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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...
The fact that loan modifications outpaced foreclosures for the first time ever didn’t really get anyone excited. To find out why not and see how the numbers hide the real picture, look no further than these guys: Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share...
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’ve gotten some great feedback so far in my goal to get the short sale community mobilized. People starting to talk. People are starting to realize that they need clear goals going into 2011. Goals that tell them exactly what they need to do to make short sales the great tool it can be to...
The year certainly seems to be racing to a close. Everyone from salesmen to congressmen are rushing to get their work done. No one wants to leave unsold merchandise or unfinished business on the shelf. So it’s a big hurry to make this celestial deadline and end off the year on a high note. And...
Banks are apparently not in for a very good year that’s coming up. I’m not particularly surprised by the news, but Moody’s felt like it was worth a study so I figured I would pass it along. Loan servicers still haven’t gotten their acts together when it comes to handling documentation relating to foreclosures. And...
Are you a glass-is-half-full kind of person or a glass-is-half-empty kind of person? Guess what? It doesn’t matter one tiny bit! Headlines are screaming out across the internet: Foreclosures at lowest levels since 2008! Pandemonium ensues! New housing starts in the millions! Okay, maybe those last two aren’t exactly true, but the first one about...
The NAR put out some news to explain Wells Fargo’s new rules for short sales if a foreclosure is pending. Basically the point of the new regulations is to allow a postponement of the foreclosure if a short sale is in the works. The basic points of the new rules are: 1) the sales contract...
Home prices dropped another little bit in the third quarter. The 0.2% that it fell might not seem like a lot to you, but experts are saying the impact could be bigger than you think. Consider the following: Only the Northeast part of the country showed increases in home prices. And that was only 1.6%....
I wish I worked for Fannie Mae. It just sounds like the sweetest job out there. I get to completely screw up my job, waste billions of dollars, and get handed bonuses every 3 months. I just can’t think of a better place to work. Hard as it may be to believe, Fannie Mae is...
You’d think pre-owned homes would be a hot commodity in the current market, right? I mean, a steal on an existing home is worth much more than worrying about building the thing in the first place. And yet, contracts signed on previously owned homes dropped 1.8% in September, according to the National Association of Realtors....
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