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Old 09-30-2011, 02:46 PM
 
Location: Morehead City, NC
1,676 posts, read 5,357,197 times
Reputation: 1244

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Short sales are at an all time high. But is that about to change? Here's an article I wrote for The Examiner that explores that topic:

Is the Tide Changing on Short Sales? - Raleigh Real Estate Headlines | Examiner.com
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Old 09-30-2011, 02:52 PM
 
Location: San Diego, CA
144 posts, read 452,840 times
Reputation: 73
To me, from a layman's point of view, with the economy going nowhere I don't think anything is going to change a whole lot.
That is unless, of course, banks start to dump their inventory of houses that are in default.
This doesn't even take into account commercial properties.
Simple outlook, I know, but the way I see it we have a ways to go before we hit the bottom.
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Old 09-30-2011, 03:55 PM
 
Location: Winston-Salem
700 posts, read 1,436,942 times
Reputation: 310
I think you are right. Short sells will be reduced as straight up foreclosure to bank owned property auctions will increase.
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Old 09-30-2011, 04:31 PM
 
Location: San Diego, CA
144 posts, read 452,840 times
Reputation: 73
Quote:
Originally Posted by Since72 View Post
I think you are right.
Don't tell anyone I work with, they will think the world has turned upside down
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Old 10-04-2011, 02:14 AM
 
Location: Greenville, NC
2,078 posts, read 5,041,808 times
Reputation: 1160
Bill, there are so many reports coming out right now that it's impossible to keep up with them. Unfortunately, most of them are negative in nature.
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Old 10-04-2011, 08:53 AM
 
Location: Morehead City, NC
1,676 posts, read 5,357,197 times
Reputation: 1244
Quote:
Bill, there are so many reports coming out right now that it's impossible to keep up with them.
Richard-You are so correct. Who and what to believe? And yes-Most are negative in nature. Well, not unless you read the reports generated by National Association of Realtors!
I think it is important to look at hard core numbers in comparison to years past in a specific market. The national scene often times is no where similar to a local market.
As far as negative, well I guess it depends on whether sales or good or bad and if you're a buyer or seller!
I've got another beach real estate report in the works.
Bill
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