From RISmedia and fanniemae.com: Thanks to strengthening in consumer spending and growing policy clarity at the end of 2010, the economy is finally poised to accelerate and sustain above-par, less volatile growth, according to the January 2011 Economic Outlook...
Keep looking at a house long enough, you'll find the true value....
From the sddt.com: More distressed assets are expected to go back to their lenders -- pushing those lenders to the brink of oblivion or over the edge. The status of distressed loans, properties, failing banks and how long it will take to for these to work through the...
From Diana at cnbc.com: (S)everal speakers at the forum said several scary things about housing and foreclosures. Mark Zandi of Moody's Economy.com is looking for a hybrid version of Fannie and Freddie, or a mortgage market more privatized but with government backing....
W.C Varones has insight on the Drywaller Bandit, who was apprehended Thursday: The drywaller bandit has been identified as John Leendert Oskam, a 1989 graduate of Pasadena's John Muir High School. He appears to be the son of Leendert and Carol Oskam of Pasadena....
From the WSJ via Calculated Risk - an excerpt on cash buyers: Residential real estate has been slower to bounce back than stocks, but the presence of apparent bargains is luring in newly confident buyers. Richard Stoker, a retired sales executive, recently plunked...
From HW: The relief distressed homeowners get from mortgage modifications is short-lived, with most of the loans falling into distress within a year after hitting the reset button, Standard & Poor's Ratings Services said in a new report Monday. The New York-based...
Here's a youtube follow-up on my mother's house in Concord, CA. Other ingredients: 1. We're offering 3% commission to the buyer's agent. 2. Vacant houses keep the sellers more objective. At least three other agents had brought back their buyers for a second look, but...
We thought auction.com might be on to something, after spending $1.7 million just for their name. They had some flashy advertising, and made it sound like auctioning houses on-line would become the norm. They are owned by REDC, the hotel-ballroom auction outfit, so...
The level of inventory can sway the market - if we see a flood of new listings, it could cause buyers to hesitate. How are we doing so far? New detached listings in NSDCC, Jan 1 - Feb 6: Type 2010 2011 REO 20 10 SS 47 42 Reg. 407 465 (+14%) Totals 474 517 All-San...
