housing recovery: The Politics Of Housing Recovery
- 10/19/11 07:47 AM
It seems that while everybody is putting forward ideas for a plan to “fix housing,” not much is being done. Considering that several proposals have come from the Republican side of the aisle, it shouldn’t be considered an election-year football. The latest, presented as a congressional bill Oct. 5 by Sen. Johnny Isakson and Rep. Tom Graves, would create a waiver for the IRS penalty for withdrawing 401(k) savings to pay down delinquent loan amounts in a pending foreclosure. As with all the other plans or ideas put forward in the last two years, this one has its positives and negatives. My fear, … (5 comments)
housing recovery: The Spectre of "Shadow Inventory" Hovers Over Housing...
- 10/06/09 01:47 PM
One of the buzzwords crisscrossing the business internet this year is "Shadow Inventory". I'd like to take the opportunity to explain what this is and how its going to affect you as a real estate pro or homeowner in the coming year. Actually there are two definitions of Shadow Inventory being used today - but don't let that be confusing. Here they are: 1) The amount of homeowners who are likely to put their homes on the market once they perceive that things are sufficiently improved so that their property will sell in a reasonable time for a reasonable price. 2) … (14 comments)
housing recovery: Unemployment in Lancaster County Vs. Pennsylvania & The US
- 09/29/09 07:14 AM
I thought this review of unemployment in Lancaster, the state and nationally would be timely given my upcoming set of articles on the state of home sales and the real estate market outlook. Here's a chart showing the historical trends:
You'll notice right away that the Pennsylvania unemployment rate very closely tracks with the national unemployment rate. In 2009 you can see that the national rate is leaping up & away as other states (such as Nevada and Michigan) jump into the middle teen rates for unemployment. Lancaster County has historically tracked about two percentage points below the state … (8 comments)
housing recovery: Jim Gillespie Was A Guest On CNBC Friday - He's Our Boss, By The Way...
- 03/23/09 08:44 AM
Jim Gillespie, president and CEO of Coldwell Banker Real Estate LLC, participated in a discussion about the state of the housing market live from the New York Stock Exchange on CNBC last friday. Mr. Gillespie participated on the "Roadmap to Rebound" segment hosted by Maria Bartiromo. Yale economist Dr. Robert Schiller and Sanjiy Das, CEO of CitiMortgage, also participated. Here's the conversation, which I thought was very enlightening: Jim called upon government leaders to enact a $15,000 non-refundable tax credit to ALL buyers and also a mortgage buy down that would bring rates to the 4-4.5% range which NAR reports could … (0 comments)
It seems that while everybody is putting forward ideas for a plan to “fix housing,” not much is being done. Considering that several proposals have come from the Republican side of the aisle, it shouldn’t be considered an election-year football. The latest, presented as a congressional bill Oct. 5 by Sen. Johnny Isakson and Rep. Tom Graves, would create a waiver for the IRS penalty for withdrawing 401(k) savings to pay down delinquent loan amounts in a pending foreclosure. As with all the other plans or ideas put forward in the last two years, this one has its positives and negatives. My fear, … (5 comments)
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