Pre-foreclosure Activity Indicates Continued Weakness in Housing … – Emediawire (press release)
Bank REO Bank Foreclosure – REO Activity Indicates Continued Weakness in Housing Prices in Vallejo, California, but Bottom May be Near, According to Bank Foreclosure – REO Real Estate Investment Advisory Firm United Investors
San Francisco, CA (PRWEB) July 21, 2008 — On the surface recent home sales data in Vallejo, California suggest rapidly deteriorating market conditions. In June, the California Association of Realtors Trends publication reported a median sales price decline of properties in Vallejo of 37.4%. Prospective buyers may wonder when this trend will reverse. Based on analysis by United Investors, leading market indicators suggest continued supply pressure, but there are signs that the bottom may be near.
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Posted by Carlos Sagastume on July 21, 2008. Filed under HUD Homes.
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