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It's Friday desk clearing time for this blogger. "The Obama administration has little fear of 'shadow inventory.' Shadow inventory is the spooky name the real estate industry gives to a secret supply of homes on bank books or headed into foreclosure. In a meeting with Los Angeles Times editors and...
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The Tri-Town News reports from New Jersey. "New Jersey Realtors believe in the value of owning a piece of the American Dream, according to results from a survey commissioned by the New Jersey Association of Realtors. The 2012 New Jersey Member Profile revealed that 90 percent of Realtors in New...
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Readers suggested a topic on the housing bubble. "Is the housing Bubble over yet, or is it only the fifth inning or so?" A reply, "Over. I expect new bubbles though as the FED Bank runs the economy hot for maximum growth. I watch RE very closely in Moorpark CA every POS is selling and for almost...
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It's Friday desk clearing time for this blogger. "Builders broke ground on more Clark County homes in July than during the same month in any of the last four years. Builders throughout Clark County say they are selling more houses this year to buyers enticed by historically low mortgage interest...
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Forbes reports on Florida. "Since the housing bust, foreign buyers have flooded the U.S. housing market. Foreign nationals accounted for $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012, according to the National Association of...
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The Communicator reports on Arizona. "It’s official! Home prices are starting to rise, houses are selling at a rapid pace, and the housing market is recovering. "Lennar’s Homebuilding Division President for Phoenix and Tucson Alan Jones talked about price disparities where those searching for a...
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