It’s time to gas up the foreclosure tour bus and head to the Garden State. It seems there’s about to be a firesale in the Garden State. In news just released today, foreclosure filings are up…wait for it…163%. Yep…you read that right, 163%!! Citing research from the state judiciary, the Statehouse Bureau reports that foreclosures [...]
A new collobarative study recently released from the Massachusetts Institute of Technology (MIT) and Harvard University concludes that foreclosures reduce home values by 27% or more. Now one thing’s for sure, I’m not an Ivy league scholar nor an egg head from MIT but by doing a bit of due diligence here in my own backyard, [...]
While the actual sales numbers are taking a dive and expected to continue their decline, CNN reports that home prices may actually be stabilizing. Can this be possible? Home prices rose slightly in May compared with a month earlier, appearing to have stablized at the lower levels that followed the end of the residential real [...]
Don’t say we didn’t tell you but it appears the HAMP, TARP, HAFA…and whatever other alphabet soup monikers that you want to use aren’t doing jack to help ease the foreclosure problem. It seems like it was yesterday when we heard so many heralding the savior (little “s” of course) of the real estate market. [...]
Well one of the unexpected realities of the June home sales being so low is that Lawrence Yun finally had no choice but to tell the truth. Yeah…it was that bad! Sales of U.S. previously owned homes in June dropped less than forecast, sustained by a backlog of deals that will dry up when a [...]
From the WTF, I can’t believe it and you wouldn’t either if you didn’t see it for yourself BS crap that the National Association of Realtors is perpetrating. If you had reason to mistrust a Realtor before, then your fears are going to be underscored by what you are about to hear. I get emails, [...]
I often read about how social media is so great and how if you’re not engaged then you’ll fall behind in business. For a long time I have been resistant to such talk because it simply made no sense. We have 13,000 or so Twitter followers but for the life of me I would not [...]
Is it Illegal to Sell a Property You Don’t Own? Now before you answer that question think real hard…and I mean real hard. The answer you come up with will more than likely depend upon whether or not you have a little blue “R” on your lapel. *** Before you read about the legality of [...]
I’m sure you’ve seen a ton of blogs that talk about using a bunch of different tactics to help with your real estate marketing. But if I can borrow a line from Saturday Night Live…Really??? C’mon, let’s be serious. To make money in real estate you need two things and ONLY two things: 1. Deals [...]
I read a comment today by a Realtor that really shows a true lack of knowledge about the business of buying and selling short sales. This Realtor supposedly has a booming business and has allegedly negotiated over 500 short sales. While that may be the case, it really makes me wonder. You see here was her [...]
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