Jason's Blog

This article paints a very ugly picture pitting the ultra-rich against the almost-homeless. Apparently some hedge funds are attacking banks for trying to help defaulting homeowners stay in their homes. Here's my novice approach at explaining this. The hedge funds are anticipating a certain level ...

Tuscano at Suncoast Crossings in beautiful Tampa, Florida is having a weekend open house on June 2-3. Tuscano has created wonderful award winning condos in a beautiful setting with amenities galore! These condos are being offered with the Payment Assistance Program(TM) through CheapHousePayments....

News about Canada's economy might not be too exciting, but here's what today's Bloomberg article reported: "Canadian growth surpassed that of the U.S. economy for the first time since the fourth quarter of 2005."Why? You guessed it...the housing slump (as one of several factors). As reported, "Th...

Freddie Mac's rate report shows that rates have gone up sharply...the largest one week move in at least the last 18 months. So for a struggling market with fewer qualified buyers (thanks to the subprime meltdown) and very high levels of inventory, this can't be good...Where's the bright side? I k...

If you're interested in the housing market (aka "slump"), you should watch this video. The prediction from David Seiders of the National Association of Home Builders is that the home construction bust may last until 2011!Here's the link: http://player.clipsyndicate.com/main/player?playlist_id=156...

Not long ago, experts and pundits were suggesting that the subprime meltdown was contained. It's now widely accepted that the subprime meltdown has reduced the number of qualified and/or potential buyers, which means fewer sales. While this isn't the sole cause of the stalled housing market, it's...

Today's housing news courtesy of Reuters is that analysts are assuming that the housing slump will last for another year and a half. This, of course, may or may not be true. The assumption is for the purpose of evaluating debt ratings, so perhaps a pessimistic attitude is necessary. However, the ...

"High house prices and rising interest rates put the brakes on demand for mortgages from Britain's high-street banks, according to figures released today."Sometimes it's interesting to consider that we're not in a bubble (and I don't mean a "price" bubble). The subprime meltdown has affected the ...

It's safe to say, heading into the weekend, that the housing and mortgage markets are still in disarray. As reported by Reuters, mortgage apps are up. Good news, right? Not so fast...the news comes with this caveat: "borrowers are having a tougher time getting mortgages and lenders have tightened...

Two interesting stats were reported yesterday and today regarding new home sales and existing home sales.  For new home sales, numbers jumped by 16.2 percent...but prices dropped significantly.  For existing home sales, the numbers fell by 2.6 percent last month AND prices fell by .08 percent fro...