By Ash Bennington, NetNet writer, special to cnbc.com: According to economist Nouriel Roubini, the housing market is in a double dip. And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth. "It's pretty clear the housing market has...
When faced with having to accept an offer that's lower than expected, sellers like to think that there will always be other buyers - and there will be. But will they pay the same price....or more, later? Here's a good example. First the builder said they were going...
From msnbc.com: Sherrilynn Palladino lives in a modest three-bedroom home with an affordable mortgage about a mile and a half from the ocean in Grover Beach, Calif. She's never missed a mortgage payment during the 10 years she's lived in the neighborhood. In fact,...
I think we can all agree that the real estate slogfest is likely to continue. What would it take to ignite the market in 2011? All we need to do is to increase sales. Because if the pace of sales increased dramatically, it would give direction to all involved. More...
What are the ingredients for a double-dip? We could say that declining sales would be a precursor, and a downward trend in pricing would be an obvious sign. But the best signal would be houses on the market but not selling, listed for the same of lower prices than...
Musings about current market conditions - the sellers aren't happy about my lowball offers, but what else do you got? Expect that listings will be cancelling in disgust, with sellers thinking it'll be better next year. But selling won't be "better" in spring or...
Kris Berg reviewed the new Freakonomics movie, and how they criticize realtors for telling their clients to sell early. Just like in their book, they refer to a study that realtors wait longer to sell their own personal residences, and get more money. In the end,...
By now we've become comfortably numb to the sensational foreclosure headlines. Yesterday, from RealtyTrac: A record total of 102,134 bank repossessions were reported in September, the first time bank repossessions have surpassed the 100,000 mark in a single month. A...
Besides using cost-per-sf, how else can we determine the approximate value of a home? The appraisers have a book of formulas and guidelines, but did you know that they are given the sales price before they go out to appraise? They use their book's guidelines to show...
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