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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...
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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 haven’t lost our confidence (well, I guess that’s debatable) and our currency is not crumbling before our eyes (so to speak). So we’re definitely not...
Spin. Spin is a very interesting concept and it’s in use every single day. Spin is all in the context, in how you say something in just the right way that it sounds totally different. Today’s headlines provide a good example. “2011 Home Bargains May Continue This Year” That headline is a great use of...
Freddie Mac has decided to extend the available forbearance periods for unemployed homeowners. Previously borrowers facing extended unemployment were only eligible for, at most, 6 months of reduced payments. And that required prior approval. Now, borrowers can receive up to 1 year of forbearance from mortgage payments. This could be extremely useful as delinquencies and...
Just in time for Thanksgiving some pretty grim numbers on home prices have come out. Is that ironic? I don’t think so but let me explain. First the facts: prices are down 7% for the year and 38% from their peak. And they are projected for drop another 13% before bottoming out. So investments are...
It looks like the latest unemployment statistics aren’t the first sign of a drastic turn-around. Even though the rate fell from 9.1% to 9.0% (that’s 80,000 new jobs, by the way) it’s in the range predicted by analysts and they say not much else is going to change this year. But during 2012 we should...
If you don’t have any money put away in savings you’ve got to take a good hard look at some scary statistics. According to a national survey one in three Americans wouldn’t be able to make more than one month’s rent if they suddenly lost their jobs. This is true for upper-class people as well,...
You all know that I’m not a fan of government dropping tons of cash into the economy. And I’m even less excited when they start butting their noses into real estate. But I’ve just got wind of an interesting program that may just have some promise. Here are the general ideas behind it: It’s called...
Here’s a wild story making its way around the news today. A woman and her sons discovered that her father had a collection of rare coins which are worth around $80 million. That’s a nice inheritance to get from Grandpa. There’s just one catch: The government says the coins were stolen and are really the...
Will home values stabilize in 2011? That’s the big question on everyone’s mind at this very moment – will stability come in the next 8 months? From last year’s perspective a lot of people claimed they were sure we’d see a big turn around this year. But those same folks are starting to have some...
And there goes number 2. Yet another program has been struck down by the House. The Emergency Homeowner Loan Program has gone the way of the Short Refi. This program which helps homeowners who can’t pay mortgages because of unemployment has been officially canceled. Most lawmakers agreed that this program also needed to be tweaked...
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