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...
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...
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...
According to a recent study, 75% of metro areas had increases in foreclosures this year. It may be an early warning sign that the “recovery” is still pretty fragile. But it could still all depend on which way unemployment swings. Keep in mind, this study is just tracking large metro areas, not rural areas. Smaller...
Now that Obama has signed the Dodd-Frank bill into law, someone should actually go ahead and read it, don’t you think? I mean, it’s 2,300 pages of finance reform. Not exactly edge-of-your-seat entertainment. Though it may actually impact your future. I guess it’s a toss up. Obama claims that the new legislation means there won’t...
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...
Okay, true or false: 31% of all home sales in the first quarter of 2010 were foreclosures. You’re thinking it’s true, right? I mean, why would I make up such shocking numbers for no reason? Well, you’re right. It’s actually true. Though pretty unbelievable. What’s even more amazing is that prices for distressed properties were...
Altos Research shows that home prices across the country have actually risen by 0.2%. That’s the first upswing in 9 months. Other indicators, they claim, are going to show increases as well soon. They show 26 major cities across America, including some really hard hit ones, have prices moving up. This is despite the fact...
Okay, so maybe you CAN have your cake and eat it too. I recently told you about the dramatic drop in home prices around the end of April. You may remember that as the time that the home buyer tax credit was set to expire. So everyone jumped on the bandwagon and tried lowering prices...
Just take a wild guess how much foreclosed property US banks are holding right now? Come on, pick a big number. Ready? It’s $41.5 billion! Yep, that’s actually up 12.5% from the end of last year. It was “only” $36.9 billion back then. But don’t worry, these abandoned properties only represent 0.3% of what the...
PLEASE PLEASE PLEASE tell me you cashed in on the latest commercial property bust! If you tell me you missed it I’m going to cry myself to sleep tonight. You know we just had a whole seminar about how to cash in on commercial foreclosures. If you missed out on the MAJOR BUCKS you could’ve...
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