real estate market: Are We Entering a New Real Estate Market Downturn?
- 01/22/16 11:07 AM
The $64,000 question seems to be arising again..."Are we entering a new housing market downturn"? I had two occasions this week when the caller emphatically stated that another downturn is imminent and these are well informed industry experts. Many prognosticators believe that the next slump is set to begin. Many are unaware that the Dodd Frank Act not only permits sub-prime loans...it pretty much requires them. A client in Nashville, TN was advised by his mortgage broker that he can refinance his loan but the broker believes that he should wait because of a looming downturn. Naturally, when you do the same thing again … (7 comments)
real estate market: Encouraging Foreclosure Statistics Lead Real Estate Recovery
- 07/30/13 05:09 PM
There are some additional real estate recovery statistics that indicate more good news. In June of 2013 total foreclosure filings dropped to 127,790. This number is a 35 percent decrease as compared to 2012. It is also the lowest monthly total since December 2006!! CNN Money analysts have analyzed these numbers and CNN declared that “the long national foreclosure nightmare is nearing its end. RealtyTrac vice president Daren Blomquist is also echoing this positive position. Mr. Blomquist stated that “the housing market could be back to pre-mortgage meltdown levels before the end of the year”. Blomquist further observed that, “it … (0 comments)
real estate market: "FLIPPING" is on the Rise!!!!!!!!!
- 07/26/13 08:25 PM
I have never been a fan of the term, “flipping”. However, it has become a term of art so it is here to stay. Negative connotations have been associated with the term but there is nothing wrong with buying a home and selling it for a profit. The lenders and servicing agent are (presumably) smart folks and iof they agree to a price, then it is a fair deal!! According to RealtyTrac, house flipping is up 19% from a year ago, and a whopping 74% from the first half of 2011. That’s a great sign for the real estate markets, … (5 comments)
real estate market: Merry Christmas to All...
- 12/25/11 04:02 AM
I just returned from another business trip to Russia and I am more thankful for what we have than ever. There are times that I pine for simpler times - such as when I read that there were mass arrests during the release of the retro Air Jordan basketball shoes. As we begin to say good bye to 2011 and welcome in 2012, it is a time for reflection. We have a lot of challenges ahead but certainly we have a lot to be thankful for. The real estate market is uncertain but there will always be buyers and sellers... I … (5 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
The $64,000 question seems to be arising again..."Are we entering a new housing market downturn"? 
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