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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...
How much would yet expect the home buyer program would cost the government? If you had to put a number on it, do you think you could? Well, some estimates are making their way around the internet now. One estimate from the Government Accountability Office pegs it at $22 billion. Now, the way the original...
Whoops! Experts in the real estate field really slipped up on this one. Since the expiration of the homebuyer tax credit, pending home sales have been in a steady decline. But the latest numbers from July show that the NAR’s Pending Home Sales Index increased 5.2% from the previous month. The news really caught them...
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...
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...
I feel like a broken record, always talking about how home prices are going up, but also going down, but also kind of the same. I guess this track on the record doesn’t really make a lot of sense. Take the June figures for example. Sales fell for another month, but are still a lot...
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...
Well, folks, seems prices kept on rising right through June. Clear Capital reports that because of the left-over effects of tax credit prices are up 8.8% over last June. Then I see a quote from a whole bunch of people who are cheering and partying about how awesome everything is. Till they wake up and...
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...
Did you ever notice how things have a way of balancing out? You know, things go down just as something else goes up. It’s always funny when it works out that way, but it really makes a lot of sense. Take the latest news about home prices, for instance. The tax credit for first time...
6 percent. Apparently that’s the magic number these days. That’s the delinquency rate nationwide. That means 6% of mortgages are more than 60 days overdue. Now, keep in mind, that’s a terrible number! It’s just that it’s the first drop in the rate in 3 years. That’s pretty exciting news for most of the country....
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