From cnbc.com The long-term mortgage, which began as a Depression-era remedy to keep Americans in their homes, may be out of step, given the current housing crisis. Could it be time to say good-bye to the popular 30-year mortgage? “The 30-year mortgage is outdated,...
osidebuyer wants a report on the lower-tier homes. In Oceanside the cheapie SFR foreclosures have dried up, and there's been an incremental YOY increase in $/sf pricing, with the lowest up about 15%, with those over $400,000 being flat. Here are the first half...
There will be more transparency as the summer fades....
First I put my own kid on the hot seat, then here I'm subjecting one of my favorite clients of all-time to the scrutiny of the blogging public - all in one day! This will be a very interesting test case, because this'll come down to how much the view is worth, and if...
From our friend Nick at the WSJ: At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage? A new study from economists at the Federal Reserve Board aims to answer that question. The research found that the median borrower...
The substitution effect can squish down values in other areas, and for the bank clerks charged with the responsibility of determining the opening bids, it is a moving target. Here are two properties from the foreclosure list who have published opening bids - which...
Adam's on a roll - here's a CV house he bought on the court house steps on a street where others have been popping!
The Carmel Valley market can probably be split into two separate segments, under and over $1,000,000. With the Fannie/Freddie/FHA limit being $697,500 and most buyers having a healthy down payment, the supply and demand is fairly balanced under $1,000,000. It's when...
Excerpts from the WSJ: It's supposed to be a buyer's market. Yet, for parents determined to buy in areas associated with top schools, those bargains may be harder to come by. When housing markets go south, "areas with exceptional schools tend to hold their value...
How are we going to know if we have a double dip? What is a double dip? Investopedia defines a Double Dip as: "When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession...
