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Category Archives: The Real Estate Market
“Sidelined” home sellers another source of potential housing inventory
“Sidelined” home sellers, those who are waiting for the market to improve, are another source of potential housing inventory. Many of these potential home sellers have been waiting 3 years to sell their homes. Some of them can no longer … Continue reading
Optimistic headlines say New Homes Sales are Up!
And, new home sales are up, from last month’s record breaking drop and the lowest level ever recorded. What other direction did they have to go? Yes, new home sales jumped 23.6% in June according to the National Association of … Continue reading
After Fixing Finance, Feds to focus on Housing
Responding to the collapse in home prices and the glut of foreclosures, the Obama administration is preparing an overhaul of government that could diverge from the emphasis on home ownership that has been the previous focus of government policy. Almost … Continue reading
Meridian Group meltdown possible Madhoff of Seattle?
Investor lawsuits, motions for restraining orders and forced Chapter 11 bankruptcy are all part of the drama and allegations surrounding the Meridian Group, and its owner Darren Berg in Seattle. The Meridian Group had secured over $145 million from investors … Continue reading
Posted in General Interest, The Real Estate Market
Tagged Finance, Market Risk, mortgages, Real Estate Market
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Housing Activity at Lowest Levels in modern history
New housing starts have dropped to the lowest level since World War II according to Ivy Zelman’s analysis of the latest Commerce Department data. The biggest concern is how little wall street, the federal government and the market experts seem … Continue reading
Posted in General Interest, The Real Estate Market
Tagged mortgages, Real Estate Market
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Where is the housing market really headed?
Home builders are pessimistic on stalled sales after the tax credit expired. There is talk of a double-dip recession. What is the concensus? With all the gloom and doom in the present conversation about the national housing market, you’d think … Continue reading
“Snapshot” of Lake Chelan real estate sales through 2nd quarter
Pacific Appraisals Snapshot of Lake Chelan Real Estate Sales is out for the second quarter! It shows the number of homes sold in the area up by 85% and the dollar volume of home sales up by 117% year to … Continue reading
Mortgage Applications hit 13 year low!
Pending sales area at all time lows while mortgage applications are at a 13 year low rate. The Home Buyer Tax Credit seems to have sucked all the life out of the national real estate market this summer, normally the … Continue reading
Posted in General Interest, The Real Estate Market
Tagged banks, Finance, Real Estate Market
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Double Dip in Housing brought to you by: Government
The Federal Home Buyers’ Tax Credit Program expired in, November, April, June or will in September, depending on which expiration date you believe. Or, it may not expire in September either. You see, the tax credit didn’t work. It never … Continue reading
Lebron not the only High Earner moving to low tax states!
Low taxes and warm weather must have looked pretty good to Lebron, moving there from Cleveland. IRS data shows that the wealthy are moving in droves to places with both warm weather and low taxes. Florida and Texas are the … Continue reading
