national real estate news: Today’s US Employment Numbers… separating the wheat from the chaff - 12/05/10 02:06 PM
It’s either worse, or better, so how do we know? (Lake Tahoe Real Estate Blog / December 3, 2010 / Richard Bolen)
This one comes with a surprise, especially since most all US economic indicators, which includes the jobs market, have been looking better lately.
Today’s report though, via the Associated Press, indicates the US unemployment rate went up two tenths of a point in November, from 9.6% to 9.8%. (30,000 jobs added in November instead of the expected 150,000 or so.)
According to the article, this is a surprising setback and a reminder that the economic recovery is proceeding more … (1 comments)
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national real estate news: The Short Sale Boogie! (Has a ring to it, huh?) - 06/25/10 04:19 PM
The opening line is "you put your left foreclosure in, you put your right foreclosure out, first you do a short sale, that's what it's all about!"
(Lake Tahoe Real Estate Blog / March 31, 2010 / Richard Bolen)
Ok, maybe the lyric is shamelessly taken from The Hokey Pokey melody, and it's not a new hit song yet. But it soon could be!
We've written about the increasing popularity and incidence of short sales before. Here's yet another article about them.
Some key bullet points found in yesterday's CNNMoney.com article:
Short sales are the hottest thing going in the … (0 comments)
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national real estate news: A Dublin Flat... Media Hysteria, Again... and South Lake Tahoe? - 04/26/08 08:35 PM
Apparently the sky is falling over there too, so says the media. (LAKE TAHOE REAL ESTATE BLOG) Well, what can we say, the media is doing it again. This time it’s us, America, that’s leading the global housing industry astray. (When we all know that all real estate is local, which means things are different here in South Lake Tahoe then they are elsewhere, it is interesting to think of housing as a global industry, though we think few actually do.)
The article this time is “Housing Woes in U.S. Spread Around Globe.” It’s by Mark Landler in the New York … (2 comments)
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national real estate news: Yesterday's article "Extraordinary Measures": Should a Writer about our Industry Hear from our Industry? - 03/11/08 01:41 PM
An article came out late yesterday that caught our attention. Big time. We think it is subject for much AR comment and debate.
This is one where we think a writer about our industry might appreciate hearing from our industry.
The article is on MarketWatch by Chris Pummer entitled: “Shades of Green - Extraordinary Measures - Here’s a surefire way for home sellers to get Buyer’s attention.”
Here are the main points in the article:Sellers need to sell their homes themselves, and list it on the MLS for a few hundred dollars.Sellers should offer the full 5% or 6% commission to the Buyers agent.Sellers … (54 comments)
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national real estate news: Does the media giant smell the blood of a... buyer? (Even though prices are better for them?) - 03/06/08 05:45 PM
Last week was a doozy. For two days it rained a torrent of national real estate news. All of it packaged as “bad”, it was a headline blitzkrieg mixed with fact, assumption, projection, hyperbole and sensationalism. Amid the barrage, there is good information, and a lot of exaggeration that does not apply to South Lake Tahoe. First here’s some of the headlines:
"Home prices post first yearly drop in 16 years" Case-Shiller pegs decline at 8.9% for 2007. "New-home sales fall despite record price cuts" Pace of sales is lowest in 13 years after 2.8% drop in January "Lip out-of-synching" Commentary: Nobody … (4 comments)
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national real estate news: General real estate news rarely applies to a Second-Home Resort Market. - 02/28/08 01:34 PM
(LAKE TAHOE REAL ESTATE BLOG) I want very much to thank one of the people who attended our real estate seminar at Lake Tahoe Community College last Saturday for inspiring this post. Lets call her “Maggie”, and she had an excellent question about a recent article having to do with the national housing market.
The article is about housing values in general, and in California and Florida in particular. The name of it is “Homes in Bubble Regions Remain Wildly Overvalued.” It was published by Brett Arends on February 12, 2008. To us, the main thing about this article is the assumptions … (4 comments)
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