When I talk to realtors in many parts of the nation, they admit that foreclosures and short sales continue to be a key part of the housing activity in their area. Many analysts feel that the pace of short sales is likely to increase, especially given market conditions and the opinion that short sales are
Short Sale
Amazon.com WidgetsThe chatter about underwater homeowners “just walking away” from their debt deafens us at various intervals during this recession (here’s the latest from 1/7/10), and it’s hard to deny the rationale for walking away for certain specific cases. But recent favorable data can, just like negative foreclosure data, cause sentiment to change—in much the
Supposedly the Washington Post sponsored a competition asking for a two-line rhyme with the most romantic first line and the least romantic second line. “I thought that I could love no other Until that is, until I met your brother.” “I see your face when I am dreaming That’s why I always wake up screaming.”
Starbucks is reportedly adding alcohol to the menu at one of its stores. When asked why, a spokesperson for Starbucks said, “Because sober people don’t pay eight bucks for a cup of coffee.” I wouldn’t either, and given today’s GDP numbers, neither would many others. GDP, which measures the value of all goods and services
This market is tougher than a $3 steak! When the heck are mortgage prices going to improve? Why is the 10-yr Treasury down into the 3.5% range, yet conforming/conventional 30-yr loans, eligible for FNMA and FHLMC, back up into the 6% range? The widening that is occurring out to these levels, which statistically speaking happens