Young Minds and Old Skills

My days as an REO trainer and business owner are filled with conceptualization, implementation, instruction, and a LOT of phone calls or emails.  A typical day consists of coming up with new material to add to our REO training courses or our online training.  There is a lot of technology involved.  As a matter of [...]

A Silver Lining in the Housing Crisis: Colorado Paves the Way for a Better Market

This week the Colorado Housing and Finance Authority (CHFA) announced that 35% of home mortgage customers have purchased REOs. In 2008, CHFA has closed over $100 million in mortgage loans for previously foreclosed REO properties.
An article featured in DS News lauds Colorado as one of the leading states showing positive growth in this housing market. [...]

11.2 Months of Supply

 
The National Association of Realtors put a report out that claims the United States had a 3.1% increase in existing-home sales in July (08).  This was a nice, healthy rise from the previous month which had been on a steady decline since December of 2007.  This result along with the fact that interest rates remain [...]

Homes for Sale “Suck”

 
This is how an article by Les Christie of CNN Money reads on the headline posted today.  As much as I disagree with the choice of words, I have to say that I agree.  For years now I’ve been going into, photographing, inspecting, and inhaling the putrid air of abandoned homes.  I can still remember [...]

What Do You Get When You Cross Low Interest Rates, Stable Income, and Lower Cost of Real Estate?

 
You get a surge of buyers in the U.S. median income range of $61,500.  Last week our country saw the dollar gain a bit of strength as the Yen and Euro dropped.  Then the statistics from the National Association of Home Builders puts out this statistic of a 53.8% increase in the number of homes [...]

Where are all the foreign investors?

Despite the plummeting value of the dollar, foreign investors are not rushing in to scoop up all the deals. Why?
Taxes and Immigration laws are part of the equation according to a recent article by the Wall Street Journal. A report was published by the National Association for Realtors revealed that for 2008 only 26% [...]

Next Wave of Foreclosures Hits

 
Well, we’ve all been waiting to see what happens next in the real estate foreclosure market.  Fannie and Freddie have had us on pins and needles.  GW has been working on solutions at the Fed level.  Cities continue to rise in foreclosures.  What next?  How about Prime mortgages going into default?
 
Yes, that’s right, prime mortgages [...]