The real estate auctions that happened before 2005 were more of trustee sales that took place in front of the house being auctioned. If you were to participate in those auctions, you would surely get a great deal, but there were drawbacks as well. If you won the bid with the highest amount then you were required to pay cash in full. Also you were not given an opportunity to inspect the house. There were also possibilities that the house had a lot of mortgages on it. All this and more kept many investors from participating.

Before you visit an auction site, question yourself as to why... Read more

Great California Garage Sale opening draws thousand in Sacramento


Leila Torres stood with two companions Friday across the street from the huge state surplus goods warehouse in North Natomas and surveyed the long line of people waiting to enter the Great California Garage Sale, Gov. Arnold Schwarzenegger’s latest tactic to raise money for the state budget.

The morning was growing warmer, and the line – which already stretched more than a quarter-mile through a business park of low-rise warehouses – was growing longer. And Torres was reconsidering the appeal of a ch... Read more

July 22 (Bloomberg) -- U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.

Prices declined 5.6 percent in May from a year earlier and rose 0.9 from April, the Federal Housing Finance Agency in Washington said today. Economists expected a 0.2 percent drop for the month, according to the median of 16 estimates in a Bloomberg survey.

“We saw a rebound of home prices in some parts of the country in part because the share of distressed sales dipped,”... Read more

Index: Price declines leveling

Inman News

http://www.inman.com/news/2009/05/22/index-price-declines-leveling

The price per square foot of homes improved from February to March in 11 of 25 metro areas tracked, real estate analytics and data company Radar Logic reported this week.

The composite price-per-square-foot index for the 25 metro areas fell 0.3 percent on a month-over-month basis in both February and March, which is less than the 1.2 percent and 0.9 percent declines in February and March 2008.

Radar Logic noted in an announcement that the pr... Read more

Area’s foreclosed homes sell briskly, for less, at auction

ShareThisBy Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/1795749.html

Published: Tuesday, Apr. 21, 2009 - 12:00 am | Page 6B
A pair of out-of-town auction giants sold 190 more foreclosed homes in Sacramento on Sunday, earning $21 million for lenders that repossessed them for lack of payments, the firms said Monday.

Irvine-based Real Estate Disposition Corp. said it sold 162 Sacramento-area homes for $17.1 million. It was the latest event in a series of nine company a... Read more

Bold business owners get in position early for economic upswing

ShareThisBy Dale Kasler
dkasler@sacbee.com

Published: Sunday, Apr. 19, 2009 - 12:00 am | Page 13A
http://www.sacbee.com/business/story/1791340.html

From retailing to real estate and beyond, some businesses are starting to gear up for the next economic growth cycle.

In the face of an epic slump in consumer spending, Dimple Records is nearly doubling the size of its flagship store in Sacramento. Auto dealer George Grinzewitsch Jr. just built a $22 million Mercedes-Benz dealership in Roc... Read more

No bids at foreclosure auctions for Cal Neva Tahoe

ShareThisBy Dale Kasler
dkasler@sacbee.com

Published: Wednesday, Apr. 8, 2009 - 4:06 pm
Last Modified: Wednesday, Apr. 8, 2009 - 4:32 pm
Unable to find a buyer for the ailing Lake Tahoe casino once owned by Frank Sinatra, the resort’s reluctant owner said it will keep the place open anyway.

The Cal Neva went up for sale Wednesday at dual courthouse auctions in Roseville and Reno, but there were no bids. The 83-year-old property lies in both California and Nevada, on Tahoe’s north shore.
... Read more

Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging and staffing open houses, and coordinating with other professionals in the sales process.

Only about half of all real estate agents are REALTORS® -- the top half, in our not-so-humble opinion. REALTORS® work independently, for small agencies, or for large brokerages. They help people buy and sell residential or commercial properties, vacation homes, and land; they... Read more

Why Use a REALTOR®


Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging and staffing open houses, and coordinating with other professionals in the sales process.

Only about half of all real estate agents are REALTORS® -- the top half, in our not-so-humble opinion. REALTORS® work independently, for small agencies, or for large brokerages. They help people buy and sell residential or commercial propertie... Read more

Foreclosures up 75 percent in 2007
The number of households in foreclosure who lost their home soared in 2007 to about 405,000 households. For the year, total filings—which include default notices, auction sale notices and bank repossessions—grew 75 percent, according to RealtyTrac, an online seller of foreclosure properties.
"There are parts of the country where we’re seeing many more bank repossessions," said Rick Sharga, a spokesman for RealtyTrac. "People are flat out losing their homes."
MAKING SENSE OF THE STORY FOR CONSUMERS
• While these numbers on the surface mig... Read more