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Positive Equity Up, Many U.S. Homes Still Underwater

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A Corelogic analysis of quarterly data from 2013 revealed expected, and unexpected, results of equity of mortgaged homes nationwide. According to the Corelogic report, 4 million homes gained value and moved into the black with positive equity in 2013, that is 42.7 million homes nationwide.

CorelogicAlso according to the same Corelogic analysis, 6.5, million homes are still underwater and with out equity, a.k.a. negative equity, by the end of 2013. That’s 13.3% of residential homes nationwide.

The quarterly growth rate of the Home Price Index also shows a slowdown quarter to quarter in 2013, which indicates the level of underwater homes will stay in the red for longer than many hoped.

So what does this means for Southern California homeowners and our real estate market? The answer depends on each unique situation. Homeowners cresting the equity line will either realize some return if selling, while others will experience a ‘wash sale’, which is a sale without any monetary realization, but not a short sale neither.

Are you considering buying or selling your Southern California home? Do you want to investigate further how much equity you could have, if any? Call or email us anytime to discuss your particular situation:

February 2015 / Riverside CA – Housing Market Snapshot

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February 2015 / Riverside CA – Housing Market Snapshot

– Real Estate Short Sales, Foreclosures & Standard Sales –

Below is a quick summary of Riverside, California real estate short sales, foreclosures and REOs and standard sales for the month of February 2015, according to the largest MLS in the country, the CRMLS.

This Riverside, California report consists of Riverside sales, Riverside active listings and Riverside pending sales, and also includes Riverside short sales, Riverside foreclosures and REOs, Riverside standard sales and other Riverside sales and listings like Riverside probate sales and Riverside home auctions.

{Riverside short sale agents}

Please keep in mind some status can overlap. For instance, a Riverside home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of Riverside home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:

According to the CRMLS (Multiple Listing Service), there were 220 closed Riverside home sales in February, 2015. Below is a break-down of those Riverside sales:

Riverside, California Closed Sales – February 2015
Sold Riverside Standard Sales 189
Sold Riverside Short Sales 14
Sold Riverside Foreclosure REO Sales 15
Sold Riverside Probate, Auction & Other Sales 3

 

According to the CRMLS (Multiple Listing Service), there are 148 pending Riverside home sales in February, 2015. Below is a break-down of those Riverside pending sales:

Riverside, California Pending Home Sales – February 2015
Pending Riverside Standard Sales 110
Pending Riverside Short Sales 26
Pending Riverside Foreclosure REO Sales 12
Pending Riverside Probate, Auction & Other Sales 3

 

According to the CRMLS (Multiple Listing Service), there are 161 newly listed active Riverside home listings in February, 2015. Below is a break-down of those Riverside listings:

Riverside, California New Home Listings – February 2015
New Riverside Standard Sale Listings 145
New Riverside Short Listings 11
New Riverside Foreclosure REO Listings 4
New Riverside Probate, Auction & Other Listings 2

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Are you considering buying or selling a Riverside, California home? Let us help! We have the experience to negotiate your Riverside home sale or purchase quickly and favorably.

 

Call us now:

Garrigus Real Estate Group

Call (888) 9-List-It

That’s (888) 954-7848

February 2015 / Fontana CA – Housing Market Snapshot

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February 2015 / Fontana CA – Housing Market Snapshot

– Real Estate Short Sales, Foreclosures & Standard Sales –

Below is a quick summary of Fontana, California real estate short sales, foreclosures and REOs and standard sales for the month of February 2015, according to the largest MLS in the country, the CRMLS.

This Fontana, California report consists of Fontana sales, Fontana active listings and Fontana pending sales, and also includes Fontana short sales, Fontana foreclosures and REOs, Fontana standard sales and other Fontana sales and listings like Fontana probate sales and Fontana home auctions.

{Short Sale Real Estate Agents in Fontana CA}

Please keep in mind some status can overlap. For instance, a Fontana home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of Fontana home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:

According to the CRMLS (Multiple Listing Service), there were 132 closed Fontana home sales in February, 2015. Below is a break-down of those Fontana sales:

Fontana, California Closed Sales – February 2015
Sold Fontana Standard Sales 106
Sold Fontana Short Sales 13
Sold Fontana Foreclosure REO Sales 11
Sold Fontana Probate, Auction & Other Sales 4

 

According to the CRMLS (Multiple Listing Service), there are 122 pending Fontana home sales in February, 2015. Below is a break-down of those Fontana pending sales:

Fontana, California Pending Home Sales – February 2015
Pending Fontana Standard Sales 98
Pending Fontana Short Sales 16
Pending Fontana Foreclosure REO Sales 5
Pending Fontana Probate, Auction & Other Sales 3

 

According to the CRMLS (Multiple Listing Service), there are 74 newly listed active Fontana home listings in February, 2015. Below is a break-down of those Fontana listings:

Fontana, California New Home Listings – February 2015
New Fontana Standard Sale Listings 68
New Fontana Short Listings 3
New Fontana Foreclosure REO Listings 1
New Fontana Probate, Auction & Other Listings 2

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Are you considering buying or selling a Fontana, California home? Let us help! We have the experience to negotiate your Fontana home sale or purchase quickly and favorably.

 

Call us now:

Garrigus Real Estate Group

Call (888) 9-List-It

That’s (888) 954-7848

Corona CA Homes Days on Market Report – Jan 2013 to Feb 2015

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Jan 2013 to Feb 2015

Corona CA Homes Days on Market Report

Below is a graph report highlighting Corona, California homes Days on Market from January 2013 to February 2015. This report includes all Corona homes that have sold or have been on the market during this time-frame, including all Corona standard sales, Corona short sales (Corona Short pay sales), Corona wash sales, Corona tidewater sales and Corona foreclosure sales (REO and bank-owned).

{REALTORS ® in Corona, California}

This graph also includes all types of Corona home sales and listings, including Corona single family residences, Corona condominiums and townhouses and all other types of Corona, California homes, excluding Corona mobile home units.

This Corona CA Days on the Market report graph is fairly self-explanatory, using Corona CA real estate MLS data to determine the average days on the market Corona real estate is recording in correlation to the time of month and year this Corona report focuses on:

January 2013 to February 2015

Corona CA Homes Days on Market Report – Jan 2013 to Feb 2015

Have questions or need Corona CA real estate assistance? Call us!

Call (951) 490-3698

Email: GarrigusRealEstate@Yahoo.com

Our use the easy contact form below and we will get back to you as soon as possible:

February 2015 / San Bernardino County CA – Housing Market Report Snapshot

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February 2015 / San Bernardino County CA – Housing Market Snapshot

– Real Estate Short Sales, Foreclosures & Standard Sales –

Below is a quick summary of San Bernardino County, California real estate short sales, foreclosures and REOs and standard sales for the month of February 2015, according to the largest MLS in the country, the CRMLS.

This San Bernardino County, California report consists of San Bernardino County sales, San Bernardino County active listings and San Bernardino County pending sales, and also includes San Bernardino County short sales, San Bernardino County foreclosures and REOs, San Bernardino County standard sales and other San Bernardino County sales and listings like San Bernardino County probate sales and San Bernardino County home auctions.

{San Bernardino County Short Sale Agent}

Please keep in mind some status can overlap. For instance, a San Bernardino County home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of San Bernardino County home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:

According to the CRMLS (Multiple Listing Service), there were 1286 closed San Bernardino County home sales in February, 2015. Below is a break-down of those San Bernardino County sales:

San Bernardino County, California Closed Sales – February 2015
Sold San Bernardino County Standard Sales 1068
Sold San Bernardino County Short Sales 86
Sold San Bernardino County Foreclosure REO Sales 112
Sold San Bernardino County Probate, Auction & Other Sales 38

 

According to the CRMLS (Multiple Listing Service), there are 1120 pending San Bernardino County home sales in February, 2015. Below is a break-down of those San Bernardino County pending sales:

San Bernardino County, California Pending Home Sales – February 2015
Pending San Bernardino County Standard Sales 921
Pending San Bernardino County Short Sales 127
Pending San Bernardino County Foreclosure REO Sales 56
Pending San Bernardino County Probate, Auction & Other Sales 19

 

According to the CRMLS (Multiple Listing Service), there are 1092 newly listed active San Bernardino County home listings in February, 2015. Below is a break-down of those San Bernardino County listings:

San Bernardino County, California New Home Listings – February 2015
New San Bernardino County Standard Sale Listings 969
New San Bernardino County Short Listings 76
New San Bernardino County Foreclosure REO Listings 36
New San Bernardino County Probate, Auction & Other Listings 17

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Are you considering buying or selling a San Bernardino County, California home? Let us help! We have the experience to negotiate your San Bernardino County home sale or purchase quickly and favorably.

 

Call us now:

Garrigus Real Estate Group

Call (888) 9-List-It

That’s (888) 954-7848

February 2015 / Desert Hot Springs CA – Housing Market Snapshot

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February 2015 / Desert Hot Springs CA – Housing Market Snapshot

– Real Estate Short Sales, Foreclosures & Standard Sales –

Below is a quick summary of Desert Hot Springs, California real estate short sales, foreclosures and REOs and standard sales for the month of February 2015, according to the largest MLS in the country, the CRMLS.

This Desert Hot Springs, California report consists of Desert Hot Springs sales, Desert Hot Springs active listings and Desert Hot Springs pending sales, and also includes Desert Hot Springs short sales, Desert Hot Springs foreclosures and REOs, Desert Hot Springs standard sales and other Desert Hot Springs sales and listings like Desert Hot Springs probate sales and Desert Hot Springs home auctions.

[Desert Hot Springs Short Sale REALTORS]

Please keep in mind some status can overlap. For instance, a Desert Hot Springs home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of Desert Hot Springs home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:

According to the CRMLS (Multiple Listing Service), there were 30 closed Desert Hot Springs home sales in February, 2015. Below is a break-down of those Desert Hot Springs sales:

Desert Hot Springs, California Closed Sales – February 2015
Sold Desert Hot Springs Standard Sales 25
Sold Desert Hot Springs Short Sales 1
Sold Desert Hot Springs Foreclosure REO Sales 4
Sold Desert Hot Springs Probate, Auction & Other Sales 0

 

According to the CRMLS (Multiple Listing Service), there are 21 pending Desert Hot Springs home sales in February, 2015. Below is a break-down of those Desert Hot Springs pending sales:

Desert Hot Springs, California Pending Home Sales – February 2015
Pending Desert Hot Springs Standard Sales 18
Pending Desert Hot Springs Short Sales 3
Pending Desert Hot Springs Foreclosure REO Sales 0
Pending Desert Hot Springs Probate, Auction & Other Sales 0

 

According to the CRMLS (Multiple Listing Service), there are 45 newly listed active Desert Hot Springs home listings in February, 2015. Below is a break-down of those Desert Hot Springs listings:

Desert Hot Springs, California New Home Listings – February 2015
New Desert Hot Springs Standard Sale Listings 40
New Desert Hot Springs Short Listings 1
New Desert Hot Springs Foreclosure REO Listings 3
New Desert Hot Springs Probate, Auction & Other Listings 3

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Are you considering buying or selling a Desert Hot Springs, California home? Let us help! We have the experience to negotiate your Desert Hot Springs home sale or purchase quickly and favorably.

 

Call us now:

Garrigus Real Estate Group

Call (888) 9-List-It

That’s (888) 954-7848

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