The pandemic is still raging, the President of the United States is in the hospital, the election is right around the corner, and so are the holidays. The frenzy has to slow down at some point, doesn't it? So I schedule for 11am, and show up to find today's list of...
Yesterday reader SBT asked, I’m not in the real estate industry so maybe I’m missing something but does the fact that the ppsf is the same as ’05-’07 mean we are in a mini bubble?? Everything seems too expensive right now? thoughts? If it were a bubble, it would need...
The folks at www.1worldonline.com like to poll their audience, and last month they used a bubbleinfo.com blog post in one of their surveys. Their readers voted on this question: Is the increase in real estate value a sustainable trend? Home prices have increased...
These guys aren't as famous as Case-Shiller yet, but they employ a similar tracking of same-house repeat sales around the country (they have 45 million observations on file!). Here are the changes in their HPI year-over-year for the San Diego County single-family...
More from C-L on the delinquent mortgages - can we work our way out of this? We are hitting the peak months of resets/recasts, yet delinquencies are dropping? The banks/servicers must be working feverishly to reset/recast the expected $1.6 trillion in ARMs, or just...
Thanks to SM for sending this in - click on image for clarity:
Earl had this listed in the high-$600,000s, but after almost five months and no sale, the bank re-assigned it to another agent, and lowered the price. Will having only 3 bedrooms, no yard, lots of stairs and backing to the street force the price down further? Is this...
From HW: What double dip? House prices in the United States are reaching new levels of volatility, defying trendy labeling. Tuesday news from Standard & Poor's/Case-Shiller index found the average price of a single-family home reached a new low in the first...
From the FT.com: Bank of America plans to shrink its $850bn portfolio of troubled home loans by about half over the next three years as it seeks to quicken the pace with which it resolves problems related to the housing crisis and its disastrous purchase of...
It's all over the news - the housing double dip is here. They say that the DD is caused by an overload of foreclosures dragging down prices - but they are talking about the overall national market. Are the recent trustee sales building a backlog of REOs around San...
