Guy Adams's (guyadams) Blog

Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they can absorb a few ups and downs as the still-recovering housing market gains traction. Houses are in move-in condition. Home owne...

Overall construction spending rose in June, driven by record government spending, the U.S. Department of Commerce reported Monday. Spending on single-family residential structures declined 0.7 percent in June, the first time that number has gone down in a year. Funding for public construction in...

Federal Reserve Chair Ben Bernanke said Monday that the economy is growing moderately, but still has a "considerable way to go to achieve a full recovery." Persistent weakness in housing is one of the key factors slowing the economic recovery, said Bernanke, who spoke at the Southern Legislative...

OK, so maybe this didn’t happen…………. I just escaped!  I ran all the way home to tell you what just happened to me.  I can’t believe this….I’m out of breath…….  Ok, breathe…in…out….in…out.  Ok, yesterday, Wednesday, July 28th, 2010, 1700 hours, I mean 5:00 P.M., (sorry, I reverted back to my milit...

The Cincinnati Area Board of Realtors has released numbers for home sales for June, 2010.  There were 2,129 units closed in June, a 7.63% gain over June of 2009.  Reported sales are largely due to contracts written before April 30th that qualified for the federal tax credits of $8000 or $6500. Ci...

Bank loan officers are now required to add their names and fingerprints to a national database so it will be easier to identify unethical lenders. Federal regulators approved these requirements Wednesday and the registry is expected to begin operating next January. Banks will have 180 days to co...

Fannie Mae CEO Michael Williams said Wednesday that Fannie’s current book of business is its strongest in 10 years. In a speech to the group Women in Housing and Finance, Williams said Fannie is emphasizing long-term, fixed-rate loans based on more accurate appraisals to borrowers with higher cr...

The restoration of the single-family rural housing program that would guarantee home loans for rural buyers was passed by the Senate today and is on its way to President Obama. The National Association of REALTORS® has vigorously lobbied to restore funding for the rural program since last March,...

Repossessions climbed 38 percent in the first six months of 2010 compared 2009 and were up 5 percent from the first quarter, foreclosure listing service RealtyTrac announced Thursday. In all, lenders repossessed nearly 528,000 homes in the first six months of the year. If that rate continues thr...

Frugal Tips for Making a Home More Appealing Homeowners who want to sell but don’t have a lot of cash to spruce up their properties might consider these tips from Bankrate.com for upgrading a property without spending a fortune. Polish up the kitchen. Add new cabinet door handles, replace lightin...