A Look at Inventory Levels…

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I consider myself a geek.  I love geeking out over numbers and in Real Estate there is no shortage of numbers to geek out over. For those of you that have read or watched my market updates in the past, you know that one of the indicators I like to watch is “Months of Inventory”.  This can help you figure out if you’re in a balanced market, a seller’s market or a buyer’s market. In general, 0-3 months worth of ...

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Seriously Underwater Properties Down by 2.2 Million

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Home above waterA new report out by RealtyTrac shows that seriously underwater properties are down by 2.2 million in the US. RealtyTrac defines “Seriously Underwater” homes as those homes where the mortgage value is at least 25% higher than the value of the home.

Why is this significant? Well the obvious answer is ...

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