The clock is ticking for individuals either facing foreclosure or that are underwater and desire to complete a short sale of their primary dwelling, in regards to any debt forgiveness. What may not be a taxable event in 2012, might become imputed ordinary income in… Read more
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Shrinking Inventory and Rising List Prices: Continuing Signs of a Recovering Housing Market
May15
0
There are positive signs spanning the spectrum indicating a turning real estate market despite some weak spots across the country. Just a few days ago, USA Today reported that the number of existing homes for sales had dropped 22 percent from a year ago and… Read more
Second Homes No Longer Second Seat as Demand Grows
May14
0
Despite increased energy costs, the second home market—like the primary dwelling market—continues to heal albeit in a new mode not seen in the days of cheaper gasoline. A recent series of articles on second homes shows a new approach to second homes coupled with rising… Read more
Rising Rents — Theme of the Year and the NEXT
May10
1
The dearth of residential construction in the past four years and a growing (albeit sputtering) economy, has set the stage for several years of rising rents—and in some locations SIGNIFICANTLY rising rents. One of the mega themes I have addressed this past year in my… Read more
Potential Free Foreclosure Review for Homeowners In any Stage of the Foreclosure Process in 2009-2010
May07
1
Homeowners that were in any stage of the foreclosure process in 2009 and 2010 and that were a customer of one of 27 mortgage servicers may qualify for a free foreclosure review that may in some circumstances lead to compensation. Requests must be made no… Read more
MSA and Metro Division Job Losses and Gaines From the 2007-2008 Peak
Apr25
2
I had the opportunity to speak this week at the Midwest Regional ERC Conference in St Louis. When I talked with individuals from across the country I realized how important the statement is that “There Is No Such Thing As A National Real Estate Market —… Read more
10-Year Treasury Rates and 30-Year Mortgage Rates 6 1690 Posted by on Mar 17, 2009 For the past 36 years the spread between 10-year Treasury note rates and 30-year residential rates on a monthly basis has averaged 1.7 percent or 170 basis points. The current spread between the two i...
Home Prices – Are We There Yet? 75 715 Posted by on Oct 09, 2008 Any parent who has ever been on a trip with a child knows the all too frequent question of “Are we there yet?” That question is no longer exclusively relegated to children on trips—it is now the...
Postponing a Home Purchase Waiting for Home Values to Decline Further May Price You Out of the Market 23 645 Posted by on Apr 02, 2009 U.S. home prices have declined across the nation in the past year—albeit at varying levels. Latest national price declines (and again I invoke the TINSTAANREM Clause — There Is No Such Thing As ...
10 Cheapest Housing Markets 7 609 Posted by on May 31, 2011 While the housing market plunge has evaporated the wealth and investment on million of American households, at the same time depressed prices have made the some of the buying opportunities in perhaps ...
THE Solution 60 528 Posted by on Oct 24, 2008 Before you get to the solution you first must accurately define the problem. As The Wall Street Journal pointed out this past week, we are merely treating the symptoms of the financial crisis and not ...
Home Prices – Are We There Yet? 75 Posted by on Oct 09, 2008 Any parent who has ever been on a trip with a child knows the all too frequent question of “Are we there yet?” That question is no longer exclusively relegated to children on trips—it is now the...
THE Solution 60 Posted by on Oct 24, 2008 Before you get to the solution you first must accurately define the problem. As The Wall Street Journal pointed out this past week, we are merely treating the symptoms of the financial crisis and not ...
Postponing a Home Purchase Waiting for Home Values to Decline Further May Price You Out of the Market 23 Posted by on Apr 02, 2009 U.S. home prices have declined across the nation in the past year—albeit at varying levels. Latest national price declines (and again I invoke the TINSTAANREM Clause — There Is No Such Thing As ...
HARP 2.0 8 Posted by on Dec 02, 2011 Fannie, Freddie & MBA Forecast Changes Oct 2011 to Nov 2011
The President announced a change to the HARP program (essentially loan modifications to borrowers with loans that are currently held by F...
10 Cheapest Housing Markets 7 Posted by on May 31, 2011 While the housing market plunge has evaporated the wealth and investment on million of American households, at the same time depressed prices have made the some of the buying opportunities in perhaps ...
