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As of June 21, 2013 the Crestview neighborhood has seen a 19% increase in year over year sales volume. Inventory rates remain very low with a total of 3 months' worth of homes currently listed for sale and an average Days on Market of less than 20 days. Foreclosures and/or distressed sales are uncommon in this market given the high demand.
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
O.J. Simpson’s Estate Sues His Son Justin Over House: Everything to Know. ... House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M.
The company was set up with the aim to help stabilize the housing market and to avoid home foreclosures by buying up distressed mortgages. [4] [5] Though PennyMac's efforts did aid distressed homeowners, the company was also criticized because its founder and many of its executives previously held leadership positions at Countrywide Financial.
Elevated mortgage rates, a yearslong shortage of homes on the market and record-high home prices continued to stymie prospective home shoppers, especially first-time buyers. “How is it possible ...
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