People often tell me that when they were in college they assumed owning a home was something they would only do much later in life. The goal of being a...
How bad is it for you when you live in a ghost town? Drives down property value, doesn’t it? Well, Washington thinks America’s cities are turning barren, with empty homes...
Whoops! Experts in the real estate field really slipped up on this one. Since the expiration of the homebuyer tax credit, pending home sales have been in a steady decline....
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...
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 suddenly Washington comes down on them with God’s wrath saying “We told you so.” So now it’s time for us to say to Washington “No...
Apparently, ServiceLink, a Pittsburgh based company, has dramatically decreased the turn around time in a short sale. They’ve beat the national average by a third. That’s 30 days instead of the more common 90. And from start to finish, they’re claiming 75 days instead of 5 months. Now that’s a pretty good claim. How did...
According to a recent study, 75% of metro areas had increases in foreclosures this year. It may be an early warning sign that the “recovery” is still pretty fragile. But it could still all depend on which way unemployment swings. Keep in mind, this study is just tracking large metro areas, not rural areas. Smaller...
1.65 Million and counting. That’s how many homes have received foreclosure notices this year. In case you didn’t remember, this year is only half over! We’ve got six more months of … well, hopefully less people losing their homes, right? If the trend continues, RealtyTrac estimates that 3 million properties will have foreclosure filings and...
Okay, true or false: 31% of all home sales in the first quarter of 2010 were foreclosures. You’re thinking it’s true, right? I mean, why would I make up such shocking numbers for no reason? Well, you’re right. It’s actually true. Though pretty unbelievable. What’s even more amazing is that prices for distressed properties were...
I’m thinking of changing my name to California. Think it’s a good idea? I just heard the US government is giving California $700 million to fight foreclosures. So maybe I can pull a fast one and get the money deposited in my account. After all, who helps fight foreclosure more than me? Though, if I...
Just take a wild guess how much foreclosed property US banks are holding right now? Come on, pick a big number. Ready? It’s $41.5 billion! Yep, that’s actually up 12.5% from the end of last year. It was “only” $36.9 billion back then. But don’t worry, these abandoned properties only represent 0.3% of what the...
There’s weird news coming out these days. Apparently lenders are repossesing record numbers of homes. But at the same time, they’re starting far fewer new proceedings against delinquencies. Weird, don’t you think? Most people think it’s just delaying the inevitable. I mean, most of those struggling homeowners have lost their jobs. And with unemployment unlikely...
6 percent. Apparently that’s the magic number these days. That’s the delinquency rate nationwide. That means 6% of mortgages are more than 60 days overdue. Now, keep in mind, that’s a terrible number! It’s just that it’s the first drop in the rate in 3 years. That’s pretty exciting news for most of the country....
( Please read every word ) **or at the very least scroll down to: HERE’S YOUR FIRST POSSIBLE COMMERCIAL DEAL SCENARIO shown in BOLD font below. … then go there ===> http://budurl.com/goldrushtuesday Can you imagine someone calling you up and saying… “Hey I just want you to know that I think you’re so cool that I wanted...
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