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Buy a House Now - Top Three Reasons

Many folks have been asking, is now the time to buy a house? To answer this question, first let me say now is Fall of 2010. With that out of the way, let’s take a look behind the doom and gloom media reports and get the real scoop. I have compiled a list of the […]

Buffet Predicts Housing Recovery

Warren Buffet, one of the richest men in the world, often called the Oracle from Omaha, and the single best investment picker in the history of the US stock market has broken his normal hesitancy to make public predictions in his most recent shareholder letter. If you don’t know who Warren Buffet is…well, this post […]

Housing Market Showing Stability

You are going to hear a lot about the housing market today since the Case-Shiller Index came out this morning. As usual those who are fearful or optimistic will use the data to support their predetermined position. I will attempt to put my bias aside and just evaluate the data for you dispassionately. Here we […]

Lease To Own Home Deals Bad For Everyone

Lease to Own (aka. rent to own, lease option, or lease purchase) home transactions seem like a good idea in a slow market. In truth, the benefits of a lease to own deal never outweigh the dangers for both the home buyer and home seller. Lease To Own Home Purchase “Pros” Let's take a look […]

Real Estate Help

Real estate help is all about what to do. However, we are going to tell you what NOT to do. This is about what not to do when picking a real estate agent and during the buying process. I can’t tell you how many times over my 15 years in the mortgage industry when I […]

New and Existing Home Inventories Drop

I have good news: Existing home inventories are dropping..and the same goes for new home inventories too. I have contended until the housing market finds a new equilibrium, we won’t see the banking crisis or the recession averted. So this gives us all a flicker of hope in a sea of despair. Home Inventories Key […]

Lereah Calls Housing Predictions “Spin”

David Lereah, the former NAR chief economist and spokesman, in a recent interview when asked about all of his overly optimistic predictions on the housing market that have now been shown to be false, said he was just using “positive spin”. Wow! David Lereah - Spin Doctor The CNN Money website reports the interviewers question […]

Home Buyer Tax Credit: Too Little To Help

The First-Time Home Buyer Tax Credit stuffed into the Housing and Economic Recovery Act of 2008 to stimulate demand for housing or ease the mortgage crisis, will not have the desired effect. One of the reasons is this supposed tax credit is really just a loan! First-Time Home Buyer Tax Credit Examined Let’s examine what […]

Home Buying Dangers: Builder Ghost Towns

Kirkway Estates is a classic example of new home builder overreaching and the pitfalls the home buyer can encounter. Falling prices, inability to sell, and living in virtual ghost towns are just some of the dangers when dealing with financially strapped home builders. Kirkway Estates Virtually Empty When home builders run out of money, they […]