Ray's Real Estate Blog

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Real Estate Agent - Keller Williams Realty - 01702953
Here you'll find Real Estate market updates and other information of interest to those buying & selling a home.
RECENT BLOG POSTS
We've all said in the recent months that the Sub-Prime meltdown has caused ripple affects that go beyond just the foreclosure market and home sales.  My landscaper is hurting for business, my flooring and painter is in the same boat.  Cities and Counties are losing out on property taxes causing r...
02/18/2008
For this week's market update, I have GOOD NEWS and I have BAD NEWS! The GOOD NEWS is that the sale of homes are climbing.  November gave us an increase of 6% over October and 13.5% over September sales.  The BAD NEWS is that the numbers are increasing mostly due to the huge influx of low priced...
12/20/2007
On this past Sunday, I shared with my Sunday school class some information about Thanksgiving.  I was dismayed at how little my 4th and 5th grade kids knew about the origins of the holiday. The Pilgrims left Plymouth, England, on September 6, 1620 en route to the New World.  Arriving in Massachu...
11/21/2007
While speaking at an investment conference recently, John Stumpf, the President of Wells Fargo & Company stated that this current real estate crisis is the worst he’s seen in his entire career.  In fact, he likened it to the same slump that existed nearly 80 years ago.  “We have not seen a natio...
11/21/2007
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This message is for all my sellers and anyone else who may be interested.  Right now, just in Riverside, there are 3,190 homes for sale.  During the past 30 day period, only 110 sold.  That’s only 3.4% which means that 96% of homes for sale are not selling.  It also means we have roughly a 29 mo...
11/13/2007
Currently, there are nearly double the number of homes for sale then there were three years ago at the height of the market.  And that does not include the new homes available.  Supply and demand is going crazy and not in a good way.  Obviously, when supply is up and demand is low, then prices d...
11/10/2007
Would it be alright if I take a moment to vent?  I just need to rant a little and get something off my chest. I’m very frustrated and the banks are driving me crazy! In the 90’s I dealt with numerous foreclosures and closed tons of short sales.  Now that short sales have come back around, I have...
11/08/2007
Barney Frank, Democratic Representative from Massachussets said, “We have a national crisis to which we have to respond.”  Frank, the head of the U.S. House Financial Services Committee, was not referring to terrorism or war.  He was discussing the crisis in the housing markets brought on by the...
11/07/2007
The local Inland Empire Real Estate market is increasingly becoming more, and more difficult.  New home sales fell 37.2% in September and 33% of buyers actually ended up canceling their transaction before closing.  Most experts attribute this to tighter financing restrictions or to the consensus...
11/06/2007
Yep, foreclosures are on the rise.  In fact, they’re going to continue to rise.   Houses are staying on the market longer.  The market’s softening.  Buyers can’t get loans.  New homes are not selling. But is anyone paying attention to the “other” news?  The writers are striking.  That’s right.  ...
11/05/2007
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Ray Wright

SoCal Realtor - A.L.C.
local_phone(951) 776-5724
smartphone(951) 312-3133
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Search All Homes Available for Sale and Get Real Estate market updates and other information of interest to those buying and selling a home. Visit me on the web at: http://www.RayWrightSellsHomes.com Click on the link below to find help to avoid Foreclosure: http://www.ForeclosurePreventionSeminar.com