Guy Adams's (guyadams) Blog

One of the most common questions form home owners is "When is the right time of the year to sell?" Is there one time of the year that is better than another?The first answer is that there are more buyers looking in the spring and summer, especially in the northern states where cold weather and sn...

I'll never understand the mentality on which Capitol Hill lawmakers work. I mean, I "understand" it, but I just don't "get" it. How can representatives whom we elect to do our bidding, to speak for us and look out for our best interests, turn around and leverage the needs of some people in a call...

    Whether you are a first-time/repeat home buyer or an investor, a short sale can be a great option for you and knowing about the short sale process can help make it a successful experience. The major differences between a short sale and a regular home purchase transaction is that short sales w...

The number of applications for mortgages to purchase homes continued to decrease last week, down 3.3 percent compared to the previous week on an adjusted basis, according to the Mortgage Bankers Association weekly survey. On an unadjusted basis, the purchase index declined 3.8 percent and was do...

House Approves Tax Credit Extension The U.S. House on Tuesday agreed to give home buyers until Sept. 30 to close on eligible properties and still qualify for the home buyer tax credits. The current deadline requires buyers to close by June 30 in order to qualify. The Senate must still approve the...

Online foreclosure marketplace RealtyTrac reported today that homes in foreclosures accounted for 31 percent of the residential sales in the first quarter of 2010. The average sales price of these properties was nearly 27 percent below the average sales price of properties not in foreclosure. Re...

  With dropping home prices, record-low mortgage rates and special offers, buyers who missed out on the $8,000 federal tax credit are coming out further ahead   House hunter Karen Kosnikowski gets good news from real-estate agent Terry Penrod. Prices are dropping on several homes she has seen.  H...

Economic forecasters appear to be split on the outlook for residential real estate values. The news this week regarding new- and-used home sales in May seems to support the views of bears like Dean Baker, co-director of the Center for Economic and Policy Research. Baker projects that home prices...

Important Changes to Mortgage Underwriting Could Affect Many Buyers By Jim Dinkel and Ken Trepeta The real estate industry and especially the mortgage industry have been overwhelmed with changes, regulations and consolidations recently. In the last couple of months, many transactions nationally h...

At a recent meeting of the Urban Land Institute of Minnesota, Senior Fellow John McIlwain said "a new normal" will be created in the housing market over the next 10 years, and he marked the end of "the suburban century." He noted that markets offering "a vibrant 24/7 lifestyle" will see the most...