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GLG News by Brokerage Agency Experts: Residential Multi- and Single-Family Brokers, Realtors, and Sales Agents (California)

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November 18, 2008
Foreclosure Climb Not As Necessary as the Banks Would Like You to Believe!
Analysis of: October foreclosure filings climb | www.inman.com
Author: GLG Expert Contributor
Lenders stall in responding to mortgage work outs. Lenders refuse to talk to borrowers that are current on payments. Lenders do not have the staffing to keep up with demand. Lowest paid Account Representatives make multi-million dollar decisions on behalf of Lenders.
October 20, 2008
The pain will continue, but the begining of the end is here...
Analysis of: Declining Home Prices Boosting Sales | www.sdbj.com
Author: GLG Expert Contributor
Some optimistic real estate experts are pointing to the progressively increasing volume of sales in San Diego County as a clear sign that the County's real estate market is nearing a bottom. While most agree that the near term price declines are almost sure to continue as credit continues to tighten,...
October 15, 2008
The Root Cause of the Mortgage Meltdown
Analysis of: Who's really behind the Subprime Mortgage Meltdown, Wall Street & our failed economy? | www.blogtalkradio.com
Author: GLG Expert Contributor
During the run up to the real estate implosion, I was selling single family real estate.  I am still active, but not nearly as busy as I was.  Here are my observations at the time: Barely qualified buyers were steered into risky loans to allow them to purchase above their means. The perfect...
September 22, 2008
American Commercial Markets Follow the Residential Trends by About 24 Months.
Analysis of: NATIONAL COMMERCIAL REAL ESTATE VACANCY RATE FLAT; EXPECTED TO RISE SUBSTANTIALLY BY FIRST QUARTER 2010 | www.exchangemagazine.com
Author: GLG Expert Contributor
Analysis of the current commercial market bears a striking resemblance to the burst of the housing "bubble" 2 years ago.  Vacancy rates going up in most markets, with extreme differences between luxury and blue collar areas, as in the residential markets.  The luxury markets seem to be well-insulated,...
August 6, 2008
The Central Valley connection
Analysis of: Default: the View Behind the Numbers | www.bendbulletin.com
Author: GLG Expert Contributor
In the San Joaquin Valley of California, we are see much of the same as the rest of the country.  People who purchased homes at the peak of the market with exotic loans are now finding themselves unable to pay their mortgage payments. 
July 25, 2008
Fresno County Real Estae Trends; fron the trenches.
Analysis of: Struggling To Fill Vacant Homes | online.wsj.com
Author: GLG Expert Contributor
This article points out the current trend.  Homes sitting vacant, adding to blight, which compounds the problem.  Buyers are waiting for the prices to go down (they have, by 30%), Sellers in distress and selling short or bank owned properties (accounting for 47% of all sales), and the credit...
July 18, 2007
Why invest in Costa Rica?
Analysis of: Real estate in Costa Rica’s new promised land | caribpro.com
Author: GLG Expert Contributor
Costa Rica offers a stable democracy, an abundant untarnished coastline, a well-educated population, and superb weather year round --- why else shouldn't you invest in Costa Rica?
April 22, 2007
Making Sense of the Sub-prime Mess in N San Diego County
Analysis of: Making Sense of the Sub-prime Mess in N San Diego County | western-realestate-investor.com
Author: GLG Expert Contributor
1.  All real estate markets are local2. Buying opportunities exist for investors in this part of N. San Diego County3. There is still time and opportunity for owners to refinance out of poorly structured loans, but it requires working with lenders and others

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