Welcome to our Labor Day Special. We don’t have a guest scheduled this week, but we’re dipping in to the Los Angeles news, which leads us to a discussion about the rise in Short Sale scams.
We also discuss Fannie May and the new rules on Strategic Defaults.
The numbers for the week ending September 4th – Current listings: 1,283, Average Price: $488,000, Lowest Price: $44,000, Highest Price: $1,300,000, Days on Market – 93
In Long Beach, we’re going to start seeing the return of the FHA buyer.
In this episode we discuss the economy in Long Beach. We talk about the latest Long Beach / Los Angeles employment and real estate stats and what this might mean for the future.
Adam’s deal of the day is 2070 Easy Ave., Long Beach, CA 90810-4123. It’s a 2 bedroom 2 bathroom west side Long Beach house for $254,000.
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See you next episode.