Short Sales becoming integral part of housing market
As a San Jose Shot Sale Agent, I have evangelized about the benefits and importance of short sales in comparison to foreclosures. However, the volume of short sales relative to the rest of the distressed properties has catapulted into number one position according to Campbell Surveys. This will come as no surprise to buyers who are in the market right now in Silicon Valley as First Time Homebuyers are snapping them up like hot cakes.
Unfortunately, until we resolve California’s double digit unemployment rate, we will continue to have a steady flow of short sales for possibly years to come.
