Excerpts from Reuters: The November 6 U.S. presidential election between President Barack Obama and presumptive Republican challenger Mitt Romney may be decided by a small number of "swing" states - those that could go to either man - where the health of the housing...
Corporate relocation companies are faced with the same trouble as REO clerks - trying to accurately price a home from hundreds of miles away. In this case, they just happened to pick about the same price as paid in July, 2009:
The shift from foreclosing to short-selling is having its challenges. The banks and servicers are not foreclosing at the same pace, presumably to give defaulters a chance to work their way through the loan-mod waterfall. Once a loan modification has been attempted and...
(Senatobia, MS) Terry Jordan, of Tate County Mississippi, quickly fell in love with a home in Senatobia. It was a foreclosure and needed a lot of work. Her husband had just lost his job. He was going to fix it up and sell it for a profit to help them while they got...
Mike B., a friend of the blog (and the guy who was cruising the Pt. Loma homes in the flight path a couple of months back) is one of the volunteers who is building homes for disabled veterans. He had put me in contact with Juan Dominguez, and we thought we had a good...
From our friend Alejandro at the latimes.com: About half of the $410 million flowing into California's coffers from the national mortgage settlement with major banks will be pumped into the state's housing counselors and legal services agencies that help struggling...
From the SDT: Boosted by a major increase in apartment construction, statewide housing starts continued on an upward path during February and March, according to the California Building Industry Association. The statistics are the last building permit data to be...
Now the the market has tightened up with very little selection available, (more pendings than active listings in San Diego), who are the people that benefit, and who gets hurt? The environment is full of anxiety, bidding wars, and shenanigans, and not much hope of it...
