Now is the time to buy! What are you waiting for?
Check out these numbers! Home affordability in California drops another 2% in the last quater from 53% to 51% says the California Association of Realtors. Remember the high prices in 2005? Then, only 14% of the population in California could afford to buy a median priced single family Home…
Don’t wait for that so called “shadow inventory” to hit the market…there is no such thing. 75% of the home owners who are in defailt on their Mortgages-have gone in to default, because they were forced by their lender to do so-in order to qualify for a loan modification…those homes never will reach the Short Sale or Foreclosure markets-so what are you waiting for?
For stats and Foreclosure information for your specific area or neighborhood, call your Foreclosure expert…me!