Thursday, October 27th, 2011

How will you spend your winter?

Come join us here in Sarasota Florida. Will you spend the winter in the sunshine, with the average daily temperature in the 70s? Or, up North where the sun often does not shine for weeks and the temperature may not rise much above freezing. And then, of course, there's also the snow. And while the [...]

Saturday, October 22nd, 2011

Shadow Inventory is Down

The term “shadow inventory” refers to the homes that are “in the wings” or “on deck” to come on the market.  This group has been one of great interest to folks tracking and following the real estate market as it is a big indicator of things to come.  There is a company in California named [...]

Tuesday, October 18th, 2011

Appraisals can make or break a deal

Would-be sellers are often disappointed to find that, although they have managed to get an acceptable contract price for their home, the appraisal comes in at a number that is less than that amount and, all of a sudden, the deal is off.  What a let down!  Certainly the buyer is also disappointed as they [...]

Friday, October 14th, 2011

Foreclosures Jump in Southwest Florida in September

Bank of America was responsible at least, in part, for the 27 percent jump in the number of foreclosures for the month.  It would appear that this mega-bank now is able to determine which of their loans have the appropriate paperwork to proceed to foreclosure.  For a long time this lack of information seemed to [...]

Tuesday, October 11th, 2011

Well-known Economist Jack McCabe’s Ideas on American Home Ownership Recovery

  It is no secret that the economy in the US is not healthy.  It is also no secret that millions of Americans have lost their homes and millions more stand to have that happen as they are falling further and further behind in their payments.  There is a large shadow market of foreclosed properties [...]