People want to think the sky will be falling once Fannie Mae and Freddie Mac close up shop. On October 1st, both will likely be rolling back their super-conforming loan limit of $697,500 to $546,250 in San Diego. Eventually Fannie/Freddie will be morphed into some...
Excerpt from Diana's Realty Check at cnbc.com: A new report from Redfin shows new listings of existing homes dropping across the nation compared to a year ago. Seattle listings down 20 percent, Chicago down 17 percent, Boston down 7 percent and Atlanta down 21 percent...
This was going to run tomorrow - but what the heck, a day early!
This doesn't seem so bad - from the latimes.com: The housing market may be on the ropes, but Curt Beck was ready to come out swinging. He offered $385,000 for a three-bedroom house in Acton. The seller was happy with the terms. But it was unclear if the mortgage...
From HW: The trend of borrowers choosing to default on their mortgage when they otherwise might have been able to afford payments is on the decline, JPMorgan Chase analysts said Monday. Definitions for what qualifies as a strategic default varies. But analysts took a...
This attorney is spreading hysteria here - banks don't have keys to your house. If you don't want to be in this predicament, then don't make your house look like it's vacant! Hat tip to daytrip for sending this: Visit msnbc.com for breaking news, world news, and news...
I think sellers should do improvements before selling, but I'm not big on staging - especially bathrooms!
The next bubbleinfo gathering is on the calendar - click here for more info!
With Fannie/Freddie's policy of taking loans from borrowers with "extenuating circumstances" just three years after their short sale, we should start seeing some of those folks getting back into the market soon - as long as they re-establish good credit. From the...
Hat tip to SM for sending this along, from The Seattle Times: Gayle and Ray Harvie were at Disneyland when they learned a troubled neighbor had stolen, and then crashed, their new $12,000 Yamaha motorcycle. The 18-year-old thief was fine, but the Harvies, who'd raised...
