Real Estate Market News
In case you have not noticed it, interior design seems to be awfully sleepy these days. Robb & Stucky is in Chapter 11. The “biggest recession since the Great Depression” killed off¬† at least a dozen shelter magazines, the survivors suffering along on rations of 30 percent fewer advertising pages these last three years, according…
543,000 vacation homes were sold in 2010, ten less than in 2009. 867,000 investment homes were sold in 2010 940,000 investment homes were sold in 2009 Only 25 percent of vacation home buyers plan to rent them. Only 20 percent of investment buyers plan to use their second homes themselves. The median price of a…
I was glued to the tube Sunday night watching Scott Pelley, who once worked at WFAA-TV in Dallas,¬† reveal something so awful I still cannot believe it. We all know how Wall Street cut corners when it created Credit Default Swaps, those mortgage-backed investments that some bet for, some bet against, AIG “insured” and which…
Starting today, you might see more mortgage brokers hitting the bars or unemployment lines. April 1, that’s today, marks the day the rules change on how mortgage brokers earn their pay. Old way: mortgage brokers get discounted loans from big banks and they offer them to consumers. They charge a fee, which comes as a…
