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It really is that simple. I see uninformed shills write that there is no shadow inventory and other nonsense that realtors tell their customers to dupe them into a false sense of security. The fact is that shadow inventory does exist. It is very large, and eventually banks are going to have to liquidate this inventory. This liquidation will be the collapse of a cartel and may not be the orderly flow they are hoping for.

As we edge closer to issuing coveted IOUs, the spin cycle is out in full force. A report was issued showing that CEOs at the 50 firms that laid off the most workers since the recession started earned an average of $12 million. I guess the recovery will depend on who you are asking.

This is a photo of downtown St George just as the sun is beginning to set. You can see several historical buildings, including the LDS temple.  If you have any questions about current market conditions here in St George or any other area of the county, please feel free to give me [...]

Case-Shiller is a backward looking index. The increasing number of foreclosures, the complete collapse in new home sales, a massive increase in inventory, and the end of tax credits all suggest we are near the end of the line for this bounce in home prices.

The truth is that home prices cannot rise faster than inflation unless we are inflating a bubble. The only thing surprising is that reasonable people who understand this are being heard right now. Usually, the bullshit from the NAr and the general level of kool aid intoxication in the media makes more noise.

Because I receive so many phone calls throughout the day, it’s sometimes difficult for me to answer my cell when it rings. This means callers often end up having to leave a message. I’m only one person and can’t be on two phones at the same time. To deal with this situation, I [...]

Let me put it this way “There was a statistically irrelevant number of new home sales above $750K, somewhere between zero and 500″.

Homebuyers’ interest in green home features increases
More than half of all home shoppers report that green home features, from energy efficient appliances to solar panels, are an important part of their purchasing decision, though only one percent of home listings market these features to buyers, according to a ZipRealty survey.  The survey revealed that 55 [...]

The general public is waking up to the reality that the artificial bottom the government produced is not curing the housing market’s ills. It’s time to let house prices fall.

The moral stigma regarding “Walking Away” is now pretty much gone. That it ever existed in the first place is quite hypocritical.

Never have so few, done so little, and made so much, while screwing so many.

Dylan Ratigan and Peter Schiff discuss the economy, stock market, and housing.

People often don’t pay attention to warnings. That’s because sometimes we look at them in jest, like Lost in Space: Danger, Will Robinson. I can advise sellers that the price of their short sale is too low, but they ultimately set the price, not me. I can also tell buyer’s agents that they need to [...]

I posted in my Orlando real estate blog earlier this month about an article regarding house sizes. It was prompted by an article I read on Yahoo quoting a survey conducted by Trulia. The folks at Trulia liked that I liked it on my Facebook page. One of the questions that I had about the numbers [...]