Housing Prices Fall | Why Would Anyone Still Be A Realtor? Okay, I get it, you’re not in it for the money. You’re on a second or third career and you’re just coasting now. You’re an empty nester and it makes you feel good to think you’re in business. You love the camaraderie of being [...]
2011 Could Be The Worst Year In The History Of Real Estate Man, am I glad that I don’t rely solely upon real estate for an income. In fact, I’m really glad we began to diversify when we did. By most accounts, 2011 might be the worst real estate market we’ve seen in a long [...]
Good News! Less Homes Underwater | Bad News…Why? From the “ain’t that a kick in the pants department”…there was some good news in real estate this morning. However it is borne of bad news and only serves to underscore the problems in the housing sector. Bloomberg and CoreLogic are reporting that there were actually fewer [...]
Banks Can’t Foreclose Fast Enough To Keep Pace With Defaults The Wall Street Journal is reporting that the average person in foreclosure has not made a payment in 492 days! That’s the average mind you. That means that most who are in foreclosure have not made a payment in over a year and have found [...]
Prime Loans Now Fueling Record Number Of Foreclosure Filings Well now it seems that the exotic mortgages are not the only loans that are tanking. CNBC reports that even prime / fixed mortgages are beginning to default. The number of new foreclosures reached a record high in the 3rd quarter and it’s being driven by [...]
The Short Sale Is Dead! The Rocket Docket Rules! Ok, I’m calling it and yelling it from the mountain tops…well from as high a roof here in South Florida as I can find as we are kind of lacking for mountains. But you know what I mean. The Short Sale as a viable method of [...]
Are You Still A Real Estate Agent? If So, Why? And what’s your real job? Seriously, this now has to be a question asked of many Realtors out there. It’s funny. When data that just hammers home the reality of the imminent housing sector collapse, where is the National Association of Realtors and Lawrence Yun? Right [...]
Want To Know Why Your Home Isn’t Selling? AOL Finance published a list of the 11 reasons that can most likely cause a home not to sell. It’s pretty interesting as the biggest reasons for a home not selling seem to involve Realtor incompetence. Imagine that. A Real estate agent not knowing how to sell [...]
J.P. Morgan Chase Freezes Foreclosures The Washington Post is reporting that J.P. Morgan Chase is freezing foreclosure proceedings. Concerned with fraudulent filings and paperwork, Chase, one of the nation’s leading banks, announced Wednesday that it will freeze foreclosures in about half the country. This is a move that Wall Street analysts believe will pressure the rest [...]
North Carolina Foreclosures Growing At Record Pace News out of Raleigh, Carolina is not looking all that great for the housing sector. The North Carolina Justice Center says that the State of North Carolina is on pace for a record number of foreclosures in 2010. Based upon the current and average levels of foreclosures in [...]
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