Should we focus on home sales or home prices to figure out where we are at in the real estate recovery cycle? That’s a good question!!!
In an economy where an estimated 35% or more of home sales are foreclosures or short sales, prices won’t really guide you much. These are distress situations that […]

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HUD published final regulations last week mandating uniform disclosures for all new home mortgages, including tougher rules regarding Good Faith Estimates from lenders that accurately reflect the line items on consumers’ settlement sheets at the end of a home purchase or refinancing.
These new RESPA disclosure forms won’t be required for another year as that gives […]

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Housing is giving us mixed messages again. On one hand, according to NAR, sales of existing homes were up 5.5% in the latest month. They were up by much larger percentages in former boom markets where short sales and foreclosures account for 40-50% of all transactions. On the other hand, the economy as […]

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I’m not trying to give too much weight to one week’s worth of data, but it would be a mistake to sweep this under the rug as well. These numbers are surprisingly stong.
Resales of existing homes jumped by 5.5 percent last week, the largest we’ve seen since the housing boom back in July […]

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