When Grant Fry spotted a listing one night for a four-bedroom house in Orange that seemed to be exactly what he was seeking, he knew he had to move fast. He showed up at the home the next day: "We were here. Bam." He submitted an offer five hours later, at the full...
Home sellers like reading the happier news these days, and buyers don't mind thinking that it's safer to jump in. The lower volume could make for more volatile swings though - in either direction! From dsnews.com: The picture gets rosier for housing as home prices...
Transcript: Interviewer: You don't think housing is on the road to recovery? Shiller: I think it might be. There are a lot of positive indicators. People tend to overreact to these, and if you look at the trend down since 2006, it's a pretty strong trend that we have...
These guys were using this Case-Shiller graph to say the housing bubble has ended. The line on a graph may look like it has normalized, but lately we have had a severely-restricted supply. The old bubble may have fully popped, but we're not out of the woods just...
Hat tip to Another Investor for sending this in, from CBS San Francisco: SAN RAMON (CBS 5) – Would-be homeowners have been camping outside a new subdivision in San Ramon, some of them for weeks, in hopes of buying a home this weekend. A new phase of homes in the Gale...
It's good to see his thoughts getting more exposure - Bravo Bill!
Excerpted from Nick at the wsj.com: Listings of foreclosed properties have fallen in 17 of the last 19 months through July, according to research firm Zelman & Associates. Listings are down 47% from their October 2009 peak and by 23% from one year ago. Banks are...
Livinincali said: It’s definitely going to be a long drawn out process. The biggest group of new defaulters are FHA loans and since the government gets to decide foreclosure on those I expect to see many more years of free rent. FHA Foreclosures would come through HUD...
Excerpted from this AP article: LOS ANGELES -- U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Some 5.49 percent of the...
This first house has been for sale since early 2005, when listed for $5,499,000 during construction:
