Just when it looks like we’re managing to get things back under control something comes along and throws a wrench in the works. The economy has been recovering a little bit, jobs are coming back, and housing prices are starting to inch up. Which means it’s time for Uncle Same […]
Here’s the latest in the line of creepy suggestions for fixing our real estate market. It was suggested by a group which I’m sure stands to make a bundle if the deal is ever implemented. It’s called innocently enough, “Homeownership Protection Program” (HPP). I mean, we all want to be […]
If you went through the foreclosure process between 2009 and 2010, your window to request a foreclosure review has just been extended by two months. 200,000 people have already requested a review (who wouldn’t, right?) and the numbers keep climbing. This is the chance for looking into “errors” made by […]
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 the same thought, but apparently someone did. A top economist was asked if the housing market has hit bottom. He […]
There is a big difference between what we need and what we want. There are a lot of things that we want and we’ll even say that we need them. But when it comes down to it we all know that our wishlist of “needs” are really things we can […]
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 […]
Yikes, right now one of the last places I’d like to be is in a bank. No I don’t mean in a bank like waiting on line in one. I mean working for a bank or being responsible for what a bank does. Because there are sharks in the water […]
So there’s a war of perception going on and as usual none of it really matters. Basically Moody’s (the same people that decided the US needed to be taken down a peg) have chopped the legs out from under three major banks: Citi, B of A, and Wells. They’ve decided […]
If you’re in the house-flipping business you’ll be happy to hear this news: the government has extended the suspension on the “anti-flipping” rule. To hear all the details, just check out this video:
Most people think the housing market won’t recovery fully from its pre-recession times until some time in 2013. The rest of the population thinks it’ll be closer to 2015! This is based on surveys conducted by RealtyTrac and Trulia. Some of the most glaring reasons people are so disillusioned are […]
