If you were to look at real estate investors and how they are currently acquiring property – you would be very confident about todays real estate market. The January 2012 numbers are in , and California saw the most activity in the Western United States with investors tripping all over themselves on the court-house steps. Trustee sale investors must pay in cash, in full, with no title insurance or inspections prior to purchase.
With over $766 million in activity in January alone – what are they seeing that other potential buyers are not?
The wave of foreclosures that we have been hearing about for the past several years seems to be nothing more than myth. In San Francisco Bay Area cities like San Ramon, Danville, Pleasanton, Dublin, there is a shortage of available inventory, and Realtors are seeing multiple offers coming through over list price.
Lack of inventory and low interest rates makes this both a buyers and a sellers market. And balance is exactly what we need to recover.