David Saks: March 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Biggest Losers


Why is it that the biggest losers are the categories of homes that start at around 160k (and up) while median home price (and below) sales levels are accelerating?  How can anyone assert that this is a "short term anomaly" while the market is still tumbling and hybrid loans and pay option arms are about to reset?

The biggest gainers in our business, so it seems, today, at this moment, are low priced properties, which might be an indication of the strength of the residential purchasing activity of investors and home buyers who are taking advantage of the opportunities in the various sectors of a failed market, including the massive acceleration of default and the opportunities to cash-in on foreclosures and short sale opportunities. We are absolutely seeing the possibility of a favourable combination of circumstances, which might be unfortunate for many sellers above the mean.

David Saks

Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • March 18 2008 02:10PM
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