Sometimes people who feel they have something to say communicate far more by their actions than their words.
Bernice Ross, CEO of RealEstateCoach.com, is a national speaker, author and trainer with over 1,000 published articles and two best-selling real estate books. She recently wrote about… – Ten Lessons learned from a real estate coach
Chinese house prices fell considerably in February. Is this the first leg down in what will become an epic financial catastrophe?
The Chinese government and central bankers ran a Ponzi scheme to accelerate real estate development to help China catch up to the rest of the world. Unfortunately,… – China’s real estate plunge accelerates
Assuming we don’t have another recession, homebuilding will take another two or three years to regain full strength.
I reported in 2012 that the same policies that served to eliminate distressed inventory from the MLS also served to revive homebuilding. Homebuilders provide must-sell… – When will homebuilding really recover?
Rumors of a surging real estate market are greatly exaggerated.
I recently asked, Did the OC housing market come alive in February 2015? Anecdotal reports of surging buyer demand looks similar to the frenzy at the beginning of 2012 — or so local agents would like everyone to believe. The … – OC for-sale home inventory up 45%, sales down 3.6%
What would you do if you were really, really angry at your bank?
Losing a home in foreclosure really makes some people angry. I realize that’s not exactly a news flash, but the manifestations of that anger are truly remarkable, particularly when you consider the borrower has some… – Some people destroy their homes to avoid foreclosure
Bidding wars in an environment of weak demand are a sure sign of restricted inventory, a problem intentionally engineered by lenders.
When I wrote Must-sell shadow inventory has morphed into can’t-sell cloud inventory, I outlined how lenders removed inventory from the MLS by denying short sales … – Bidding wars are caused by underwater homes missing from MLS inventory
Flippers find most of their below-market deals from short sales.
Ordinarily, the IRS considers forgiven debt a form of income, which it is. In 2007 Congress passed the Mortgage Foreclosure Debt Forgiveness Act which allowed borrowers who short sell their houses to avoid taxation on forgiven… – Flippers rip off lenders through short sales