 

Take Note of This
Researchers also found that the women who kept super-detailed food diaries felt way more stressed-out than the people who were inclined to wing it. So while it's good to think about what you're putting into your mouth, don't obsess about it. Watch portion sizes, choose healthy foods, be aware of how many times you visit the snack cupboard, but don't make things too difficult. Here are some additional tension-free ways to target a tubby-free torso:

 

 

Posted via email from RealtorPeg

2010 New Housing Starts - CBIA

California Housing Starts in 2010

California builders are likely to remember 2010 as the second-slowest year on record for new housing starts, based on California Building Industry Association figures released Tuesday.

CBIA numbers - as well as comments from Inland Empire planners and builders - show the Ontario-San Bernardino-Riverside market is similarly slow.

Apartment and condo permits issued in the Ontario-San Bernardino-Riverside area are down by nearly 7 percent in 2010 through November.

But single-family permits have increased. Builders have pulled 4,565 permits for single-family homes through November. That number signifies an increase of 204 houses - or 4.7 percent - over 2009.

And there are signs of pending construction activity within the area. Upland-based Lewis Operating Co.'s apartment division is working toward getting permits for a 192-unit apartment development in Rancho Cucamonga.

The project, called Santa Barbara, would be built north of the Terra Vista shopping complex.

"We will be working with the city. We would hope to begin construction in 2011. We hope to get occupancies in 2012," said Randall Lewis, Lewis Operating executive vice president, who also said the project will be marketed as a luxury product.

Rancho Cucamonga planner Tabe Van Der Zwaag said he expects developers to be more active during the coming year in seeking approvals, but he still expects to see considerable caution when it comes to actual construction.

"Commercial is dead, but residential seems to be heating up," he said.

The California BIA's statistics show a 3.8 percent decline in permits issued up and down the state for new single-family homes. Those numbers compare permits issued through November with the same 11-month period in 2009.

A nearly 60 percent increase in the number of permits given for new California apartments and condos, however, means builders are on pace to begin more new residential projects this year than 2009, which was the slowest on record.

KB Home, which on Monday debuted three new neighborhoods at Lewis' Shady Trails development in north Fontana, still has yet to pull permits for all but six of the 171 homes expected to be built there, company spokesman Robert Kronenfeld said.

"We're looking to begin pulling permits once sales commence," he said.

Montclair is another city where planners are expecting to issue permits in 2011. The City Council there has given this year entitlements for the 365-unit Paseos and 129-unit Arrow Station projects.

Permits could be issued around mid-2011, Community Development director Steve Lustro said.

In Chino, permitting activity was slow in the city's large-scale Preserve and College Park, which are ultimately expected to be the site of homes for tens of thousands.

via The Sun

Posted via email from RealtorPeg

Thursday, December 30, 2010

BOWEN BEER BOTTLE BAND

How curiously fun ........ Check it out just for kicks!!!


 
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

CA Home Sales Down 12% From 1 Yr Ago

California Home Sales Down 12 Percent from Last Year

California continued to feel the housing slump in November with a 12.4 percent decrease in sales from last year, according to statistics from MDA DataQuick. An estimated 31,403 new and resale houses and condos were sold statewide last month-down 3.9 percent from October.

The average number of homes sold in California during a typical November month is 39,987, based on MDA DataQuick’s statistics, which go back to 1988.

The median price paid for a home last month was $255,000, down 0.4 percent from $256,000 in October and down 2.3 percent from $261,000 in November 2009. After eleven months of increases, the year-over-year decrease was the second in a row for the Golden State. April 2009 is at the bottom of the current cycle with a median price of $221,000.

Foreclosure sales were 37.8 percent of the existing homes sold last month in California, up from a revised 36.7 percent in October and down from 40.1 percent in November a year ago. These foreclosure sales numbers are still lower than the peak hit in February 2009 of 58.5 percent.

MDA DataQuick is a division of MDA Lending Solutions, which was acquired by the private investment firm TPG Capital from MacDonald Dettwiler and Associates last month. MDA DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies, and industry analysts.

Posted via email from RealtorPeg

Wednesday, December 29, 2010

San Diego Uptown Area Median Condo Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:

Ø  Compared to 1 mo ago, 62% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was South Park / Golden Hill with a 57% increase over values of the prior month and 7 condos sold in the most current month, and following closely are both Ocean Beach & Clairemont Mesa with a 53% increase respectively.

Ø  Compared to 2 mos ago, the market value of 46% are still either at a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Here we have our leader being Point Loma with a 129% increase over values of 2 mos ago, but with only 2 condos sold, we have to give equal attention to Ocean Beach with an 82% increase and 5 condos sold. Also, over both of the past 2 mos straight, 38% of zips have shown an increase or stayed essentially the same in market value for both months.

Ø  Compared to 1 year ago, we have 54% with a market value either higher or essentially the same (within +/-5%).  In the 1 yr category, again with an 82% increase over market values of 1 yr ago, is Ocean Beach.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

62%

78%

2 MO AGO

46%

61%

1 YR AGO

54%

72%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "San Diego Leading Economic Indicators Up In Nov 2010 Says USD's Alan Gin", and also further down, see a brief summary "San Diego's Economy Shows Improvement".

Cheers & Happy New Year!  - Peg 

Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Clairemont Area Median Condo Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

For CONDOS, in the 13 different zip codes which I track, the median sold prices look like:

Ø  Compared to 1 mo ago, 62% of zips either went up in market value or stayed essentially the same (within +/-5% market value). Most notable of these was South Park / Golden Hill with a 57% increase over values of the prior month and 7 condos sold in the most current month, and following closely are both Ocean Beach & Clairemont Mesa with a 53% increase respectively.

Ø  Compared to 2 mos ago, the market value of 46% are still either at a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. Here we have our leader being Point Loma with a 129% increase over values of 2 mos ago, but with only 2 condos sold, we have to give equal attention to Ocean Beach with an 82% increase and 5 condos sold. Also, over both of the past 2 mos straight, 38% of zips have shown an increase or stayed essentially the same in market value for both months.

Ø  Compared to 1 year ago, we have 54% with a market value either higher or essentially the same (within +/-5%).  In the 1 yr category, again with an 82% increase over market values of 1 yr ago, is Ocean Beach.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

62%

78%

2 MO AGO

46%

61%

1 YR AGO

54%

72%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "San Diego Leading Economic Indicators Up In Nov 2010 Says USD's Alan Gin", and also further down, see a brief summary "San Diego's Economy Shows Improvement".

Cheers & Happy New Year!  - Peg 

Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Uptown Area Median House Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

 For HOUSES in the 18 different zip codes which I track, the median sold prices look like: 

Ø  Compared to 1 mo ago, 78% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Pacific Beach with a 35% increase on 13 houses sold and Ocean Beach at a 28% increase and 11 houses sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 61% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is Kensington / Normal Heights with a 32% increase and is essentially tied with Ocean Beach at a 31% increase over market values of 2 mos prior. And additionally, 61% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we have 72% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have one more time, Ocean Beach leads this pack with a 32% increase above market values of 1 yr ago.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

54%

66%

2 MO AGO

62%

66%

1 YR AGO

62%

45%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".

Cheers & Happy New Year!  - Peg 
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Coastal Area Median House Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

 For HOUSES in the 18 different zip codes which I track, the median sold prices look like: 

Ø  Compared to 1 mo ago, 78% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Pacific Beach with a 35% increase on 13 houses sold and Ocean Beach at a 28% increase and 11 houses sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 61% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is Kensington / Normal Heights with a 32% increase and is essentially tied with Ocean Beach at a 31% increase over market values of 2 mos prior. And additionally, 61% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we have 72% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have one more time, Ocean Beach leads this pack with a 32% increase above market values of 1 yr ago.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

54%

66%

2 MO AGO

62%

66%

1 YR AGO

62%

45%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".

Cheers & Happy New Year!  - Peg 
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Clairemont Area Median House Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

 For HOUSES in the 18 different zip codes which I track, the median sold prices look like: 

Ø  Compared to 1 mo ago, 78% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Pacific Beach with a 35% increase on 13 houses sold and Ocean Beach at a 28% increase and 11 houses sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 61% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is Kensington / Normal Heights with a 32% increase and is essentially tied with Ocean Beach at a 31% increase over market values of 2 mos prior. And additionally, 61% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we have 72% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have one more time, Ocean Beach leads this pack with a 32% increase above market values of 1 yr ago.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

54%

66%

2 MO AGO

62%

66%

1 YR AGO

62%

45%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".

Cheers & Happy New Year!  - Peg 

 
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Tierrasanta Area Median House Prices thru Nov '10

Greetings,

The latest in San Diego SOLD home prices through Nov, 2010.

 For HOUSES in the 18 different zip codes which I track, the median sold prices look like: 

Ø  Compared to 1 mo ago, 78% of our zips either went up in market value or stayed essentially the same (within +/-5% market value). Here we have Pacific Beach with a 35% increase on 13 houses sold and Ocean Beach at a 28% increase and 11 houses sold in the most current month.

Ø  Compared to 2 mos ago, the market value of 61% are still either a higher value or stayed essentially the same (within +/-5%) as they were 2 mos ago. The leader in the 2 month category is Kensington / Normal Heights with a 32% increase and is essentially tied with Ocean Beach at a 31% increase over market values of 2 mos prior. And additionally, 61% of zips have shown an increase or stayed the same in market value for the past 2 mos straight.

Ø  Compared to 1 year ago, we have 72% of zips with a market value either higher in market value or essentially the same (within +/-5%) compared to 1 yr ago. Here we have one more time, Ocean Beach leads this pack with a 32% increase above market values of 1 yr ago.

To summarize:   The below chart gives you an excellent overview of San Diego by comparing the percentages of my tracked zip codes that either increased or held steady in home value:

NOV 2010

CONDOS

HOUSES

1 MO AGO

54%

66%

2 MO AGO

62%

66%

1 YR AGO

62%

45%

For more info on falling-rising home prices, scroll down this blog a bit further and check out "Oct, 2010 Foreclosures Down 4% from Sept, 2010", and also see further down, "Inventory of Homes For Sale Drops".

Cheers & Happy New Year!  - Peg 
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
890 W Washington St.
San Diego, CA 92103
Cell:  (619) 301-8589

Posted via email from RealtorPeg

San Diego Leading Economic Indicators Up In Nov 2010 Says USD's Alan Gin

Leading Economic Indicators Up in November

Note: The tentative release date for next month's report is January 28.

December 21, 2010 -- The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County rose 0.3 percent in November. Leading the way to the upside were big gains in the outlook for the national economy and initial claims for unemployment insurance. There were smaller increases in local stock prices and consumer confidence. These outweighed another sharp drop in building permits and a small decrease in help wanted advertising to help break a string of three straight months where the USD Index was unchanged.

Index of Leading Economic Indicators 
The index for San Diego County that includes the components listed below (November
Source: USD
 Burnham-Moores Center for Real Estate
+ 0.3 % 
Building Permits 
Residential units authorized by building permits in San Diego County (November)
Source: Construction Industry Research Board
 
- 1.86% 
Unemployment Insurance 
Initial claims for unemployment insurance in San Diego County, inverted (November

Source: Employment Development Department 
+ 1.21% 
  Stock Prices 
San Diego Stock Exchange Index (November) 
Source: San Diego Daily Transcript 
+ 0.22%
Consumer Confidence 
An index of consumer confidence in San Diego County (November) 
Source: San Diego Union-Tribune
+ 0.21% 
  Help Wanted Advertising 
An index of online help wanted advertising in San Diego (November) 
Source: Monster Worldwide
- 0.13% 
National Economy 
Index of Leading Economic Indicators (November) 
Source: The Conference Board 
+ 2.09% 

November’s gain marked the 20th consecutive month where the USD Index has either increased or remained unchanged. The outlook then remains unchanged from that of recent months: Slow to moderate growth is expected in the local economy for at least most of 2011. A key development occurred in the local labor market in November, when nonfarm wage and salary employment increased by 100 compared to the same month in 2009. While the gain was tiny, it was the first time since the downturn began in April 2008 that the year-over-year employment comparison was positive. The forecast for 2010 is for a gain of 10,000 to 15,000 jobs, with healthcare, business and professional services, leisure and hospitality, and construction to be the biggest gainers. Manufacturing and government are the sectors to remain under the most pressure.

Highlights: The trend in residential units authorized by building permits remains negative. Residential units authorized will be up this year compared to last, but will still be the second lowest on record. Permits in 2011 are expected to be up significantly to about 4,500 to 5,000 for the year. This will partly be due to firmness in the housing market, where prices are expected to increase 5 to 7 percent as employment rebounds. . . After a month in which both components were positive for the first time since March, the labor market variables turned mixed again in November. Initial claims for unemployment insurance fell below 20,000 in a month for the first time since September 2008. The hiring side of the market was weak though, with help wanted advertising dropping for the first time in a year. The net result was that the local unemployment rate rose to 10.4 percent in November, up from 10.3 percent in October. . . Local consumer confidence edged up for the seventh straight month. Except for July, though, most of those increases have been relatively small, indicating that consumers are optimistic, but only cautiously so. As mentioned previously, it will take significant improvement in the labor market and the unemployment rate before consumer confidence really begins to surge. . . Local stock prices were up again in November, as investors remained positive about the prospects for San Diego-base companies. . . The news for the national economy remains positive, with the national Index of Leading Economic Indicators up for the fifth straight month. Like the local economy, growth nationally is expected to be slow to moderate, with GDP growth in the range of 3 to 3.5 percent in 2011. While better than in recent quarters, the growth will not be enough to generate a large number of jobs. As a result, the national unemployment rate is likely to remain in the high 8 percent range.

November’s increase puts the USD Index of Leading Economic Indicators for San Diego County at 110.3, up from October’s reading of 110.0. Although the data for building permits were revised for October and the national Index of Leading Economic Indicators was revised for September and October, there was no change to the previously reported values for the USD Index or the changes for those months. Please visit the Website address given below to see the revised changes for the individual components. The values for the USD Index for the last year are given below:

Index

% Change
2009 NOV 106.5 +0.1%
  DEC 107.2 +0.7%
2010 JAN 107.7 +0.5%
  FEB 107.9 +0.2%
  MAR 109.0 +1.0%
  APR 109.2 +0.1%
  MAY 109.5 +0.3%
  JUN 109.7 +0.2%
  JUL 110.0 +0.3%
  AUG 110.0 +0.0%
  SEP 110.0 +0.0%
  OCT 110.0 +0.0%
NOV 110.3 +0.3%

Home - All Months



For more information on the University of San Diego's Index of Leading Economic Indicators, please contact:

Professor Alan Gin 
School of Business Administration 
University of San Diego 
5998 Alcalá Park 
San Diego, CA 92110 
TEL: (858) 603-3873 

FAX: (858) 484-5304 

E-mail: agin@san.rr.com

Posted via email from RealtorPeg

Foreclosures Rise, Mortgage Delinquencies Decline 11/2010

Foreclosures on the rise in November however mortgage delinquences decline

A “first-look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data, is somewhat encouraging as it shows the U.S. mortgage delinquency rate (not including foreclosures) for October was 9.02 percent which is a decrease of almost 3 percent from October’s rate of 9.29 percent.

On the other hand, the foreclosure rate for November was 4.08 percent, a 4.0 percent increase from October and an 8.0 percent increase from a year ago.

I still expect it will be some time before the foreclosure rate levels off and eventually starts to recede due to the number of them “in the pipeline”, however, the declining mortgage delinquency rates point to declining foreclosure rates in the future…hopefully sooner than later.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 9.02%
Month-over-month change in delinquency rate: -2.9%
Year-over-year change in delinquency rate: -15.6%
Total U.S. foreclosure pre-sale inventory rate: 4.08%
Month-over-month change in foreclosure presale inventory rate: 4.1%
Year-over-year change in foreclosure presale inventory rate: 8.0%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,768,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,161,000
Number of properties in foreclosure pre-sale inventory: (B) 2,157,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,925,000
States with highest percentage of non-current* loans: FL, NV, MS, GA, NJ
States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND

Posted via email from RealtorPeg

Rates, 1st Time Homebuyers Drive Market 11/2010

Rising Rates, First-Time Homebuyers Drive Market in November

Rising mortgage rates helped push first-time homebuyers to buy properties in November, while investors lost some of their enthusiasm for distressed properties last month. These are two of the major findings of the latest HousingPulse Tracking Survey released by the market research firm Campbell Surveys Monday.

The company found that first-time buyers’ share of home purchases jumped from 34.4 percent in October to 37.2 percent last month as long-term mortgage rates started to climb from the record lows set in early November.

Meanwhile, investor activity continued a two-month decline, falling from 21.4 percent of home purchase transactions in October to 19.9 percent in November, according to the survey results. During September, investor participation peaked at 22.3 percent, a 15-month high.

Separately, the share of home purchases made by existing homeowners also fell in November, going from 44.2 percent in October to 42.9 percent last month, Campbell Surveys reported.

“The recent surge in interest rates has made potential homebuyers nervous,” explained Thomas Popik, director of the HousingPulse survey. “If rates go up much more, then a good percentage of them will no longer qualify for the properties they want. As a result, they’re making bids on homes and quickly closing before their rate locks expire.”

Real estate agents responding to the latest survey commented on the rate-induced surge of homebuyer interest. “First-time buyers are back looking at homes,” reported an agent in Oregon.

“Interest rates have helped spur recent activity,” added an agent in Colorado.

Current homeowners, many of whom must sell their current residence to purchase another, are often precluded from quickly closing on properties, Popik noted, in explaining their reduced share of home purchase transactions in November.

Campbell Surveys found that not all types of property sales were impacted by the recent rise in mortgages rates – namely short sales, which require many months to obtain mortgage-servicer approval.

“Homebuyer concern for locking in interest rates while rates are low caused them to bypass short sale listings,” commented an agent in Hawaii.

“Most people are not prepared to wait for a short sale to settle…Buyers are concerned that interest rates are rising and don’t want to take a chance by agreeing to settle 5 or 6 months in the future,” wrote an agent in Virginia.

The large inventory of distressed properties is making investors nervous that prices will decline in 2011, Popik reported, adding that many investors see their previous business model – buy, rehab, and immediately sell – becoming increasingly difficult to execute and are now being forced to rent their properties.

“Investors are starting to get a little flaky and aren’t closing after getting short sale approval as they feel prices will drop further,” stated an agent in Arizona.

“Investors interested in buy and hold have become more numerous in recent months,” according to an agent in Virginia.

Campbell’s HousingPulse Tracking Survey polls more than 3,000 real estate agents nationwide each month to provide up-to-date market data on home sales and mortgage usage patterns.

Posted via email from RealtorPeg