Few creative ways of boosting affordability are as effective as a lower purchase price. You may have thought so, but take a look at these charts to get a real feel for how large an impact the purchase price actually has on affordability, when compared to the effect of a wide range of interest rates. [...]
Here is a sign of a shift in the REO market dynamics. I just got off the phone with one of my REO listing agents that are supplying me with deals, and she told me that her own listings have been bought up left and right over the past 2 months. In fact, she said, [...]
I can’t believe we’ve already hit the second quarter of this year… Are you setting yourself up for remembering 2008 for all the right reasons? Here is a run down of noteworthy foreclosure blurbs for the week:1. It seems that lenders have little left to hide among federal relief plans and in-house foreclosure ”work-out” schemes. This [...]