The Pacific NW Housing Summit is an opportunity to bring together professionals from all aspects of the real estate industry with the intent to evaluate the current market conditions, forecast the coming years prospects and plan for the resurgence of the housing industry here in the Northwest. Real estate…
From CR: There are so many reports of a housing bubble in China, I asked a friend living in China for his thoughts … this is his view: From Michael Kleist in Shanghai: News of soaring housing prices in China, which are now hovering around late 2007 peaks, naturally invites…
My two children are extremely blessed in many ways. Perhaps their greatest blessing is that they’ve surrounded by a family that loves them dearly and truly cares about their future in a deep, fundamental way – and I’m not merely talking about myself. I’m talking about their grandparents, their…
From the BLS: Regional and State Employment and Unemployment Summary Thirty states and the District of Columbia recorded over-the-month unemployment rate increases , 9 states registered rate decreases, and 11 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over the year, jobless rates increased in…
The MBA reports: Purchase Applications Increase in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. … The Refinance Index decreased 1.5 percent the previous week and the seasonally adjusted Purchase Index…
From Shahien Nasiripour at the Huffington Post: Obama Foreclosure-Prevention Plan Lagging, New Data Shows Only about a third of the homeowners who have successfully completed the trial period of the Obama administration’s mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post.…
A couple of articles about vacant or near vacant high rise condo towers in Florida … From the News-Press: Sole occupant of 32-story Fort Myers condo wants out (ht several) Victor Vangelakos is the only buyer to take possession of his unit in the 32-story Tower 1 of the Oasis…
Real estate appraisers today announced their opposition to part of an Obama administration plan to pay homeowners in trouble to move if they agree to a short sale, saying the program will lead to mortgage fraud. . Under the plan, which takes effect April 5, delinquent borrowers who couldn’t get a loan modification can get $1,500 to…
One of the important points NY Fed VP Brian Sack made in his speech yesterday was the need for clear communication: [T]his tightening cycle, when it arrives, will be more complicated than past cycles, as there will be more decision points facing policymakers. With more decision points come more opportunities…
I’m going to share with you excerpts from seven different emails I’ve received from readers in the last few days. Kenny: I listened to your radio discussion with Vicki Robin and I was really intrigued by the whole five year plan. I have a big dream I’d love to…