Bank owned properties are the hottest thing out there

Livermore real estate has a new client, investors for bank owned properties is the new ticket. Numerous agents have left the real estate battlefield in search of jobs that actually pay. Unfortunately, there are very few people buying houses, let alone getting approved for loans. This leaves veteren agents left for the most part trying to satisfy the new demand. Inventory again is the problem with these types of houses as it is the new thing coupled with very low-ball offers at that. Then the waiting game begins, and seems never to end. If the bank finally approves your offer, unless you have a whole lot of cash, the waiting game begins for loan approvals.

When will this end?

Well the housing market has taking its toll on many other jobs, therefore effecting the economy as well. Enough that last week Fed Chairman has hinted at drastic rate reductions. We might be outta the woods soon after the next election is my prediction. My advice, weather the storm as long as possible, thngs will change, they always do.