Happy Valley Real Estate Action Report

Real Estate
The recent volume of properties sold in Happy Valley has been upbeat with values increasing modestly followed by periods of settling during hints of downward pressure. Like much of the metro area, the number of active listings available on RMLS in Happy Valley remains stubbornly low. Unfortunately, this small increase in value has not been enough to help many distressed homeowners avoid a short sale or foreclosure. Several factors are keeping real estate down including new appraisal regulations, new loan qualification standards and natural negative buyer sentiment to price increases. Upward price traction has been difficult at best with the amount of distressed properties being a key component in appraisal consideration. CoreLogic Housing Statistics CoreLogic of Irvine CA, a company that tracks each resale of the same house in the…
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