Jesus (Jesse)'s Blog

Regardless of your opinions on the necessity of the bank bailouts aka TARP, let us all agree they haven't worked. I am not sure any other industry knows this better than ours, the default industry because, we still see the direct effects of frozen credit markets, the shadow inventory and bank fai...

1. Unemployment: Until people have the income to afford their mortgages, we will not see a recovery in the housing market. I believe a direct correlation exist between unemployment and mortgage defaults, the higher unemployment gets the more defaults we will see. This ultimately leads to more inv...

Hermitage Tennessee Housing Statistic Report January 10, 2010 For December 1 - 31, 2009     Closed  35 Properties Found    Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market MIN 1,124 3 1 0 $57,900 $55,000 0 AVG 2,157 3.43 2.09 0.6 $192,503 $187,956 68 MEDIAN 2,025 3...