Everyone Wants To Keep The Momentum Going

A report from New Jersey 101.5. "New Jersey’s foreclosure rate nearly doubled from March to April. RealtyTrac Vice President Daren Blomquist said a primary reason is the length of New Jersey’s foreclosure process, which currently averages above 900 days. 'If you’re looking for a place to not make...
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It Feels Like That Feeding Frenzy Again

The Sun Sentinel reports from Florida. "South Florida investors flipped 4,299 homes last year, up 36 percent from 2011. They bought at an average price of $138,064 and resold at an average of $189,291. Orlando was the top market for flipped homes, with a 63 percent gross profit, RealtyTrac said....
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Mr. Bernanke, How Much Should I Borrow For A House?

I asked this question as a weekend topic. "Mr. Ben Bernanke, "Since you and the President have taken it upon yourselves to drive house prices higher, I thought I’d cut to the chase and ask you how much I should pay? You may know that house prices here in Flagstaff are really high compared to local...
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The Sequel Looks To Beat The Original

It's Friday desk clearing time for this blogger. "Southwest Florida is one of the best real estate markets in the country for property flippers to make quick money with homes in demand and prices rising — beating out other housing hot spots like San Francisco, Cape Coral and San Diego, according to...
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Returning To The Bad Habits Of The Boom Era

The Denver Post reports from Colorado. "The price of previously occupied homes sold in the metro area shot up in April as buyers battled over a limited number of homes available for sale. An analysis done by Jim Smith, owner of Golden Real Estate, found that homes listed for sale since April 1...
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It’s Go Time In California

The Press Enterprise reports from California. "Drawn by the prospect of high profit margins on rents and re-sales of homes, hedge funds, Wall Street investors and flippers are muscling out home-grown shoppers in Inland Southern California. The dynamic has gotten so pronounced, Realtors admit...
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Part Of The Housing Bubble Narrative

Readers asked what to do in a housing bubble. "Bubble 2.0 is cresting. What is your plan B? I don’t have one. I just realized I never really had a plan A, either." A reply, "Ha-ha, yes, it IS cresting. Someone mentioned City Data forum on this blog, and you can see the signs of another market...
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