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Two Views on Housing

Believe it or not (oh yeah, you should believe it) there's controversy surrounding the President's latest plan to mess with the housing market. As he announced in his State of the Union address he wants to have someone look through the deep dark...

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Where Are All The Houses?

Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you've ever heard. And there are still almost 2 million still out there. So if you're shopping around, fear not,...

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Frauds Up, But Slowly

According to the latest 2011 statistics, fraud is on the rise, but slowly. If you find that comforting news, I suggest you go back to bed - facing the real world might just not be for you. Yes, there were 1.45 million reports of suspicious...

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Pending Sales Jump, But Not High Enough

Pending Sales Jump, But Not High Enough

Some more stats are coming in regarding 2011 and from our great 2012 perspective you'd think everything is now crystal clear. Or at least that's the impression you'd get from the "experts" who watch the real estate market. (Note: these are the same...

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Housing Needs and Money Wants

Housing Needs and Money Wants

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 live...

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“Almost” a Million Mods

“Almost” a Million Mods

A million is a nice round number and in the world of real estate we don't always manage to get to nice round numbers. What I'm talking about right now is the number of loan modifications that have become permanent since the start of the year. Now...

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HomeSteps Steps Up

HomeSteps Steps Up

Wow, I finally am reading about a government program I can at least a tiny bit get behind. I'm doing my best to sound appropriately enthusiastic without making you think I'm buying in to Washington hype. But for all the ridiculous schemes that...

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Shadows are Disappearing

Shadows are Disappearing

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...

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The FHA Needs My Help

The FHA Needs My Help

I feel so powerful these days. No, not because I'm incredibly awesome. (Did you catch my one-of-a-kind performance at the Awesomeness Fest?) But for a different kind of reason. I'm going to bail out yet another government agency. Yep, I must be...

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Big Bonuses for Bad Boys

Big Bonuses for Bad Boys

Oh boy, you guys are going to love this. Remember all the outrage when private companies that got bailed out by the government started giving huge bonuses to their top executives - the same executives that caused the financial meltdown? Well, the...

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