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...
Woah, harsh news being reported by the NAR. I know it’s hard to be the bearer of bad news, but I’m pretty sure we all want to take out our...
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...
Delinquency rates have fallen again for the second straight quarter. That means the number of people more than 60 days behind on their mortgage payments is less than it was...
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 if the appraiser is incompetent or even corrupt. Fannie Mae is trying to make a change. From now on, lenders that sell loans to the...
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 in different times now. You’ve actually got to suspect that your bank might be falling. And suspect it early enough to get out while you...
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 them this. The balance won’t be restored until 2012! That means prices won’t be going up any time soon either. With all of the foreclosures...
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 summer shouldn’t have come as a surprise to anyone. Well, except the government. Apparently this took them completely by surprise. The Obama administration is thinking...
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. Well, they’re reporting that housing affordability is near its highest level in the past two decades. And it’s been this high for the last year...
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 you were wondering, that’s 23% of ALL residential properties with mortgages.) So how did this happen? Did home prices go up? Did more people pay...
Woah, harsh news being reported by the NAR. I know it’s hard to be the bearer of bad news, but I’m pretty sure we all want to take out our frustrations on them. Their study reveals that sales of previously owned homes fell 27.2% from June to July. Everyone expected sales to drop since the...
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...
Some people, mainly those calling themselves human and living on Planet Earth, are tempted by money to do dishonest things. Those who never feel tempted couldn’t find lawyers to represent them so they’ve moved to Jupiter. So those of us left might possibly think about letting our fingers dip into a pot that just might...
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