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All the hassles and pains of doing a short sale . . . well, they still exist, unless you choose to use a professional. But at least as far as...
Remember when people told you that the recovery will see gains of 3 to 3.5 percent? That prices are going to look pretty good in the next couple of years?...
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...
Everyone out there who likes to talk about the real estate market likes to show off his or her own spin on what’s most important to look at. You can easily get overwhelmed with people telling you to focus on housing starts, home prices, unemployment, housing permits, loans, foreclosures, defaults, etc. Then you can go...
A new, fascinating, mind blowing, game changing study was just released. Did I get you interested yet? Sorry to disappoint you but that was pretty much all sarcastic. There really was a study but I consider it mostly a bunch of … well, you’ll see. Home prices, the study goes, are actually on the rise....
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...
Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you’ve ever heard. And there are still almost 2 million still out there. So if you’re shopping around, fear not, you’re bound to find something. And apparently there’s no rush either...
Mmmmm, the word liquidated just sounds delicious, doesn’t it? It makes me think of good food cheap. I’m not sure why but that’s just the impression I get. But I’m sure for most of the country the term leaves a really sour taste in your mouth. Liquidated means people losing homes and banks cutting losses....
This “Occupy” craze is really sweeping the nation, isn’t it? From North to down and from East to the other side it’s become the popular movement that’s got big business worried. Now the cause has spread to our industry and I think it’s worth talking about. Now don’t jump to conclusions here. I’m always willing...
As anyone with his finger on the pulse of the industry knows, homes are being bought. What’s taken S&P by surprise is that they’re being picked up faster than they expected. Basically at the end of the second quarter there were $405 billion worth of properties in the shadow inventory. Compare that to $384 billion...
This isn’t going to sound P.C. but I’m just going to say it anyway – our country is being overrun by foreigners. No, I don’t mean the kind that come here seeking opportunity and who want to contribute to the great American melting pot. And I don’t mean the kind that climb over the border...
It’s being reported that there have been major drops in the number of delinquencies and foreclosures. (I won’t take all the credit, but maybe just a little.) For the last 5 quarters delinquencies have been dropping, and the shadow foreclosure inventory has similarly been dropping. But the good news isn’t nationwide, unfortunately. Five states account...
You’ve definitely noticed how crazy housing prices can be, right? One minute you’re hearing wild announcements about economic recovery and home prices are definitely about to shoot up. And then the next day someone tells you to get out while you can because the housing market it about to sink lower than ever. So eventually,...
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