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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...
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...
Where have all the foreclosures gone? That’s what a lot of concerned people are asking. I don’t mean where is the giant shadow inventory of foreclosures and pending foreclosures. Don’t worry, those are still piling up and will be skewing the market for a good long while. What I’m talking about is, how does our...
If you had to assign blame for the robo-signing crisis/scandal/horror story, would you in a million years have picked “Mortgage Electronic Registration Systems, Inc. (MERS)” as your scapegoat? I don’t think I would have. I mean, who’s even heard of them? Well, okay, that’s not quite fair. They do currently manage half of all mortgages...
For the rest of 2011 house flipping will officially be easier with less restrictions. The FHA announced the “anti-flipping rule” is suspended for the entire year which will accelerate the resale of foreclosed homes. They’re worried what too many homes sitting on the market will do and they’re hoping this will help stabilize the housing...
Standard & Poor’s is below standard in their reporting and poor on original content. Sure they run a great stock index! But as far as their amazing insights into the housing market and the short sale industry, I’m not impressed. Maybe after a few more shots, but hey, it’s only 9:30 and the morning is...
I’ve decided to be generous. You’ve all heard of my generous nature before. I’m kind to small animals. I rarely take candy from babies, and even then only if they’re not looking. But now I’ve decided to pull out all the stops. I’m going to buy up the entire shadow inventory of delinquent and foreclosed...
Here’s a bright spot of news for you. August’s figures for previously-owned home sales rose. And compared to the tremendous dip they took in July, this was pretty surprising news. If the current rise of 7.6% holds, we’re on pace to sell 4.13 million homes. That’s not great, but it’s far better than the measly...
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 Altos Research, home prices will start 2011 at lower levels than they started 2009. Yeah, they’re pretty pessimistic over at Altos. You’d think out in California they’d be a little more relaxed. They, like oh, most of us, have heard about the “shadow” inventory that’s just looming in the background. Well, they predict...
So what did the home-buyer tax credit do for us? And what did it do for the country? Here’s one potential problem: the elevated volume of transactions may have skewed the market. Re/Max reported that June levels are still up from a year ago, but only time will tell if people are still riding the...
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