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Housing by Charles Feldman | October 20, 2006Home sales going down; foreclosures going up. Sounds like a bad airplane flight, doesn’t it? Pretty bumpy going. But, this all leads to two key questions, says MarketWatch’s “Real Estate Weekly.”– For mortgage lenders, how much risk should they take on? For buyers, how far should they reasonably stretch their economic resources in order to [...]
Foreclosures by Joshua Dorkin | October 3, 2006It looks like pending foreclosures from adjustable rate mortgages are affecting lower income people more then the rich, explains Al Tompkins at Poynter Online. Tompkins looks at recent stories in the St. Petersburg Times (Florida) and Winston-Salem Journal (N.C.) which illustrate this quite clearly. Black homeownership is falling in Louisville, Kentucky according the the US [...]
Housing by Joshua Dorkin | October 2, 2006Pending home sales data for August was just released by the National Association of Realtors. According to the Pending Home Sales Index, “contracts signed in August, rose 4.3 percent to a level of 110.1 from a reading of 105.6 in July, but is 14.1 percent lower than August 2005.” David Lereah, chief economist of the [...]
Cool Stuff by Joshua Dorkin | September 30, 2006I have to admit it when someone comes up with a brilliant idea, and I just read about someone who definitely did that! John Keith of the Boston Real Estate Blog put me on to a story in the New York Times about a graduate student named Julie Hampton, who bought an Italian villa using [...]
Economy by Joshua Dorkin | September 29, 2006Although the stock market’s Dow Industrials has flirted with an all-time-high for the past several days, and oil has maintained its decline, the housing market continues to look weak. Here are a few highlights from Today’s MarketWatch report: – “Banc of America Securities said Friday it expects pending home sales to decline between 3% and [...]
Housing by Joshua Dorkin | September 25, 2006The National Association of Realtors today reported that the median home price in the US fell in August to $225,000 down 1.7% from August of 2005. This is the first time a year over year decline in median home prices has occured since April 1995. According to The New York Times: “David Lereah, chief economist [...]
Real Estate Resources by Joshua Dorkin | September 20, 2006Starting today, Zillow is allowing its users to get their say in what homes are worth by allowing them to enter their own price estimates alongside the site’s proprietary Zestimates. Apparently the move was in response to feedback from the users of the site. I’ve heard much debate about the accuracy of the Zestimates, both [...]
Cool Stuff by Joshua Dorkin | August 16, 2006We at BiggerPockets.com are excited to announce that we’ve joined forces with Zillow.com in an effort to continue to bring helpful tools and resources to the real estate community. Today we are launching a new tool Powered by Zillow, to help users determine the value of their Property as well as find comparable home prices. [...]
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