John Mulkey, Housing Guru

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Services for Real Estate Pros - TheHousingGuru.com

ARCHIVED BLOG POSTS

2011 

  Recent data from the Census Bureau reported a significant drop in the rate of home ownership, falling from its peak of 69.2% to 66.9% in the 4th quarter of 2010; and some experts have predicted that ownership rates could fall as low as 62%.     While continued high unemployment and an uncertain...
01/31/2011
With much of the news this weekend focusing upon understanding the crisis in Egypt, many here in the U.S. are questioning how significant the crisis may be to us.  Other than the potential to disrupt the flow of oil, are there other areas where instability in Egypt might impact our lives?   Absol...
01/30/2011
  Can Congress Really "Fix" Housing? There has been lots of discussion recently about the proposed housing “fix” that may come as Fannie Mae and Freddie Mac are restructured.  Some would like to see the two mortgage giants privatized without any government involvement, while others want to contin...
01/29/2011
  The Atlantic has an interesting article on the effects of the recession and how it is changing our lives, our businesses and our nation.    Here are a few of the more striking changes we’ve seen in the past three years:   ● In 2007 federal agencies held $725 billion in mortgage debt; today they...
01/28/2011
  Those who may believe that congress, banking regulators or the big banks themselves have curtailed their growth as a result of the financial crisis need only to look at where the banks are today . . . it seems no one learned the lessons of “too big to fail.”  Well, perhaps some did; the big “na...
01/27/2011
  In an interview today on Fox Business, Neil Barofsky, the special inspector general to the Troubled Assets Relief Program said that foreclosures are coming, millions of them.  The TARP “watchdog” indicated that the government’s foreclosure relief program, HAMP isn’t working; and it now seems ob...
01/26/2011
  An article on Bloomberg reports that Karl Case, co-founder of the S&P/Case-Schiller Home Price Index, has stated that housing is now “bouncing along the bottom.”  According to S&P/CS, home prices in November fell by 1.6% over those of 2009; however, many expect recent positive economic news to ...
01/25/2011
  New numbers reported on CNBC call into question whether the December sales surge of 12.3% was the beginning of an upwards trend for housing or just an aberration, fed by the delays created by the robo-signing controversy and the subsequent reviewing of foreclosure documents.  An article from Di...
01/24/2011
  Much has been said recently about the possibility of eliminating or modifying the amount of mortgage interest homeowners can deduct from their taxable income; however, new information has come to light that may alter the picture.  Here’s some good and bad news on the mortgage interest deduction...
01/23/2011
Lenn Harley does a great job of "separating the wheat from the chaff" when it comes to determining what it takes to be a successful real estate "professional," and describes how success doesn't just naturally follow those who are more technically inclined.  During my career I've met hundreds of r...
01/22/2011
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John Mulkey

Housing Guru
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