Real Estate News You Don't See on the News - from The Cutting Edge July 14, 2009
Your Comments, please:
I decided to try out a new and more useful format for this week's Real Estate News Recap. Let me know what you think. I started the week in the old format and changed on Staurday. Your input is welcome.
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The week's real estate posts of interest from The Cutting Edge.
NEW FORMAT:
14 JUL 09
"Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years ... Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans" - This is rather troubling...
13 JUL 09
"It is getting so old! to think of the many times we have to hold other agents' hands through a real estate transaction just because we want to do the best for our clients who need deals to work out. We totally understand that the real estate market is tougher than it has ever been and we expect deals to be more difficult, but how many agents are out there that are clueless about their job?"
"To the linkbuilders out there, please just do us all a favor and stop these SPAMMY tactics - you're benefitting no one and damaging your clients' reputations in the process........"
"If you have a new home, check out the drywall that it was built with. As we have reported before, there have been some serious problems with Chinese drywall that are making families sick. ........"
"Last Friday Freddie Mac updated their appraisal guidelines and clarified that the appraiser is not required to use distressed sales (REOs, short sales)"....
"One thing is true about housing, it is a very inefficient market - and it shows momentum. And in fact, when the rate of decline slows that is evidence that the rate of decline will continue to slow because there has been a second derivative effect that is actually in the data historically." Robert Shiller, July 13, 2009
".......The foreclosure, however, failed to go through after the California-based lender decided it didn't want the gutted house. Lass said he found out for certain that he still owned it from the Journal Sentinel.......".
12 JUL 09
BloodhoundBlog.com | What drives your fear of flying solo?
"In my endless quest to dispel the many myths surrounding what it takes to thrive as an independent broker, I've compiled a list of the top ten ways agents deceive themselves into thinking that they can't - or shouldn't - set up shop on their own."
"When landlord Elaine Stenson couldn't get her tenants to pay their rent for months and ignored legal notices to vacate the premises, she decided on a very old (medieval, actually) technique: public shaming........"
OLD FORMAT:
How to be Transparent Without Showing Your Chest Hair | Real Estate Opinion MAG - AgentGenius - http://agentgenius.com/real-es... - Saturday
Calculated Risk: Sacramento: 70 Percent Distressed Sales in June - http://www.calculatedriskblog.com/2009... - Saturday
Demand for FHA, VA mortgages at 19-year high - MarketWatch - http://www.marketwatch.com/story... - Saturday
Hilarious Comments Overheard in Real Estate | - AgentGenius - http://agentgenius.com/real-es... - Friday - Some pretty funny stuff. (edit | delete)
Impact of the HVCC | Real Estate Opinion MAG - AgentGenius - http://agentgenius.com/g-rants... Friday
From the Idiot Files: Use an Electronic Lockbox! - The Phoenix Real Estate Guy - http://www.phoenixrealestateguy.com/from-th... - Thursday
Tales From the Dark Side #1 | Rain City Guide - http://www.raincityguide.com/2009... Thursday
10 Mistakes Homeowners Make in Selling Their Home - http://activerain.com/blogsvi... Thursday
Got a Facebook Page? Here's a new way to get the word out | Joe Spake's Weblog - http://joespakeblog.com/2009... July 9 -Cool new widget to promote your FB page
Sellers Market, Buyers Market or ..............Lenders Market? via ActiveRain - http://activerain.com/blogsvi... July 9
Duct tape and real estate | Real Estate and Technology News for Agents, Brokers and Investors | Inman News - http://www.inman.com/news... July 9
Calculated Risk: FBI: U.S. Mortgage Fraud "Rampant" and "Escalating" - http://www.calculatedriskblog.com/2009... July 8
Lenders Buried Under Load of Mortgage Re-Works : The Real Estate Bloggers - http://www.therealestatebloggers.com/2009... July 8
Living with the HVCC | Real Estate Opinion MAG - AgentGenius - http://agentgenius.com/g-rants... July 8 - Important post for Realtors and lenders alike. Misconceptions about HVCC are monkey-wrenching the real estate business and disappointing consumers.
Calculated Risk: Apartment Vacancy Rate at 22 Year High - http://www.calculatedriskblog.com/2009... July 8 - Does this mean everyone is moving back in with their parents?
Secrets of Recruiting Gen Y - http://www.jonathannicholas.com/2009... July 8
Capital One buys Downtown's Horizon Project - http://memphisrealestatebuzz.com/2009... July 8
Cost vs. Value: Two Ways You Can Make It Better : Speaking of Real Estate - http://speakingofrealestate.bl... July 8
Secrets of Recruiting Gen Y - http://www.jonathannicholas.com/2009... July 8
The Resounding ‘Pop!' Echoes Across The Nation - http://thehousingbubbleblog.com/...July 7
About My Professional Photo- Dear Ginny, WTH? | Real Estate Opinion MAG - AgentGenius - http://agentgenius.com/g-rants... July 7 - Is your professional photo the place for your pet, laptop, mobile phone, or kids?
Using Real Estate Social Media to Broaden Community Non-Profit Efforts | Real Estate Opinion MAG - AgentGenius - http://agentgenius.com/g-rants... July 7
Consumer loan delinquencies rise to record high - Memphis Business Journal: - http://www.bizjournals.com/memphis... July 7
Calculated Risk: More Evidence of the "Foreclosure Backlog" - http://www.calculatedriskblog.com/2009... July 7
Memphis Area Real Estate Sales - May, 2009 - http://memphisrealestatebuzz.com/2009... July 7 from Memphis Real Estate Buzz
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