Tracy King's (tracyking) Blog

If you've represented buyers at all in the past couple of years, you have probably experienced the frustration of trying to negotiate an offer on a short sale or a foreclosure. If they are listed at shockingly low prices, they have no doubt produced dozens of offers and you struggle to get some k...

For those of you who want a better understanding of how we got into this global economic mess, National Public Radio has several programs that have podcasts you can read, watch, or listen to that summarize and define a lot of the terms we see tossed around in the news today.  They posit some non-...

Are You Ready for a Good Deal?   What constitutes a good deal to you? "I'll know it when I see it," you say. Well, maybe you think you are in the market for a good deal, but you just told me that you are not. What?! Well, do you have a list of what fits in your criteria for a good deal? Do you kn...

What's the story with short sales? (Again, a short sale is where the owner owes more to the bank than they can get for the property, so they can't sell unless the lender agrees to take less). Are they working out for people? In Eagle Rock, 17 of the 47 active listings are short sales, 7 of the 22...

Market Update Highland Park 90042 From our spiffy Multiple Listing Service that has all the listings in one place, no matter what far-flung MLS an agent might put a listing in, our sales data are now much more complete. The following table is a sales overview comparing 2007 to 2008: Highland Park...

Good morning! Good week! Starting off February, there are 47 single family homes showing as active on the market in the 90041 zip code, with 15 of them declaring themselves as short sales, and 7 as REO, or Real Estate Owned, which means foreclosure. So, almost one third of what is on the market i...

Stumbling across the April, 2007, issue of Los Angeles Magazine, I found a key to the disaster we see before us. The title of the cover article was Real Estate 2007, When Will the Bubble Burst? And Other Burning Questions. It is a game, as they say in the article. The game is "Do I Buy/Sell Now?...

November  18, 2008 Today's Eagle Rock Market Inventory in Eagle Rock, CA, 90041, hasn't varied much in the number of active listings this whole year. Today there are 45 homes on the active market, 14 of them short sales, 4 REOs, and 33 regular sales including trust or probate sales that don't req...

When life give you lemons, make lemonade!  We've got some upcoming lemons that will be thrown at us: Loss of down payment assistance, rising interest rates, less choices in lending programs, a tightening economy as a whole... More inventory may start piling up? So what if more inventory and more ...

Constant readers know I am the King of Eagle Rock, but my real estate license is good in the state of California, and I have sold a lot of real estate all over Northeast Los Angeles and the western end of the San Gabriel Valley including Altadena and Pasadena in my 18 years as a Realtor. Last wee...