bubble: OTTAWA TIGHTENS MORTGAGE RULES TO AVOID BUBBLE - 07/22/08 04:12 PM
The mortgage industry is cracking down, in a move that could help protect against a U.S.-style housing bubble, but will also make it tougher to borrow money to buy a home.
The Finance Department said Wednesday it will stop backing mortgages with amortization periods longer than 35 years as of Oct. 15.
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bubble: States are facing flat or even declining revenues - 06/30/08 03:38 PM
I kind of figured this would happen. This is just a quick link to keep everyone updated on real estate news.
The Next Victim of the Real Estate Crisis
As the economy stalls, state and local governments will see less tax revenue roll in. Get ready for cuts in
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bubble: local markets buck the downward trend - 06/24/08 04:47 PM
Here's an interesting post over on the Boston Real Estate Now blog on boston.com
http://www.boston.com/realestate/news/blogs/renow/2008/06/prices_still_up_1.html
Depending on your view you may find the emotional comments from consumers entertaining or depressing.
I'm not an agent and don't claim to fully understand the numbers but it seems like an example of what the Massachusetts Association of REALTORS
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bubble: A Blast from the Past - There is no Housing Bubble! - 06/11/08 09:36 PM
Here is a little tidbit from the past. This was published in June of 2005 and Deloitte Research declared that there was no housing bubble ...
Housing Bubble; Home Price Data Suggests Otherwise, Says Deloitte
Housing Bubble? Home Price Data Suggests Otherwise, Says Deloitte
Deloitte Research Leading Index of Consumer Spending.
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bubble: Mortgage Applications Rise - 06/11/08 07:06 AM
Well, it looks like maybe this may be the beginning of the end to the bubble busting party. Mortgage applications rose this week for the first time in three weeks. Along with pending home sales up about 7 percent in April I believe is a sign that buyers who have been
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bubble: Realtor’s Down Market Survival Kit Tool #5 “Global Markets”: Get Off Your Local Porch and Think Globally - 06/09/08 11:04 AM
In 2007 the idea that offshore investors would rush in to help prop up the US real estate market was a popular theory amongst many who follow the industry. The following article was published in November and it highlights one of the best tools to familiarize yourself with the European real
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bubble: Are Current Oil Prices A Bubble? Will Oil Prices Retreat? - 06/07/08 11:25 PM
There are some smart people out there speculating that oil will retreat and we'll all enjoy a long period of affordable gas.
There are a whole bunch of other people projecting doom and gloom. "Those Chinese and Indian people are enjoying booming economies and are now all trading in their bikes
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bubble: Did Your Buyers Say They Were Camping This Weekend? - 05/18/08 08:37 AM
Camping out for chance to buy a home?
Builder, buyers stunned at response for homes in northeast Mesa
Kerry Fehr-Snyder - May. 17, 2008 12:00 AMThe Arizona Republic
"...Blandford is building 1,200 homes in the next six years ranging from $239,950 to $790,950. Introductory prices range from the affordable low-end for
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bubble: There Are Two Sides to Every Story - And I Listen to All Three - 05/17/08 11:27 AM
'Tis the season for picnics, and parties. So, when an acquaintenance wants to make small talk about the housing market, what is your truth? I try to keep up with all sides of any news on the housing market, and form my own thoughts. It makes for a real conversation about the real estate market, not just a
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bubble: A bit of good news - 05/15/08 11:21 AM
At times, it's easy to get broadsided by all of the negative news in the real estate industry. Increasing foreclosures, homeowners under water, home prices falling: everything points to an industry in free-fall.
Well, not everything.
One of the obvious effects of plummeting home prices is that houses are becoming more
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bubble: Phoenix Real Estate Blog: Are we there yet? - 05/14/08 11:45 PM
It’s the scourge of the family car vacation: the nasally voice coming from the back seat, waaaaaaaayyyy too often, asking “Are we there yet?” And you’ve only rounded the corner out of your neighborhood. It’s going to be a long drive. . .
I feel like that now, only it’s all
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bubble: Are you New in the Real Estate Business in this Tough Market. - 05/14/08 08:15 PM
This is my second time using a response to someone else's (Ken Tracy's) Blog as my own post.
If you can make it now you'll make it any time!
It is much harder to start in an easy market and go into a difficult market, than to start in a
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bubble: Richmond, VA....fertile ground, folks! And stuff, of course..... - 05/08/08 11:00 PM
The BEST thing about living in/around/near Richmond, VA is that it is so very self-sufficient. Very little of the huge ups and downs have we seen here...while the Nation was struggling, Richmond real estate was UP 3%. While forclosures abounded elswhere, Richmond stayed strong! We're relatively insulated from the huge ups
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bubble: Housing Crisis Over? - 05/07/08 01:48 PM
The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming
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bubble: Bad real estate market? I ask the question...For whom? - 05/05/08 09:13 AM
We are in the midst of a very unusual (to say the least) real estate market. Everyone always asks us, "When it is going to get better?" My knee jerk response would be, "We all know that no one can predict the future. However, economic indicators say that this could possibly continue for another 6 months
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bubble: Tulips & Mortgages: Centuries apart, and yet eerily similar - 04/19/08 10:12 PM
From time to time, an asset, or a class of assets, will become so popular among investors that its value will grow to exceed the inherent value of the asset. This event is referred to as a financial bubble, as it is perceived that values become over-inflated, and must eventually deflate.
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bubble: Once Upon A Time: The Story of the Housing Bust, Subprime Meltdown, and Credit Crunch - 04/11/08 12:56 AM
I know I’m a little late to the game, here, but I’ve been meaning to write a post about a great article in the New York Times for a while now. It’s from March 19, but it’s so good I’m going to write about it here anyway. So the article
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bubble: Benefits of Buying Real Estate in a Down Market - 03/31/08 10:16 PM
During an up market everyone is rushing into the real estate market and during a down market everyone is running scared. But if we remember markets go up and down. And generally in 10 years people that bought during a down market frequently are happier with the appreciation on their
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bubble: Top 5 Reasons to Keep Smiling...Realtors : ) - 03/31/08 09:42 PM
First and foremost I would like to acknowledge all of my fellow realtors out there. Day in and day out you do what is necessary to make strides towards the betterment of yourself, your families, your clients and your peers. You stay motivated (or at least you act like it) most the time
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bubble: Housing Bubble... What's the trouble? (video) - 03/11/08 11:33 AM
Pretty good explanation about some of the things that happened to create our current market.
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bubble: Responsible Journalism - The Greatest Oxymoron of All Times - 03/08/08 10:20 AM
I was ridiculed by a band of buffoons when I dared insinuate the media caused the majority of the problem in the mortgage and housing market. That was last year when I said in a video tape that prior to September or 2006 there was"no mortgage crisis" and that the crisis
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bubble: Fannie Changes Rules - 03/05/08 10:05 AM
News Flash Fannie Mae says appraisers are not to be induced or threatened to inflate appraisals by banks or lenders. Shocker! Never thought that Fannie Mae had to come out and actually tell banks and lenders that "You really shouldn't threaten appraisers with pulling business if they give you a low
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bubble: Orange County Foreclosure and Short Sale update - 02/26/08 04:31 PM
Is the foreclosure market as bad as reported? Foreclosures and short sales are a significant part of the current Orange County real estate market. Currently, they account for 32% of the active inventory. The flip side of that coin leaves 68% of non-distressed homeowners marketing their homes. But, that percentage
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bubble: Orange County Foreclosure and Short Sale update - 02/12/08 08:27 PM
The stimulus package will help our local market with increased demand; however, the market still has to digest the large number of foreclosures and short sales currently on the market and more to come. 29% of the current active inventory is either a foreclosure or a short sale, where a seller
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bubble: Myrtle Beach Real Estate Market - 02/08/08 01:28 PM
A lot of people ask me how the real estate market is and whats going on in Myrtle Beach. The market has suffered like most of the country but things are starting to turn around now in a big way. We have a lot of demand due to the baby boomer
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bubble: Orange County Foreclosure and Short Sale update - 01/26/08 08:05 PM
Even with the passing of the economic stimulus bill, we will not be out of the woods because we still have to digest the large number of foreclosures and short sales currently on the market, with more to come. 25.7% of the current active inventory is either a foreclosure or a
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bubble: Has the Bubble Burst? - 01/18/08 08:49 AM
The television is jumping with words of recession. President Bush today is scheduled to endorse his plan to stimulate the economy. Supposedly, the President wants $800 for a single person and $1600 for married couples along with tax breaks to be implemented right away to stave off more economical problems. Now, what
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bubble: Countrywide to go Bankrupt - 01/10/08 02:04 AM
Countrywide recently declared their third quarter results for 2007. And to say the least they did not look pretty. In addition to increases in deliquencies and foreclosures Countrywide declared a large loss, 1.2 billion dollars. This is pretty high when you consider the entire company is only worth 2.97 billion. At
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bubble: I Have Been Compared To A Holocaust Denier - 01/09/08 01:48 PM
Anonymously, of course. The email says, "I understand your desire to spin positive the effects of negative media and attacks on you personally from the blogosphere but that doesn't change the fact that your industry is in the crapper and the rest of the economy is rapidly eroding. We are racing
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bubble: Conspiracy Theories - Why The Government Tanked Real Estate - 12/30/07 01:45 PM
It's true, I read it on the Internet how the FHA, HUD, Fed and even "the White House" drew up a master plan and conspired with the media and Wall Street to abruptly terminate the rapid growth in real estate because the stock market needed those investments so the capital could
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bubble: Do You Resist Change or Embrace It? - 12/26/07 08:56 AM
Consider one of the best known and most often referred to little lizard called the chameleon. Most of us already know the chameleon from her most famous ability of changing colors and even patterns to match the environment. While as real estate agents our goal is to stand out the chameleon's
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bubble: Bubble video - 12/19/07 11:45 PM
Someone sent me a link to a neat video about "the bubble". Very amusing. No, not the real estate bubble. The other bubble -- the venture capital investment bubble. Or I should say the alleged investment bubble. While clearly there is a lot of enthusiasm for internet companies among investors, and
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bubble: Big Oil and Real Estate - 12/19/07 08:59 PM
An economic indicator that I consider occasionally is one from the Global Insight quarterly study on housing prices in America. Here’s an interesting tidbit from the most recent report: of the 330 markets surveyed, Houston is the most undervalued. The study uses many factors in determining the theoretical price equilibrium level for each
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bubble: No bubbles bursting here!! - 12/18/07 07:48 AM
Are you tired of hearing about the "bubble" that is about to burst? If so, come to Charlotte, NC where we are experiencing a healthy market and are ranked within the top 5 places in the country to relocate to. Why are we doing so well? Over the last few years
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bubble: Group Think and Real Estate - 12/17/07 08:07 AM
There was an interesting article in the Washington Post this morning, 12/17/07. Written by Shankar Vedantam, the article titled 'Bad Ideas Can Be Contagious,'discusses the phenomenon of 'group think' and how it affects the decisions we make. What I found most compelling about the article was the assertion that this phenomenon largely contributed
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bubble: Looking to take your company public? - 12/06/07 01:13 AM
We now have two new sources of financing that can help you or your clients create a shell for a company and take it public. We have our legal staff in place to handle all the legal work. All fees and expenses get paid out of proceeds. It becomes 100% financed
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bubble: To Bailout or Not To Bailout - 12/04/07 07:02 PM
During lunch today we had a very interesting conversation about the housing market. Here are some key observations: 1) In some areas on the country (Orange County, San Francisco, New York) the ability to purchase a home without some creative financing is next to impossible during this last run up in home
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bubble: Other Bubble News - 11/25/07 12:05 PM
According to an article in this weekend edition of the Wall Street Journal the number of homes in foreclosure that had reached a RESET date was less than 50% ... that means that many were foreclosing not because of an increase in payments but because they never should have been able
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bubble: Connecticut Market Reports - Norwalk - Fairfield County - August to November - 11/20/07 03:38 PM
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bubble: Relief for the Beleaguered Housing Market? - 11/12/07 01:41 PM
While the mainland housing market has been buffeted by the recent mortgage fiasco, home prices have held reasonably firm in Hawaii and are even going up in certain areas of the island of Oahu. Most of us who have lived in Hawaii for awhile have seen several "bubbles" in our market as a result of foreign
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bubble: Mr. Housing Bubble - 11/09/07 02:47 PM
I love this! I wish it was available on a t-shirt! I heard we are in a housing bubble, I AM NOT PARTICIPATING! I heard this might be the 5th busiest market nationwide in history and all the media sells is there doom and gloom. Rates i.e. money is cheap, listing are like a
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bubble: Dear Media: I Refuse To Go Quietly - 10/26/07 02:12 PM
Quite frankly friends I am not going to hush. I am not going to stop telling you that Clark Howard is a horse's ass when it comes to knowledge about real estate and mortgages. I am not going to cease beating the drum that global negativity on the part of the
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bubble: Look Who Is Buying - 10/21/07 02:15 AM
Not too long ago I posted a blog that did not get positive comments ... the blog basically said NAR should setup a fund to help with the sub-prime crisis ... just read an article that many of the top financial banks are pooling together their funds to purchase large quantities
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bubble: Eric P. Thompson,P.A., Realtor, Sarasota FL.- Opportunities exist in every market. Just open your eyes! - 10/18/07 12:05 PM
Opportunities exist in every market. Just open your eyes! The nineties through 2005 benefited sellers and the current market is benefiting buyers. There is no such thing as a "Real Estate Bubble". Bubbles are for bubble baths. Every market has cycles and different cycles benefit different people. The media wants to convince you
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bubble: Don't be victimized by the bubble hype - 10/08/07 07:39 AM
Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these "echo boomers" could mistakenly decide to put off the purchase
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bubble: Time To Take A New Look At How Interest Rates Adjust?? - 10/06/07 05:27 PM
First, let me get this out of the way. I'm am by no means an expert on interest rates (how and why they adjust), the fed, or anything of the sort. This is just an idea that I would like to throw out there and then maybe someone with the proper
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bubble: Myrtle Beach: Hot or Cold? - 10/02/07 10:40 AM
Unless you live under a rock, you've heard all of the bad news recently about the real estate 'bubble' and the mortgage market crisis from our friends in the national media. But, as they say, all real estate is local. Compared to 2005, there's no question that sales are down along
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bubble: NO BUBBLE IN TEXAS! - 10/01/07 09:40 PM
Finally we have some positve news in our area. Dallas is going to continue to increase in pricing for homes. I have been telling people this, and they look at me like I am crazy. I have been telling people to BUY now and reap the benefits later, when people realize
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bubble: Utah - Still a Good Deal - A Look at Salt Lake County's "Cycle" - 10/01/07 08:23 PM
Most real estate markets go through what are called "cycles." When the right market conditions align, home prices appreciate at a higher rate. If allowed to go un-checked, that same market will "bubble" meaning that the going prices have risen above what the rest of the market conditions can bear, and
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bubble: Gary Keller Rebuttal to Jim Kramer's "WORST TIME TO BUY" Comment - 10/01/07 02:29 PM
I usually don't repost what KW sends us in our E-mail, but I thought this was a great Story! I looked but could not find the video for the today show. Last week on the Today Show, during a segment on the national real estate market, CNBC's Jim Kramer uncompromisingly stated,
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bubble: Crazy Cramer - 10/01/07 07:21 AM
I had a buyer, who was in the middle of getting ready to sign a contract, see Jim Cramer's show and panic. Here is how I responded to her. I think it is important for all Realtors to take back and own the market data on their individual markets. Jim Cramer
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bubble: Prediction of More Houses Under $500k in Bellevue Coming True - 09/22/07 06:52 PM
Over six months ago I predicted that we will start seeing more homes in Bellevue available for sale for less than $500k. At that time, there were very few. The number of sub half million dollar houses in Belleve is indeed growing again. Today there are 48 SFR listed for sale
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bubble: Buyers Agents Must Be Patient - 09/17/07 06:57 PM
Buyers Agents Must Be Patient
I have shown many homes to many buyers looking to buy a home or condo in San Diego. In the hot markets it's usually a 1 day event or maybe 2 days before we have written an offer or multiple offers on homes that the buyers
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bubble: Silicon Valley (and any other area where employment's strong and new construction inventory is low) - 09/10/07 04:31 AM
I just wrote the following as a comment and thought it'd be good to bring this out to the rest of the community. Any feedback would be GREATLY appreciated. Especially anyone who disagrees! Have you ever seen Creekside's? http://www.creeksiderealty.com/market_update_new/market_index.htm Good stuff, especially the visuals given by the graphs! San Mateo County hits a new
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bubble: Bernanke Doesn't Have a Monopoly on Fed Decision-Making - 09/04/07 12:34 PM
About ten days ago, I read with great interest a post by a Florida real estate agent and member of AR who wrote a very convincing blog post which argued that new Federal Reserve Chairman Ben Bernanke will single-handedly rescue America from the "laxity" of the Greenspan era. And if you
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bubble: FHASecure: The Solution to Foreclosure? - 08/31/07 05:33 PM
President Bush today announced FHASecure, a new FHA refinance program designed to help trouble homeowners keep their homes. The new program should provide an option for at least some of those people headed into foreclosure due to interest rate resets and skyrocketing mortgage payments. Who will benefit? Hard to say
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bubble: Anchorage Market Update 8/30/2007 - 08/31/07 01:16 PM
Many of the top Keller Williams associates have just returned from an awesome training event, Mega Agent Camp, in Austin, Texas. The topics included, pricing listings to sell, the internet and it's effect on the market, and many more relevant topics to today's business environment. Keller Williams is starting to show
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bubble: “Check Your Appraisal” - 08/24/07 10:19 PM
….was the heading on yesterday’s email from Wells Fargo Wholesale. This is a heads-up to Realtors and home buyers… Fast Rewind In mid July, FannieMae issued Announcement 07–11, entitled Collateral Valuation Practices and Declining Markets. Here are several key points from the memo: FannieMae’s Desktop Underwriter (DU) Version 5.7 released July
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bubble: Possible Countrywide Bankruptcy Part 2: Bank of America to Invest 2 Billion dollars - 08/22/07 08:14 PM
Let's start off with a little back story. Countrywide spent the real estate boom times growing to be the largest mortgage company in the United States. They had very lax restrictions on who they gave loans to. Consequently now that people are worried about homeowners not paying their loans, investors have
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bubble: More Lenders Falter - 08/22/07 05:33 PM
Lehman Brothers announced today the closure of its sub-prime subsidiary BNC Mortgage. Lehman Brothers will continue to originate prime mortgages through its Aurora Loan Services platform but is discontinuing all sub-prime originations. More sad news from my rep at Accredited Mortgage yesterday afternoon: I’m sure you’ve all heard the news that we’ve
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bubble: Rental Market in full swing Can't Sell it Rent it! - 08/20/07 09:27 PM
The years of 2004-2006 were dreadful for the rental market. I witnessed a continuing decline in both the rental rates and the availability of qualified renters. We literally had section-8 tenants move out and buy a house. While that was great for them the fact that anyone with a pulse could
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bubble: Somebody Knows Something! - 08/13/07 02:12 PM
Our Market of Wildwood Crest, North Wildwood New Jersey has recently seen some big sales which brings to question, (in the light of all this Mortgage Mayhem) what do these buyers know that the large majority doesn't? There have been 2 sales (closings) over 1.5 million in the last two weeks and a
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bubble: "Which Way Is The Market Going?" - 08/11/07 03:54 PM
If there is any one question I receive from my clients on an on going basis it is "Which Way Is The Market Going?" Well here is my crystal ball view: Birth Rates and Spending Patterns Before we look at where the market is going let's look at how it got to where
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bubble: Self-Fulfilled Prophecy - 08/06/07 02:08 PM
"The market is crashing!" If I had a dollar for every time I heard that I would be richer than Bill Gates! Is the market really crashing? First off, I would like to say that this blog applies to Kansas where I sell real estate and am familiar with the market... Just this
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bubble: An interesting view of our current crisis. - 08/05/07 11:11 AM
http://www.informationclearinghouse.info/article18119.htm Some extremely candid views are pointed out in this research piece. It gives a fairly bleak outlook on the market, namely real estate. I guess my youthful optimism keeps me from accepting that this will affect my business. I have always tried to work harder than the next guy. The business
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bubble: If life gives you lemons you make lemonade - 08/01/07 08:07 AM
The idea for this post came to me last night while watching ESPN. As many sports fans know Barry Bonds is very close to tying and breaking Hank Aaron's MLB home run record. Most sports fans also know this is a very touchy and controversial subject for the MLB leadership. On
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bubble: "Just Walk Away..." He says - 07/31/07 09:03 AM
Why oh why do the masses think we are in a slump? People like this joker scare the crap out of our clientele and ruin what was a very good market. Where does this clown get his information? The actual housing numbers are far better than all these "experts" are claiming. What
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bubble: Housing is slouching towards recession, with Florida at its epicenter - 07/25/07 09:02 AM
Four of us who shoulder most of the work here at Florida Workforce Housing Network monitor about 100 newspapers and at least that many web sites, searching for news about affordable housing development in Florida. We don't catch all of it, but we catch much of it, and we've started a
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bubble: Bubble Proof Markets - 07/19/07 01:37 AM
I get asked the questions every couple of weeks about do I think there is a "Bubble" in Seattle. My answer has always been "no". We may have a slow down or an adjustment as prices keep rising" But I do not see a "Bubble" poping in Seattle anytime soon.
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bubble: Real Estate news site with great links about The Bubble - 07/11/07 12:51 AM
Even with the "slowing" or "adjusting" market we're facing on the Eastside, many people feel like the market is still very strong and refuse to see the warning signs - and how overvalued it is. Across the country, many markets have been hurting for some time and do believe there is indeed
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bubble: Agents-A HOT Topic? - 06/20/07 08:49 PM
Lock us up and throw away the key....well that's how seems to me! Real Estate,The Real Estate Market, The Boom, The Bubble.... these have been the subjects for Media coverage for some time now! Seller's Market, Buyers Market, For Sale By Owner, Foreclosures, Shoddy Lending...these are the Buzz Words of late! We as Realtors and NAR
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bubble: Economist expects U.S. home prices to fall 10% - 06/20/07 01:47 AM
A recent article at Inman News talks about the latest US economic forecast by David Shulman of the Anderson Forecast at UCLA. He predicts a 10 percent price decline in US housing prices that will likely last into 2009. I'm sure that some areas will be harder hit than others, but that
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bubble: Slowing, but definetly not down and out. - 06/15/07 02:45 PM
Recently it seems like you can't turn on the news or open a newspaper without hearing about the real estate bubble bursting, and the bottom falling out of real estate prices. Be careful about believing what you hear... things are alive and well here in Orange County. When looking at real estate,
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bubble: Clearwater Real estate: The REAL investment (not what you think) :-) - 06/09/07 07:13 AM
This is not another everybody knows article about the great advantages of buying real estate. Yes, it is a great buyer's market and yes, you can get the house in that street you always wanted and now it's even affordable! But I already told you about this. This month I want
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bubble: YouTube Video: "Housing Bubble vs. Great Depression?" - 06/04/07 11:52 AM
Editor's note: Specindex.com NOW SpecHomes.com SpecHomes.com is excited for you to join us at our new Spec Homes Blog A photo and video list of quotes pairing prognosticators from the Great Depression against experts from the current Housing Bubble. (This home-made video found on YouTube, although interesting, may not accurately depict the views of
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bubble: get in the driver's seat, we are going home: how to really understand this market and feel good about it - 06/03/07 02:54 PM
I had so many things to talk about in this issue, but I guess they will have to wait till next month because a lot of you continue to ask me what I really think of this real estate market and I have to answer that first. Let me tell you
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bubble: Real Estate is like a Pizza - 06/03/07 02:28 PM
I have to admit it: being a real estate agent in Florida is pretty good, seriously. It is not like being an agent in some remote area, where I would have to find another job. It is already 2007. In Clearwater is a wonderful warm tropical day. Fort Harrison Boulevard is peaceful.
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bubble: Information on Connecticut April 2006 to April 2007 Solds - 05/02/07 08:14 PM
Go to RuthmanRE.com or click on our logo. Click Here: SOLD Town Info APRIL SOLD - QUICK VIEW Single Residential - Reported to the Consolidated MLS April 30, 2007 April 2007*: 313 April 2006: 975 THE MORE OR LESS OF THINGS MORE HOUSES ON THE MARKET - LESS BUYERS PURCHASING BUYERS WANT MORE SELLERS WON'T EXCEPT LESS Today's
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bubble: Wenatchee and NCW Market Data - 04/24/07 04:38 PM
A banker friend called me about data for our local MLS. His bank, heraring all the press was concerned about what is happening East of the mountains. So here is the data I provided. Note it is through 4/24 and for the entire MLS if we carve out Wenatchee and Residential
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bubble: Channelside Investments - 04/09/07 07:06 PM
You already know, Channelside is an exciting place to visit. You can have an elegant dinner with your significant other or laid-back eats with the kids. You can follow up with a fun movie with your little people or a chick-flick to get the big people in the mood. You can
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bubble: WHY DOES THE MEDIA REPEAT THE SAME OLD STORY ? - 04/08/07 04:37 PM
Most people would say "It's to sell papers." Yet, one would think there is nothing truly important going on in the world to report. I love to listen to "media experts" on the topic of Real Estate. It just never ends. This obsession with "THE BUBBLE" . Sadly they put their money
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bubble: Bubble Update: A National and Local Perspective - 03/30/07 10:20 PM
In some parts of the nation, things don't look good for sellers. As sales of new homes slump and increasing numbers of existing homes are foreclosed on, housing inventory peaks and prices are driven downward. Things look better in my market area. New home sales are up from last year in the Bothell
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bubble: AUCTIONEERS PAY REALTORS FOR LISTING REFERRALS - 03/23/07 04:00 PM
A new group has been started on www.activerain.com to help agents earn money from auctions. REAL ESTATE AUCTION REFERRALS Did you know the way an auction referral works is to simply hand over the listing to a certified NAA auctioneer. You will get paid in 45 to 60 days on average and not do any
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bubble: Market News - 03/23/07 09:09 AM
Seems like all the news of late is about sub-prime. There has been a decided shift away from the infamous "bubble" I wonder where the sky will fall next? I am not sitting here with blinders but I do believe that each "major" story will fall into the "this too shall
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bubble: Bubble? - 03/22/07 06:57 PM
Have you heard about the Florida bubble? Maybe the better question is, are you tired of hearing about whether or not a bubble exists? The following two statements answer the first question. Only you can answer the second. You need to keep in mind; real estate is usually a long-term investment.
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bubble: Wells Fargo Slashes More Subprime Jobs, Heads for the Exits - 03/22/07 12:15 AM
This news hit yesterday in the Associated Press: Wells Fargo cuts 500 jobs in mortgage unit Tougher standards means bank will be handling fewer subprime loans Updated: 12:13 p.m. PT March 20, 2007 SAN FRANCISCO - Wells Fargo & Co. is eliminating more than 500 jobs in a division that
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bubble: 2007 Market Forecast - 03/19/07 10:23 PM
This is a reprint of part of an article I wrote for At Home Magazine's Special Edition For the Home Builder's Association 2007 Home & Garden Products Show. The bad news is...the economy in Bryan-College Station is slowing down, but for once this is a good thing. After the huge real estate
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bubble: Yes, Eastside real estate has a "bubble"! - 03/15/07 07:12 PM
By Greg Perry No denying it, we definitely have a bubble. The NWMLS stats absolutely prove it. We have a real estate agent bubble on the Eastside. Since February 28 of 2001 and February 28 and 2007 the agents ranks have swelled from 2,924 to 5,258....a staggering increase of 2,334 agents
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bubble: Who to listen to about "bubble" news? - 03/07/07 10:17 PM
Who are you going to listen to? I get so tired of hearing so called "experts" completely put their foot in their mouth. A financial forum that I am a member of has members that are wishing there would be a bubble "pop" just so they could say they were right
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bubble: Radar and ESP - 03/05/07 07:15 PM
This "radar" is not for your automobile. (I am sure we all drive the speed limit on the way to appointments.) It isn't something that HP, Dell or Microsoft advertises in real estate magazines. It doesn't cost much; maybe a little time and effort. But, the value is priceless to customers. The
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bubble: what is a sub prime mortgage - 03/05/07 12:04 AM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these loans remain a small part of the home lending industry, they've helped more people buy homes who previously couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005. By
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bubble: So,,,,,how's the market? - 02/26/07 05:38 PM
By Greg Perry One of my greatest sources of entertainment is to ask another real estate agent, or to overhear agents talk about the market. Some agents are "glass 1/2 full" people and will always portray a positive spin, while others can't wait for the bottom to drop to fulfill a
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bubble: Real Estate Happy Days are Here Again! - 02/21/07 09:28 AM
Real Estate Happy Days are Here Again! By John Occhi, Hemet CA REALTOR Real Estate, Hemet CA I recently received an email with an article that I found a fascinating read. It turns out that the article only gave credit to the author - but not letting me know where it
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bubble: Why Housing Hasn't Hit The Skids - 02/19/07 07:02 PM
This is a re-print of February 19, 2007 Businessweek. Why Housing Hasn't Hit The Skids Low rates are a major factor So this is the much-feared "housing bust"? Bust Lite is more like it. Existing-home prices are as high as they were a year ago, while sales have receded only to 2003
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bubble: Real Estate Myths Home Buyers Fall in Love With - 02/14/07 02:19 PM
Home buying is a very personal decision and people who are looking for a home often fall prey to conventional wisdom. But by challenging the reasoning behind some widely-held notions and remembering that your personal requirements are the key real estate decision process, you can gain more confidence in any decision
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bubble: NAR's Chief Economist is Taking a Beating - 02/14/07 08:29 AM
I learned about David Lereah, NAR's chief economist, during a recent class that I took. The instructor put him out as a really smart guy worth listening to. I had never heard of him so I decided to Google him and see what words of wisdom I might come across. I was
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bubble: Fortune's forecast for SoCal and Florida: The Housing Freeze Cometh... - 02/10/07 02:33 PM
I picked up a copy of Fortune Magazine's Investor's Guide 2007 this morning. In their article Getting Real About Real Estate, they discussed how the top 100 real estate markets in the country were likely to fare over the next two years. Moody's Economy.com and Fiserv Lending Solutions were on hand
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bubble: When Not to Buy a House - 02/06/07 09:54 PM
You've probably heard all the perks about buying a house and how it's the centerpiece of the American Dream. But the American Dream is less about possessing the house itself than the improvement you expect in your lifestyle when you own a home. There are times when buying a house isn't
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bubble: YouTube: Housing Bubble vs. Great Depression Video Link - 02/06/07 01:38 PM
HOUSING BUBBLE VS. GREAT DEPRESSION VIDEO An interesting montage of the creator's perspective on today's housing market and the historical Great Depression. "Video killed the radio star", so what will it do for real estate? Individualistic video perspectives on hot real estate issues are no longer the product of large companies. The free will of the people is being expressed are commercializing
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bubble: No "bubbles" exist downtown...just Bubble Gum! - 02/06/07 09:07 AM
Looks like the only bubble popped in Boston may be on the local newspapers face. Our pals over at Otis & Ahearn, Inc here in Boston supplied us with the YE data for 2006 (properly organized & broken down). This report is not only going to EMBARRASS THE PRESS (as
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