RECENT BLOG POSTS
Here are 16 tidbits of information that are impacting the housing market: 1. According to Zillow, 28.4 percent of all single-family homes with a mortgage in the United States are now underwater 2. According to Zillow the average price of a home in the U.S. is about 8 percent lower than it was ...
Thousands upon thousands...well actually millions of homeowners are not able to pay their mortgage because of their employment situation, medical bills or because they bought a home they couldn't afford. Those homeowners fall behind on their mortgages, end up in default...many reach out for help ...
How do "Distressed Properties" impact the neighborhood? We have recently heard some encouraging news with regards to the housing recovery...home sales are picking up & foreclosures are down. There are mixed opinions on the reason... Are the lenders delaying the foreclosure process? Are more...
Credit Score Impact from Short Sales & Foreclosures How much does a Short Sale impact your credit score? How much does a Foreclosure impact your credit score?
Oil & Housing Don't Mix...well at least not in a positve way. With gas prices hitting the $4 a gallon level and many estimates expect $5 & homeownership at incredibly low levels, where's the economic recovery? Homeownership has dropped to the lowest level since 1998. In the 1st Quarter of 2011, h...
Buy or Rent in Retirement...what's the best option? Both Renting & Buying have advantages & disadvantages... a few to consider when making the decision. BUYING: The PROS More Control--The most obvious advantage of buying is that you decide where and how to live. You do not have to worry about ...
Penalizing Responsible Consumers The government is hampering the housing recovery by placing additional risk-retention requirements on the banks/lenders. The policy will prevent more employed middle-class citizens from becoming homeowners...they will be priced out of the market. Federal regulator...
The Pendulum Continues to Swing... for Approving Potential Homeowners A large reason for the implosion of the housing industry was the slack underwriting rules...or lack of rules. Most of us will agree it was way too easy to get a mortgage, many mortgages had very little chance of succesful repay...
How Low Will We Go?.... 5%, 10%, 20% Nobody Knows!!!! What do we know? We do know that Foreclosure Inventory Volume is outpacing Foreclosure Sales. We know that Foreclosure Sales make up approximately one-third of all home purchases. We also know that Distressed Properties sell at a discount, w...
Number of Months of Shadow Inventory State by State The map shows the number of months it would take to clear the shadow inventory by state. Bottom Line Appreciation of residential real estate will not take place until a region works their way through the shadow inventory that exists. This map gi...