Brett Ellis
Brett Ellis
deals financing last months seen six three
Probably in the last six months I've seen more 100% financing deals than I've seen in the last two to three years.
equity home sell within year
Should you need to sell the home within a year or two there is not a lot of equity there.
sitting
Some of them are $40,000, and they've been sitting there for 120 days.
anytime bad community crooks gates guarantee guys magnet money respond rules tends
But gated communities aren't necessarily a guarantee of safety. The bad guys don't respond to gates or to rules in general. Anytime you live in a more upscale community it tends to be a magnet for crooks because they want to go where the money is.
gateway homes selling solid
Gateway is still a solid market. Homes are actually selling well.
closed homes last might months none sales six year
I could look at sales six months ago and they're at one level, but this year there might be 28 homes on the market, none pending, and one closed sale in the last six months.
balance buyers inventory market prices starting
Because we have more inventory right now prices are starting to come down. The market is re-balancing itself. It was out of balance there for a while and we had too many buyers and not enough inventory and now it's the other way around.
price starting
We're starting to see hundreds of price reductions a day.