![]() 4311 Cadee Ct Rancho Cordova, CA 95742 |
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![]() 5110 Pleasantglen Way Elk Grove, CA 95758 |
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![]() 808 Natoma St Folsom, CA 95630 |
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![]() 10930 Gay Rd Wilton, CA 95693 |
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![]() 4341 Fell St Sacramento, CA 95838 |
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![]() 7148 Mariposa Ave Citrus Heights, CA 95610 |
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![]() 12045 Mandolin Way Rancho Cordova, CA 95742 |
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![]() 104 Herrill Ct Folsom, CA 95630 |
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![]() 7217 Pine Grove Way Folsom, CA 95630 |
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![]() 8756 Rubystone Ct Elk Grove, CA 95624 |
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![]() 2434 57th Ave Sacramento, CA 95822 |
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![]() 5760 Tres Piezas Dr Sacramento, CA 95835 |
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![]() 9308 Engleside Ct Elk Grove, CA 95758 |
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![]() 3305 Tree Swallow Cir Elk Grove, CA 95757 |
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![]() 6133 Jeanine Dr Sacramento, CA 95842 |
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![]() 6500 Larchmont Dr North Highlands, CA 95660 |
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![]() 7675 25th St Sacramento, CA 95832 |
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![]() 990 Snow Lily Ave Galt, CA 95632 |
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![]() 5101 Lotus Pond Way Elk Grove, CA 95757 |
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![]() 2713 16th St Sacramento, CA 95818 |
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![]() 3133 T St Sacramento, CA 95816 |
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![]() 4413 Middlebury Way Mather, CA 95655 |
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![]() 5220 Mckellar Ave Sacramento, CA 95824 |
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![]() 10224 Jenny Lynn Way Elk Grove, CA 95757 |
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![]() 8738 Lemas Rd Sacramento, CA 95828 |
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![]() 15007 Guadalupe Dr Rancho Murieta, CA 95683 |
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![]() 5931 Mascot Ave Sacramento, CA 95824 |
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![]() 5412 Ravine Creek Way Elk Grove, CA 95758 |
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![]() 239 Cookingham Way Sacramento, CA 95838 |
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![]() 6829 Fruitridge Rd Sacramento, CA 95820 |
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![]() 11769 Loisdale Way Rancho Cordova, CA 95742 |
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![]() 5 Northwich Ct Sacramento, CA 95832 |
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![]() 7986 Springarden Way Sacramento, CA 95828 |
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![]() 8456 Mockenhaupt Ct Elk Grove, CA 95624 |
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![]() 8168 Saddlebrook Ct Sacramento, CA 95828 |
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![]() 6046 Windbreaker Way Sacramento, CA 95823 |
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![]() 5224 Alderberry Way Sacramento, CA 95835 |
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![]() 7613 Muschetto Ct Citrus Heights, CA 95621 |
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![]() 10238 Countryside Way Sacramento, CA 95827 |
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![]() 9435 Soaring Oaks Dr Elk Grove, CA 95758 |
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![]() 3311 Franklin Blvd Sacramento, CA 95818 |
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![]() 3519 Port Dr Sacramento, CA 95826 |
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![]() 9123 Cobblefield Dr Sacramento, CA 95829 |
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![]() 6549 RIO OSO Dr Rancho Murieta, CA 95683 |
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![]() 3820 Riviera Ln Elk Grove, CA 95758 |
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![]() 2057 Danvers Way Sacramento, CA 95832 |
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![]() 3557 Envero Way Rancho Cordova, CA 95670 |
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![]() 9117 Trumbauer Way Elk Grove, CA 95758 |
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![]() 141 Briggs Ranch Dr Folsom, CA 95630 |
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![]() 9261 Fruited Plain Way Elk Grove, CA 95624 |
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![]() 5255 Village Wood Dr Sacramento, CA 95823 |
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![]() 21 Michelson Ct Sacramento, CA 95835 |
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![]() 1030 Hildebrand Cir Folsom, CA 95630 |
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1 comment :
Max, you show another 3% increase in FITs for this week in both Sacramento and Placer Counties. This group is growing very rapidly now. With 600 FITs listed today, over 3% of all the MLS listings are Flippers losing serious money. If this increase in velocity continues for a few more months, we will soon see 5% of all listings represent investors losing money in real estate. Furthermore, your calculation of a FIT ignores their losses due to carrying costs and selling costs. And there are many "hidden" FIT's who have withdrawn their properties unitl spring or refuse to lower their above market listing prices. These factors suggest that the current FIT number is probably double your calculation, probably around 6% today, and it will easily get to 10% by Feb. 2007. That much stressed product flooding the market next year will dictate a continued decline in values thru 2007, well into 2008. And what other choices do the FITs have? They can keep their overpriced listings and lose $4-5,000/mon or rent it and lose $2500-3000/mon and see another $50,000 drop in value next year? Not good any way you look at it.
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