Home appraisals are often the most stressful part of any home sale. You never know if your home is worth what you’re hoping to get for it. You never know...
Duck! Your bank is falling! A few years ago, that would have sounded as absurd as “The sky is falling!” But that was a few years ago and we live...
How long do you think it’ll be until demand for homes outstrips supply? Half a year? 1 year? If your friends have been telling you the recession is over, tell...
The evidence so far clearly shows that the surge in home sales in the first 2 quarters was completely due to the tax credit. So the slow down over the...
Have you heard of the Housing Opportunity Index? It was developed by the National Association of Home Builders and Wells Fargo to measure how affordable housing is around the country....
Two quarters in a row the number of homeowners classified as “underwater” has declined. That means that “only” 11 million homeowners owe more than their homes are worth. (In case...
It seems some numbers are up while some numbers are down. That seems to be the norm in this crazy economy. If you look at things one way the glass...
Woah, harsh news being reported by the NAR. I know it’s hard to be the bearer of bad news, but I’m pretty sure we all want to take out our...
You know the government loves to dish out “I told you so” like it’s all they know how to say. You find a single company stepping out of line and...
Delinquency rates have fallen again for the second straight quarter. That means the number of people more than 60 days behind on their mortgage payments is less than it was...
Captain Cory beamed aboard, his face glowing. He turned to Ensign Chekhov and said, "Mr. Chekhov, plot a course to take us back through the wormhole. Our work here is done. Next stop, 2438!" Cory sat back in the captain’s chair with a smile. Their unfortunate situation, being stranded at the brink of 2010, had...
Cory, captain of the USS Enterprise, paced the bridge nervously. He had recently been promoted to captain, but was still finding the role a bit much to fill. He had been assigned by Starfleet Command the dangerous mission of exploring a gaseous anomaly in the Residential sector. While entering the anomaly to take readings, Lieutenant...
Well, well, well, 2009 is winding down and of course it’s time for a little reflection. You just can’t help looking back over the year and seeing how different things are now than when the year came in. I guess most of us would say that this has been a tough year. Unemployment has hit...
Here’s news that sure to shake up the industry! Here’s the break down: We’ve known all along that the short sale is going to save the economy, the housing market, the credit system, end hunger, bring world peace, joy to all, etc. etc. Even the government has been willing to admit that and openly encourages...
First American CoreLogic released data on Thursday indicating that 1.7 million REO’s and potential foreclosures hadn’t hit the market by the end of the third quarter. Based on the current sales pace, it’ll take 3.3 months to get rid of all of these homes. (Compare that with last year’s 1.1 million homes.) This is not...
I know you’re concerned about the housing market. Everyone is and, let’s be honest, no one is really sure where things are going to go. But I thought I’d lift your spirits just a bit with this little piece of news. According to the latest reports, the commercial real estate market may show a significant...
No, I’m not talking about the hit TV show. I’m referring to the results of a new survey released by RealtyTrac regarding buyer enthusiasm towards buying foreclosed proper- ties. The latest study shows that 43% of buyers are at least somewhat likely to consider a foreclosed home when buying in the future. This is down...
When you’ve got more money than you expected, what do you do with it? Do you: (A) Save it for a rainy day (B) Spend it on something really extravagant (C) Give it to charity (D) See how many dollar bills you can stack without them toppling over? I know there’s a lot of you...
Congress is moving at light speed to get legislation in before the holidays. The latest measure to pass is a sweeping bill that will restructure government economics and oversight. This bill is designed to oversee mortgages, ban "predatory" lending, and declares that no company is so big it requires a taxpayer bail- out. It passed...
You know what I mean… Are you eligible for a loan modification? If you’re like me, you have absolutely no freakin idea! I mean, what are the government’s rules anyway regarding HAMP? I mean if you think you’re having trouble making your mortgage payments, then you think you should be eligible, right? But like everything...
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