But during my number crunching I realized that it  has been a while since I had updated my charts that I have been using to track the monthly and annual Lake Oroville home sales. 

After updating these charts I noticed an interesting long term trend in one of the charts that I thought you needed to see. From past blog posts, you all know that I do not take the  month to month numbers that are released into the media on an ongoing basis as important as what has happened over longer periods of time. I think the media is far too focused on what this month did compared to that month, which in turn has focused the consumer on the very same thing.  This narrow focus is what I believe is going to cause many buyers to miss  the great opportunities that currently abound in the marketplace as far as prices and interest rates are concerned. 

Now before you get excited, thinking this is another one of those real estate blogs posts that tells you to BUY NOW!!!!, let me tell that it is not. This market is going to provide great buying opportunities, for those of you that still have jobs in this economy, for the foreseeable future.   What I am telling you is to look at this chart and see for yourself what this Lake Oroville real estate market is whispering to you. When looking at a chart like this most people look at the peaks to see how high things have gone. What I suggest that you look at here is the lower side of this chart. The former stock broker in me says ignore what is happening in the high side and pay close attention to what is happening on the low side. In the stock broker world a stock that showed a trend of higher lows was one to pay attention to and was a good signal that the stock was poised to move to higher highs.  (Click Here or on the Chart to Enlarge)

As indicated on this chart, the number of homes sold on a monthly basis in the Lake Oroville real estate market have been setting higher overall lows since 2008. The indication here is that, as far as the number of Oroville homes sold is concerned, the worst appears to be over and if this trend continues we will eventually begin selling units at a higher pace than the pace at which new listings are coming to market.  It will be this difference between supply and demand that will result in an increase in values and prices. Let’s be clear here. We have a LONG way to go before any appreciable change in prices and values. The current state of our local, state, and national economies are now the main cause of the drag on the market. Unemployment has now surpassed the loan scandals of the past few years as the culprit for this ugly market.  

Hopefully, information like this will keep you from being surprised while thinks SLOOOOOOOOWWWWWLLLLLLY gets better. 

To be perfectly candid, in a market such as this, and,  as a matter of fact, in any type of market,  it is pretty much an economic impossibility to have a website such as this one, pay for it myself, and still be able to subscribe to other online real estate tools that assist buyers, sellers, and others in the Lake Oroville real estate market and beyond, in quenching their thirst for information on market conditions, or in assisting them in determining the value of their Oroville, Chico, Paradise, or Yuba City home.  A simple comparison search of other agent’s personal websites, if they even have one, will bear me out on this.

The newest feature that I able to subscribe to is one that provides you the ability to do a FREE search for the status of properties in the foreclosure process. With just a couple clicks of your mouse you can search for, and request foreclosure information on, not just any Lake Oroville home, but of homes in the states of California, Arizona, Washington, Oregon, and Nevada that are facing foreclosure.  This new service is powered by ForeclosureRadar.com, which is the new leader in the gathering and disseminating of foreclosure information in the Western United States.

If you find a property about which you would like to know more, simply click on the link and complete the request form. The request form comes direct to my e-mail box and I can then provide the current status to you.  (Don’t worry, I am not going to spam you into oblivion with a bunch of worthless e-mails)

Accessing this free search service can be done by clicking the Foreclosure widget or the Foreclosure Search navigation link at the top of my site. Or click here to access the search screen.

Related articles

• Report: Foreclosure Activity Drops in April(blogs.wsj.com)
• Foreclosures vs. Delinquencies: It’s All About the Courts(blogs.wsj.com)
• Foreclosure Filings Fall To 40-Month Low(clewismortgage.wordpress.com)
• VA Foreclosures(vabenefitblog.com)

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