Realty Check
Tough talk on all things housing -- booms, busts, bargains and more -- from "Nightline" correspondent Vicki Mabrey
Vicki Mabrey is a correspondent for "Nightline" based in New York. She covers real estate as well as a range of national stories.
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A little Christmas present from Odell Barnes
December 23, 2008 3:05 PM
Bad news out today about the housing market: sales of single-family homes down 8 percent in November from the previous month, and the median price of a home down 13 percent from the same time last year. Not a pretty picture. But if you're looking for a modest home -- nothing fancy, just a little something to call your own, and a place with affordable payments, you can check out Odell Barnes' website, RECA Properties.
Right now he and his investors have about 300 homes available in 26 states -- Ohio, sadly, has the dubious distinction of being Number One on the list with 106 available properties. Indiana is next with 34, and Michigan has 32. States with the fewest listings at one apiece are Minneapolis, Iowa, and Maine. Florida shows three homes, but apparently it's only two, as one is listed twice. (And forgive me, but that one looks more like a garden shed than a house. But pictures can be deceiving).
Since our last story with Barnes, he has met with Fannie Mae and may have another meeting coming up in the new year. When that happens we will let you know. In the meantime, happy holidays to you all. Maybe there's a new (old) house in your future.
December 23, 2008 | Permalink | User Comments (3)
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Can you forward my info to Mr. Barnes? I need a 3brm home in the Detroit Metro Area. A NEW YEAR! A NEW START! A BETTER LIFE. Thank you.
Posted by: Deloris Reyes | Jan 3, 2009 12:49:22 AM
im a investor looking to puchase ivestment properties in the DETROIT METROPOLITAN AREA looking forward to hearing from you mr.barnes contact#3139953435 THANK YOU TRULY
Posted by: ron t | Jan 5, 2009 11:07:49 PM
hello, i clicked on the link above, reca properties and it didnt work, could it be the wrong link or is the site down? please email me at mazenyacn@gmail.com, and let me know the correct one. thank you
Posted by: maz y. | Mar 1, 2009 10:03:39 PM
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