Jul 04
The good news: The number of people facing foreclosure is nearly flat from a year ago. A third fewer people are receiving legal warnings that they could lose their homes. And foreclosures are receding in some of the hardest-hit cities. Ooops: But not in the Seattle area. Seattle bucked the national trend, with foreclosure filings in …
Jul 03
The scene unsettles some. Yet, as one analyst says, these are unique times. Yes, very, very unique times… Perhaps the best way to describe it is: The Wild West Rises Again. Look closely and you’ll see investors avidly searching for gold in the wreckage of the mortgage crisis and riding high astride those wild west horses. Some …
Jul 03
The good news is that nearly 600,000 private-sector jobs have emerged the first half of this year. The bad news is that job growth is a sloooow process. The worst news is that almost half of the currently unemployed (45.5%) have been without a job for six months or more. The GREAT DEPRESSION, which according to economists …
Jun 27
… That is, without the benefit of the $8000 Homebuyer Tax Credit? According to Harvard’s Joint Center for Housing Studies latest report, the prognosis is doubtful at best. Why? Because the key to a housing market recovery is jobs, jobs, and more jobs… and, national employment growth remains tepid at best. For those Americans with jobs, we …
Jun 25
The quest for a ‘house-perfect’ is on! The reality of today’s real estate market is a total flip-flop of roles from those boom years of competing bids and buyers wooing sellers. The New York Times reports that these ‘post-boom days’ more commonly see “…buyers, who must have learned their moves from the World Wrestling Federation, …coldly seeking the absolute …
