Montebello, CA

Check New Listings, Pending and Sold for April 2009

The difference between the New Listings and the ones under contract goes 50% Down and the Difference between Price of New Listings and Sold is $ 115,474. check it out at:

http://losangelescountyrealestate.blogspot.com/

Statistics For May 2009

The number of New Listings versus the ones under contract goes down 50% and the Difference between Asking Average Price of New Listings and Average Sales Price is $ 88,831... check it at:

http://losangelescountyrealestate.blogspot.com/

Statistics For June 2009

The Difference between New Listings Versus the Ones Under Contract goes 33 down, and the Difference between New Listings Average Price and Sold Average Price is $ 39,020. Check that at:

http://losangelescountyrealestate.blogspot.com/

http://www.losangelescountyrealestate.blogspot.com Real Estate, Mortgage and Financial News

Is it time to look north to our neighbor? Unlike most banks in the United States, Canada's banks are not experiencing gut-wrenching adjustments. A main reason is that Canada does not have a heavy regulatory hand that forces its banks to engage in high risk loans to promote equality of outcome. With the exception of Alberta, Canadian banks are not constrained by non-recourse paper the way American banks are. In Canada, banks can seek other assets of the borrower in the event a foreclosure does not satisfy the amount stated in the note.

Clearly, in Canada buyers have a bigger stake in the transaction and are going to think twice, or three times before walking away from their home. Food for thought, or just a feeble exercise in comparative political economies?