The latest Case-Shiller Home Indices came out yesterday and there were few surprises. Price appreciation declined in almost every market, a fact that suggests that home values are stabilizing. This should come as no surprise since… Read More
When the real estate market was at its lowest point, prices had to by definition do what? Either stay flat or rise. After all we’re talking about the lowest point. For argument sake, let’s say… Read More
I heard some guy, some housing analyst on CNBC yesterday, tell viewers that homes were more affordable in 2003 than they are today due to the fact that people had better access to adjustable mortgages… Read More
Great news for property owners: Case-Shiller, S & P’s housing index, shows home values are up across the nation. Prices in some areas like Los Angeles Metro, are up for the 15th consecutive month and… 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
Many real estate agents, analysts and buyers are asking the same question: What the heck happened to the bottom? Weren’t we supposed level off before surging up again? Doesn’t this portend to another bubble that… 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
