While the media continues its unrelenting assault on the housing market, more and more we are starting to see the shift in focus toward "the bottom."
Read this article to get a sensible perspective on the real estate and stock markets from real estate author and investor Eric Tyson.
Mr. Tyson says comparing today's economic woes to the Great Depression or the S&L Crisis of the late..(read more)
Like that catchy headline?
I'm not even going to begin to generalize about the intelligence levels of an entire population group. With that said, I just read an article about how Canadians are now the leading foreign investors in US Real Estate, replacing Mexico for the top spot.
According to Realty Times, Canadian buyers made up 23.5% of the foreign investment market, up from 11% last year.
The..(read more)
In a post on this blog a couple of months ago, I referenced an article that called out Jim Cramer for being so bearish on the housing market while at the same time advising people to keep their money in Bear Stearns stock (which was bought up for $2 per share when the company went belly up).
So now Mr. Cramer, in his typically flamboyant style, goes out on a limb and says the housing market..(read more)
I'm sure some of you know that I used to work as a newspaper editor. I had a lot of fun doing that. Didn't pay too well at the level I was at, so I had to move on.
Now I don't even read the paper. I have not read a newspaper, other than the occasional sports page, in years. I don't watch the news on TV. I don't listen to news radio, and I don't..(read more)
As someone involved in residential real estate in Northern New Jersey, over the years, I haven't seen a whole lot of mortgages insured by the Federal Housing Authority, or FHA.
Yeah, sure, on our real estate purchase contract, there is a box to check if the buyer is going to apply for an FHA loan, but as a matter of habit, I always just checked off the "Conventional"..(read more)
And yet another negative report on the housing market ... this time from the National Association of Realtors.
The headline reads: "Existing-Home Sales Slip in March."
If that's all you read, you would think it's more of the same gloom and doom for housing. But wait ... is there a shred of positive news about one or two regions of the country? ..(read more)
Boy, I feel like such a chump. Boy oh boy, did I ever get suckered.
What a stupid thing I did.
I can't believe I actually traded in my rented apartment for a single family home that I now own. What a dumb move.
Can you believe it? My home, even after I've dumped thousands of dollars and spend hundreds of hours fixing it up, is probably not even worth what I paid for it. And I've owned it for..(read more)
A couple of years ago, when home prices were skyrocketing, I kept hearing people say that housing was becoming unaffordable.
That was probably true, for many people, and yet home ownership rates climbed during the boom years of the early 2000s (although much of that had to do with the "creative" financing that is now coming back to haunt us).
But now that home prices are coming back..(read more)
I don't give out advice on the stock market. It's not what I know.
But apparently, the same doesn't hold true for a lot of so-called stock market "experts." With the recent correction going on in the real estate market, it seems like the stock gurus all want to chime in with their 2 cents worth of free advice.
