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buying real estate: Will speculators prevent a housing recovery? - 01/27/09 01:37 PM
Kathleen M. Howley wrote an interesting article recently. Check it out on Bloomberg.com. Howley's thesis, built in large part upon interviews with Nobel laureate economist Joseph Stiglitz and co-creator of the widely used S&P/Case Shiller real estate price index Robert Shiller, submits that speculators are largely to blame for the current housing recession and these same flippers/professional investors will keep prices down for some time to come.
How did this happen? Flippers bought more than they could afford thanks to no-documentation loans and other risky mortgage products during the housing market bubble in the late 1990s and early 2000s. When many … (2 comments)
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buying real estate: 2009 home buying trends? - 01/08/09 10:38 AM
For an interesting read and one broker’s opinion about home buyers this year, head over to REALTYTIMES®. Author Mark Nash, a real estate practitioner in the Chicago area, has done a concise job summarizing what is in and out for home buyers. According to his bio on the site, Nash has been doing his year-end “What’s in, what’s out for homebuyers” series for some years and has been featured on television and in print.
One of the ‘what’s in’ headlines surprises me and I’m not entirely confident it applies to the majority of real estate agents. The headline: Real estate agents … (0 comments)
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buying real estate: Update: President-Elect of National Association of Exclusive Buyer Agents (NAEBA): Benjamin Clark - 11/06/08 03:33 PM
Ben Clark will be leading NAEBA in 2009 2010 (see Ben's comment below). If you are unaware, all members of NAEBA work exclusively on behalf of real estate buyers. I encourage you to help me welcome Ben to the role of President of this organization, and take a moment to read some of his salient thoughts about our side of the industry.
P.S. Ben, we are looking forward to hearing your ideas about the direction of NAEBA and what you plan to accomplish as President over the next year.
If you are interested in learning more about the concept of Exlusive … (4 comments)
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buying real estate: Bearded Ben Bernanke brings banks billions - 10/08/08 12:33 PM
The Federal Reserve opened its coffers once again in an effort to abate the current credit crisis, at least in this country. One of the big current problems involves banks and other companies refusing to lend each other short-term money, often referred to as commercial paper.
The major problem involves lack of trust between companies. Company A refuses to lend to Company B because they are unsure of the value of assets or collateral Company B will put up for the loan. This complicated part of everyday business has been boiled down to a simple example, but this is part of … (1 comments)
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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR
Ipswich,
MA
More about me…
Buyer's Choice Realty
Address: 162 Main Street, Wenham, MA, 01984
Office Phone: (800) 252-8937
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