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
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
Bad Idea. Unless you absolutely MUST sell your home now, don't even put it on the market. Here are my reasons: 1. Buyers are all looking for a steal. They can read the papers just like you and me and they see that median home prices are, on average, down 20% from 2006 peaks. And, in certain areas of the country, the decline is more like
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