I know, I know, I’m pounding the inventory drum to death. I guess I just can’t help it; it’s just so painfully obvious. Do you remember the Hans Christian Andersen story of the emperor who… Read More
Today, the National Association of Realtors’ pending homes sales data, representing June’s homes entering contract, showed a decline of .04%. Analysts expected a smaller decline of .01%. The Decline is being blamed on a combination… Read More
Mortgage rates have risen 1.10% since May and while 1% may not sound like much, it represents an increase of 67% and that does sound like a lot. Effectively rising interest rates means a home… Read More
Yesterday was an interesting day for anyone involved with real estate. Whether you’re a Realtor, mortgage broker, buyer or seller, the events of May 28 were pretty incredible. As is the story on the last… Read More
Pipeline. I suppose the word stems from the bringing of water from the well to the parched. Perhaps it comes from the ancient times. King Herod is supposed to have built miles of waterways to… Read More
I have said in the past that I wish I were Diana Olick from CNBC. She made herself a nice little career reporting on housing’s demise. So it should be very interesting watching how she… Read More
Summer 2012 will be remembered in real estate circles as the summer of no inventory and the return of the building industry. Yesterday it was reported that housing starts declined by 1.1%; a number that… Read More
Let me begin by saying I’m not a Ben basher, on the contrary I like the Fed Chairman. But last month’s announcement that he intends to keep rates low for the next two years was… Read More
Dear Mr. President, Chairman Bernanke, Secretary Geithner, Brian Moynihan, Vikram Pundit, Jamie Dimon and John Stumpf, Want to start to fix the economy and help housing at the same time? Refinance underwater and insufficient equity… Read More
Fed chairman Bernanke’s assessment yesterday for continued slow growth was not what the doctor ordered. Clearly the economy is getting better, but at a projected 3% growth, not nearly fast enough to help the millions… Read More
