August 2010

Future Home Prices: Expectations from the Experts

August 31, 2010

MacroMarkets has assembled a very distinguished panel of over 100 economists, investment strategists, and housing market analysts who are surveyed every month regarding their 5-year expectations for future home prices in the U.S. The report is the Home Price Expectations Survey. Their purpose for this undertaking? We are hopeful that this survey, and our panelists, will [...]

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How the Serenity Prayer Applies To Selling a Home

August 30, 2010

You may believe that selling your home will be impossible after all the news you have heard recently.  You may feel powerless to the process. What could YOU possibly do to turn this housing market around? There is no doubt that today’s real estate market is extremely difficult to navigate. However, we want you to [...]

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Sense of Urgency?

August 27, 2010

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing [...]

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Everybody Calm Down. Armageddon Is NOT Upon Us!

August 26, 2010

CNBC report 9/2: “Pending sales of previously owned U.S. homes rose unexpectedly in July … suggesting a tax credit-related housing market decline was close to bottoming.”   ORIGINAL POST The new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing [...]

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The Existing Home Sales Report Is In. Ugh!

August 25, 2010

We want to begin by saying there were absolutely no surprises in this month’s National Association of Realtors Existing Home Sales Report. Experts were calling for a dramatic fall off in volume and a substantial increase in month’s supply of inventory. Everyone now realizes that the tax credit actually pulled more demand forward than it [...]

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Are Modification Programs Actually Working?

August 24, 2010

One of the greatest threats to a housing recovery is the months’ supply of housing inventory available for sale. A normal market would have between 5-6 months inventory. We currently have 8.9 months of inventory and most experts believe that number will increase rather dramatically when the National Association of Realtors’ August Existing Housing Report [...]

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