Dave Thurman's Real Estate Blog

Image by inman newsvia Flickr

The Stockton, CA real estate market is sooo… crazy. Approximately 50% or more of the home buyers are pre-approved for FHA financing for the very low priced inventory available. They find homes for sale on the Internet, but become frustrated due to the fierce competition from other buyers. Most buyers have made offers 5-10 times before finally getting a chance to close. Many home buyers just give up after a while, but in my opinion, expect the market to stay very active right through the winter holiday season due to the extension of the tax credits from uncle Sam.

Related articles by Zemanta

• Really? Feds to rescue condo market (lansner.freedomblogging.com)
• NationalBLS.com – For Real Estate Buyers And Sellers (killerstartups.com)
• Expansion of MRIS Eco-Friendly Attributes (metrodcliving.com)
• Legitimized leasebacks picking up momentum (sfgate.com)
• The next taxpayer bailout … FHA? (seattlepi.com)
• Downtown condo complex receives national honor (seattlepi.com)
• Will the Housing Agency Need a Bailout? (time.com)
• JPMorgan analyst sees housing recovery in next 2 years (seattlepi.com)
• 7 Things Every Home Buyer Should Know – Part 1 (zillow.com)
• Seller-Funded Down Payments Still Plague FHA (blogs.wsj.com)