US Home Sales Plummet as Inventory Rises; Great Time for Central Valley Buyers
August 26, 2010
The latest figures for existing homes sales were released this week with very discouraging results. Existing homes sales have hit the largest monthly decline in history at 27.2%. This is coupled with a record breaking 11 year peak in housing inventory. On the bright side, if you are looking to buy in the San Joaquin valley, there is no better time than the present. With great inventory to choose from and 30 year fixed  mortgage rates at an all time low of 4.56% it is truly a buyer’s market.
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Increasing Central Valley Inventory to Cause a Decrease In Prices
August 20, 2010
Unfortunately, the flurry of buying activity Stockton real estate experienced this past spring has flittered away along with the federal homebuyer tax credits over the summer. Meanwhile the Stockton housing inventory has continued to grow as we head into the traditionally slow fall and winter months. As the number of potential buyers continue to diminish and housing inventory continues to increase, it is inevitable that prices will need to drop. Â
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HAMP & HAFA Foreclosure Alternatives for Central Valley Homeowners
July 28, 2010
If you are pursuing a short sale, you should have already inquired about the government’s Home Affordable Modification Program and/or the Home Affordable Foreclosure Alternatives options. If you haven’t done so already and would like to find out if you are eligible, you should contact your lender and inquire directly. You can also learn about the eligibility requirements at the following links HAMP http://makinghomeaffordable.gov or HAFA http://makinghomeaffordable.gov/hafa.html
For more information read  How new short sale rules can help you, call Pat Holkesvig & Your Home Team at 209.471.6516 or complete our Contact Us form.  Pat Holkesvig and Your Home Team are The Central Valley’s Short Sale Specialists. We process Stockton Short Sales, Elk Grove Short Sales, Lodi Short Sales, Lathrop Short Sales, Manteca Short Sales, Modesto Short Sales, Mountain House Short Sales and Tracy Short Sales.
Stockton, Short Sale in Spanos West, Stockton Home for Sale & Stockton Real Estate, 5473 Cortina Lane, Stockton, CA, 95219
June 29, 2010
For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com ! Great Stockton Short Sale in Spanos West! Beautiful yard with pool and waterfall. Open floor plan, large rooms. Loft could be converted to bedroom. Kitchen with stainless appliances and breakfast bar. Master bedroom down with walk-in closet and jetted tub. Wood flooring and upgraded cabinets. Too many amenities to list. This is a must see!
TransUnion Reports Mortgage Delinquencies Increase 50% Compared to Last Year!
February 17, 2010
The percentage of borrowers at least 60 days past due on their mortgage increased for the 12th straight quarter, hitting 6.89 percent by the end of 2009, according to new data released by TransUnion Tuesday. That%u2019s an all-time high in the credit bureau%u2019s study, dating back to 1992.
This statistic, which is traditionally seen as a precursor to foreclosure, increased 10.24 percent from the previous quarter%u2019s 6.25 percent average. Compared to the year-ago delinquency rate of 4.58 percent, past due mortgages are up a staggering 50 percent, TransUnion said.
The Chicago-based company called the recent slowing in the pace delinquency increases %u201Cshort-lived.%u201D What was starting to become a trend came to an abrupt end in the fourth quarter, when the mortgage delinquency rate accelerated instead of decelerated as it had done since the beginning of 2009.
Based on TransUnion%u2019s analysis, borrower delinquency rates last quarter continued to be highest in Nevada (16.19 percent) and Florida (14.93 percent). North Dakota (1.84 percent), South Dakota (2.46 percent), and Alaska (2.84 percent) continued to produce the nation%u2019s lowest mortgage delinquency rates.
Stockton foreclosures are going to be around for awhile. We continue to receive a large number of calls from home owners interested in pursing Stockton short sales.
