Blogging Broker

“But while the 2010 outlook appears inviting, there’s one key catch. “You need to have a stable job,” says Mark Zandi, the chief economist of Moody’s Economy.com.”
Ya think?
Read the entire article here:
10 Things to Know About Real Estate in 2010 – Yahoo! News.

[Read more →]

What I find interesting is that even where home sales have increased the most  prices are DOWN significantly:
“Biggest sales gain: Sales in Boise more than doubled from a year ago. But the metro’s median home price declined versus a year ago by almost 19 percent to $137,990.”
Read more: CLICK HERE

[Read more →]

The housing market in Fresno is still fraught with foreclosures, posting the nation’s 15th-highest rate in the third quarter, according to RealtyTrac.com.
That means the market there is saturated with available homes, right? Not quite.
read the entire article here

[Read more →]

Sometimes a picture doesnt say a thousand words.

[Read more →]

Foreclosures: Prime Borrowers Are The Latest Victims.
Prime Borrowers = people like you and me.
I have one client who, until recently had excellent credit, and lives in a  3000+ sq. ft. — 5 bd. / 3 ba–  home, which will soon be the property of the bank.
His retail business hasn’t just slowed, it’s fallen off the [...]

[Read more →]

[Read more →]

Associated Press Interactive: AP Economic Stress Index.

[Read more →]

Interesting Article:
Denver-based UDR is offering renewing tenants a flat-screen TV, new carpet, kitchen upgrade or, $300 in cash.
READ MORE HERE:
Landlords Offer Renters Incentives to Stay Put – WSJ.com.

[Read more →]

Look at the Foreclosure vs New Home Starts chart — TRULY A SICK HOUSING MARKET.
The Worst September For Home Sales Since 1981.
Keep in mind that about 2/3 of the sales recently have been foreclosures. In a normal market those homes sales would represent sellers that are either making a lateral move, moving up, or downsizing.  [...]

[Read more →]

Senators agree to extend homebuyer tax credit
Personally, I think the govt should do away with this program.  I also think they should raise minimum FHA down payment requirements to 10%.  Our government punishes savers and rewards the profligates.  They should raise the interest rates so that prudent savers receive a return on their investment.  [...]

[Read more →]