Stockton and Lodi Homeowners are Coming Back Into the Real Estate Market
Stockton and Lodi Homeowners have been patiently waiting for the real estate market to improve and we are seeing signs that these home owners are ready to sell. Will this pose a problem for a real estate market over burdened with short sales and foreclosure homes? There is still a great deal of homes that have been foreclosed on or are in pre-foreclosure. There has been plenty of speculation of when banks will begin to release the backlog of foreclosed homes for sale in California and nationally.
This group of home owners are not in distressed properties may represent a shadow inventory of potential listings and homes for sale. They are not in need of loan modifications and have equity in their homes. We are starting to see them testing the market. We are seeing the number of home sellers coming back to the market increasing. Many of these sellers were side lined because of declining home values. They have varied reasons many want to take advantage of the low prices and want to move up to that dream home, family situations or changes in employment.
The number of home sellers with equity in their homes has increased over the past year; studies indicate the number has increased from 52% a year ago to 63% today. Sellers are going to react to any good news in the real estate market. This is going to keep the inventory of homes for sale at a higher level which will result in longer days on the market and may have a dampening effect on home prices.
Short sales in Stockton and Lodi continue to dominate multiple listings and homes for sale. The high unemployment rate has become a force causing more home owners to go into default coupled with little or no equity in their property it’s a recipe for crises. We specialize in finding creative solutions to real estate problems that others won’t touch. If you find you are in trouble on your mortgage by all means try to avoid foreclosure.
If you find yourself in the following positions, it’s time to act and find solutions rather than let circumstances take control:
· Behind on your mortgage payments, you are at risk of foreclosure
· Little or no equity in your home and you are over financed
· Thinking of bankruptcy
The Lilly Team is short sale and Hafa certified and are short sale specialists and have helped distressed home owners, give us a call today and find out your options to avoid foreclosure. We can be reached at 209-479-9222 or e-mail us at thelillyteam@comcast.net . Visit our web-site at www.hughlilly.com .
Stockton Neighborhoods: Brookside, Lincoln Village, Morada, Morada Ranch, Beck Ranch Spanos Park, West Spanos Park, Weston Ranch, Port of Stockton, UOP.
Stockton and Lodi Zip codes: 95208, 05204, 95205, 95206, 95207, 92209, 95210, 95212, 95215, 95219, 95242. 95240
Real Estate Multiple Listings: Bank owned homes, Stockton and Lodi Foreclosures and REO’s, Homes in Stockton, Homes in Lodi, Stockton California Listings, Stockton MLS Listings, Lodi MLS Listings, Ca Real Estate, Home Buyers, Stockton Homes for Sale, Lodi Homes for Sale, Stockton Short Sales, Lodi Short Sales, Short Sale Specialist.