FEWER HOMES GOING TO BANKS

The Sacramento Bee is following suit in the news trend, stating fewer homes are currently being foreclosed upon by lenders. (click here) The number of U.S. homes taken back by lenders in April fell 7 percent from March which is the third consecutive monthly decline, foreclosure listing firm RealtyTrac Inc. said Thursday. Home repossessions fell 26 percent versus April last year.


In Nevada County, homes priced under $200,000 are being snatched up very quickly by buyers, many of which  receive multiple offers within days of the listing agreement being signed. In the past two weeks, I saw an Alta Sierra short sale home priced at $175,000 and the bidding is now over $200,000. All this took place prior to a for sale sign being pounded into the ground.


The market is changing.

Scott Hopper - Realtor, 530-477-2277