In January, 2009 the Fed didn't hold any mortgage-backed securities. Today they have $843 billion, and yesterday they "agreed to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee...
The QE3 should cause more folks to look for healthier yields from hard assets. The yellow carpet pictured here was from the duplex on Dixie, listed for $1,050,000 (and now pending) for what is essentially a teardown. Someone made a cash offer that was $100,000 over...
It seems that they think that QE3 will push down mortgage rates, but it looks like QE2 got in the way - mortgage rates went down as soon as QE2 stopped on June 30, 2011: It will always be a different time and place, so let's face it, there are different parts of the...
From sddt.com: In the San Diego-Carlsbad-San Marcos residential market, the level of underwater mortgages leveled off in the second quarter, according to a real estate services company. CoreLogic reported 165,650 of all residential properties with a mortgage (28.1...
When selling, try to minimize the distractions, and keep it simple for the buyers:
From HW: As unpalatable as it sounds, a working paper paper from the National Bureau of Economic Research finds that delaying foreclosures and trying to keep distressed homeowners in their properties is actually worse for local housing economies. Their proposed...
From dsnews.com: House lawmakers overcame election-year gridlock on Tuesday to punt their version of a bill that would shore up the Federal Housing Administration, whose embattled Mutual Mortgage Insurance Fund falls short of the capital required by law. The lower...
From the wsj.com: LITHONIA, Ga.—On a muggy morning earlier this month, Paul Fuhrman pried the screen off a window to get into a two-story house in this Atlanta suburb. It was just another day's work for the 43-year-old executive at private-equity firm Colony Capital...
In the last 30 seconds the list price of this house is mentioned, $1,250,000, and that 70% of the houses for sale today between La Jolla and Carlsbad are priced OVER $1,000,000 - averaging $744/sf! There are 293 houses for sale under $1 million, but there is a typo...
From the wsj.com: Six years after the U.S. housing market tumbled into the abyss, demand for brand-new homes is picking up. Sales are on the rise, and prices in many areas are inching higher. The bad news for buyers: The new market environment means less discounting,...
