Los Gatos Home sales totaled 341 homes in the Los Gatos Real Estate market Last Year. We have a long way to go with only one sale closing escrow this past week. It was on Tait Avenue though! RARE!
The median Los Gatos Home price is over $2.6mil!
9 Properties in Los Gatos that are available are short sales
6 Los Gatos Homes are listed, for sale, as foreclosures
CLICK IMAGE below to see the only home that closed this month
Tait Ave Home Sold In Los Gatos
You can do a detailed search for homes available for sale in the the Los Gatos Real Estate market here.
The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts, myself included, now contend it has done more harm than good.
If you have been reading my Los Gatos Real Estate musings you already know that since the program was announced in February, it has lowered mortgage payments on a trial basis for hundreds of thousands of people, but has largely failed to provide lasting relief. Critics increasingly argue that the program, Making Home Affordable, has raised false hopes among people who simply cannot afford their homes.
As a result, desperate homeowners have sent payments to banks in often-futile efforts to keep their homes, which some see as wasting dollars they could have saved in preparation for moving to cheaper rental residences. Some borrowers have seen their credit tarnished while falsely assuming that loan modifications involved no negative reports to credit agencies.
This fact that credit scores are affected by modifications boils my brain! The program was meant to help! In fact, it is hurting too many people. How are you going Read the rest of this entry »
