Thanks to reader "interesting" for passing this along yesterday, from bloomberg.com: Blackstone Group LP, the biggest buyer of U.S. commercial real estate since prices bottomed, is jumping into residential property as housing recovers. The private-equity firm has...
I don't think he will have much trouble selling this one, but it'll be a good frenzy-meter:
Now that Obamacare has made it this far, let's re-visit the tax on house sales. Here is a link to the FAQs from the NAR (hat tip to goaround for the reminder): http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument The...
This flipper closed 85 sales last year, at average sales price of $330,441. He, like others, are moving up the food chain. This year he's closed 33 sales, but at an average of $475,190 - a 44% increase!
Hat tip to T&W for sending this along, from dsnews.com: After conducting a survey with current and former clients, YouWalkAway.com reported that lenders are taking longer before beginning the foreclosure process. The agency surveyed underwater homeowners it has or...
Could a recent uptick in foreclosure filings mean more REO inventory later this year? Or just a fake-out to keep the short sales moving? At least we can say that there's been no waiting for us at Bank of America. They listed 1848 Kerisiano for $519,000 just 10...
It's July 1st! What's going to happen the rest of the year? The presidential election is likely to become a distraction, especially if it is a close race. Both buyers and sellers will wonder if it is better to suspend their efforts, and wait to see if the...
