Housing market is just right

>Homebuyers have cause to be nervous: during the crisis of 2008 and 2009 prices fell by 60% in some places. Yet since then America has bounced back remarkably. Median property prices in the north-east are well above previous highs, having risen by 51% between 2009 and 2013. Prices in the Midwest and South pipped previousContinue reading “Housing market is just right”

Housing not leading the economy

Investment in residential property remains a smaller share of the overall economy than at any time since World War II Sales of new single-family homes in March plummeted 14.5% to a seasonally adjusted annual rate of 384,000, hitting the lowest level since July 2013, the U.S. Census Bureau reported Wednesday.The March drop in new homeContinue reading “Housing not leading the economy”

Real Estate is Number One Investment According to Americans

Once again, Americans favor Real Estate investments over all others according to Gallup’s April 3-6 Economy and Personal Finances poll that asked Americans to choose the best option for long-term investments: real estate, stocks and mutual funds, gold, savings accounts and CDs, or bonds. Prior to 2011, Gallup asked the same question, but did notContinue reading “Real Estate is Number One Investment According to Americans”

OC pocket listing violations decrease

While the Multiple Listing Service is cracking down on off-market home sales, the number of pocket listings has decreased in recent months as demand slows and inventory climbs. We opine pocket listings have peaked. The move targets “pocket listings,” in which real estate agents quietly market properties to a select group of brokers before listingContinue reading “OC pocket listing violations decrease”

OC housing in a good groove

The housing market appears to have recovered from the depth of its decline. Toll Brothers (TOL) reported a whopping 46% jump in its latest earnings report and Home Depot’s (HD) earnings soared 18%. Today the National Association of Realtors reported that April existing home sales surged to their highest level in more than three years.Continue reading “OC housing in a good groove”

The end of the foreclosure era

Foreclosures are so over. No more “show me the note”. Enough of the “MERS can’t do that”. I won’t miss securitization audits. Never again file a skeleton bankruptcy the day before the foreclosure auction. Mortgage litigation is permanently out of style. The Boston Herald stated, In 1974, nearly 30 years after Japan surrendered to theContinue reading “The end of the foreclosure era”