All we need is more soundbites like this, and we'll be off to the races. Potential buyers who are gainfully employed and have ample resources will gravitate to these articles, especially when they're quoting the guy with the most negative foreclosure stats. From...
From HW: Bank of America Merrill Lynch analysts believe the federal government should begin investing in distressed real estate directly through a second round of the Public-Private Investment Program to reduce the shadow inventory of properties. The original PPIP was...
They are going to keep throwing everything at the wall, until something sticks. From HW: In the wake of reform enacted to promote homeownership, analysts at the Center for Economic and Policy Research are saying that ownership may not be the smartest option. In a...
From Bloomberg: The housing market is showing progress two years after the credit crunch drove down home prices, though it’s too soon to “declare victory,” Housing and Urban Development Secretary Shaun Donovan said. “It is too early to certainly declare victory,”...
From sddt.com A housing shortage once the market fully recovers is one of the biggest concerns facing San Diego real estate, according to an economic forecast delivered to local agents by the chief economist at the National Association of Realtors (NAR) on Friday....
The psycho-babble was flying today. First it was McMillin talking the party line like an NAR booster in an article in the U-T, saying it is a great time to buy or sell. Then HW features more ivory-tower guys talking about the market, entitling the article: Homebuyer...
These types of stories drive me crazy - sellers will skim the headlines and get more over-confident: Aug. 9 (Bloomberg) -- The percentage of U.S. homeowners who owe more than their properties are worth declined in the second quarter as tax credits boosted prices in...
Hat tip to Susie for sending along this article from TIME/CNN, full of classics: "The whole market has slowed down anywhere from 30% to 40% across the country," Not in San Diego, where we've seen YOY and MOM sales be virtually unchanged. "If you are trying to be an...
From the U-T: San Diego County’s home prices rose 7 percent in May from the previous year, the second highest year-over-year increase in the country, according to the real estate website zillow.com. Nationwide, home prices dropped 3.8 percent in the same time period....
Thornberg hasn't been a big cheerleader, so this report is curious - from the U-T: County home prices, which began to recover last year, will continue rising but at a slowing pace as government stimulus programs expire, Beacon Economics forecasters predicted Friday....
