Short Sales And Foreclosures Are Large Part of San Jose And National Real Estate Market

According to a recent article in CNN Money (Home prices show stability after modest gain), short sales and foreclosures account for 50% or more of sales in some metro areas. The high level of sales are driven by the sheer number of homeowners behind on their payments – 14%+ in California and San Jose – and by the discounts buyers are finding in short sales and foreclosures. Short sales and foreclosures are averaging a 27% discount versus conventional sales according to a study by MIT economist Parag Pathak and Harvard researchers John Campbell and Stefano Giglio.

It looks like short sales and foreclosures will remain a significant portion of the San Jose, CA real estate market for the rest of 2010 and probably most of 2011. If you’re planning to purchase a home in San Jose, make sure your strategy includes short sales and foreclosures.

This entry was posted in Short Sales News. Bookmark the permalink.

One Response to Short Sales And Foreclosures Are Large Part of San Jose And National Real Estate Market

  1. This blog appears to get a good ammount of visitors. How do you advertise it? It gives a nice individual spin on things. I guess having something useful or substantial to talk about is the most important thing.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>