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Federal National Mortgage Association Message Board

  • chkpfbeliever chkpfbeliever Jun 3, 2013 2:32 PM Flag

    Quick survey on your market

    We're all investing in F&F for two obvious reasons: 1) a real turnaround of the real estate market or 2) huge potential for future profits of F&F with the talks resurfacing about getting rid of the government. So let's do some basic checks on your market:

    1) Are you seeing quick turnaround in your area on housing sales ? quick sale ? higher than offer price ?
    2) Any new construction projects ? lots or rarely ?
    3) how does inventory look in your area ? low or about the same as a few months ago ?
    4) what area are you referring to ?

    For me, the Seattle and sububs are seeing very active bid/ask offers and homes are sold less than 2 weeks on the market. Most of them are either at or above asking price. Hard to find inventory and much less than a few months ago. Some new construction but not much as land is getting scare.

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    • 1.) Yes, being outbid by 15%. CASH
      2.) Everywhere. Being snapped up before they are even finished. 10K deposits on condos of 550K, 2bed2bath
      3.) LOW TO NONE. See #1 from above.
      4.) My answer probably skews this survey though. Bay Area, California.

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