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There are some new stats coming out about how we’re doing, but first, let’s dispense with some rumors. Our Congress has definitely not gone the way of Greece, our leaders...
Good old Florida is turning out to be pretty scrappy after all. Since being one of the hardest hit areas of the country by the “downturn” they were projected to...
There’s nothing quite like learning something new, even if it’s really absurd trivia. But hey, these are important fun facts that you can use in everyday conversation, or to open...
Your check may be in the mail. That’s right, not a Publisher’s Clearinghouse one, but free money is free money so don’t ask questions. Bank of America will be mailing...
I read an amazing article that captures an amazing message for people everywhere. A lot of life’s most important lessons are learned only while your living it so it’s a...
Here’s a comparison you don’t hear very often: the home-buyer tax credit versus European debt crisis, earthquakes in Japan, and debt ceilings. I just wouldn’t have put all those in...
We’ve reached that special month of May when the year turns serious and kicks into high gear. The weather is warmer (minus some freak NE cold spells), production is higher,...
February was a good month if you’re a house – your average value went up. It might just be a temporary thing but I say milk it for all it’s...
The Senate has begun yet another round of fun-filled meetings to try and make HARP actually work for someone. Now they all admit that the reason the program has tanked...
Best audio player to listen faster, learn faster and have a “sexy” iphone player experience. Visit italkfast.com for more information. Sign up for Updates! Share on...
I think it’s important to see the difference between what’s good for “you” and what’s good for “us”. What I mean is people usually think it’s either/or but not both. But let me set the record straight, when it comes to Short Sales, it is most definitely “what’s good for me is good for us.”...
I’m going to have to break some bad news to you. And I know you don’t want to hear anything depressing. But I’m a guy who tells it to you straight and I don’t like to raise unreachable expectations. So let’s get serious for a second: the recovery is going to take a long time...
So here I am skimming the real estate news as I always do and I read about how Freddie Mac is taking its largest hit in a year. And then I read about how the government is obligated to cover their losses. No news there. So I keep skimming and I read about how real...
I bet you can already guess what’s down and what’s up in real estate. It’s becoming a sad joke in the industry how short sales are kicking it over REOs but the numbers don’t lie, so let me blow your mind for a second. Short sales – up 19% in the second quarter (102,407 transactions)...
Wow! This foreclosure nonsense has got to end!! No, not the kind where people who took out mortgages they can’t afford anymore have to leave their homes. I don’t mind that situation as much since that leaves plenty of room for a good short sale to beat out the foreclosure. But once again, there’s talk...
No one can deny that the housing market has changed drastically from what it was only a year ago, and that it’s continually throwing us curveballs. And while the biggest news goes to foreclosures and loan modifications, there’s a large segment out there that’s emerging – first-time defaulters. Now, that’s a common enough creature, but...
Of course, when you’re at the bottom, there’s not place to go but up. Pretty famous saying and sounds reasonable enough. It doesn’t mean that it’s good to be at the bottom, or that it’s particularly impressive if you begin to head up. It just means nothing can get worse so anything you do will...
1,050,500 homes repossessed last year. I’m oddly calm when I see a number that big talking about foreclosures. That’s a record high since this kind of thing became tracked. It’s up 14% from just the year before (and 4 times what it was in 2006). So how are we supposed to react to this? Well,...
I promise (with only two very small fingers crossed) that this will be the last time I write about HAMP. Mainly because the program is almost 100% certainly dead. But also because beating a dead horse has gotten so boring. But I find funny stories where I can and this one just seemed ripe. So...
Take a wild guess how many mortgages are currently past due in the US? No really, take a guess. Now take that number you thought of and, oh, I’d say triple it. Maybe just double it if you’re a pessimistic guy. The actual number is over 7 million. That’s out of the 40 million monitored...
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