Notwithstanding a lot of negative information about housing prices, I believe we will see stabilization in the markets by mid-year. Here is my thinking: The speed in which our economy crashed (housing and stock prices) is unprecedented. There were no economic models to predict what happened. Once the decline started, the fuel
If you want insight into what went wrong in the housing world from 2000 - 2006 please read in print or online "Saying Yes to Anyone, WaMu Built Empire on Shaky Loans." This article published today (December 28) in the New York Times and reported by Peter Goodman and Gretchen Morgenson does an excellent job pulling back the curtain on the horrors
For many of us, the financial meltdown has been a wake-up call. A reminder that oftentimes the assumptions we make when times are good do not hold up when the economy falters. The meltdown has reminded me that just because methodologies and technologies may advance, human nature does not. As a result there is a lot to be learned from
In speaking with professionals in the residential real estate business, I find that many of them harbor hard feelings toward the business press. They feel that one of the precipitating forces of the housing bust was the drumbeat of the media asking in headlines: "When Will the Housing Boom Turn Into a Bust?" Some of my friends in the
Four years ago when I was writing snail mail newsletters, I wrote one about residential real estate agents. I opined that there were far too many agents in the business and that many of them were unprofessional. The hate mail I got was amazing. Today, as thousands of fringe agents leave the business, those who remain will be individuals who see
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