Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over…
Category: News
News, current events, etc.
Déjà Vu: Mortgage Interest Rates Panic
Looks like it’s that time again… Recent headlines have described an increase in mortgage interest rates from 3.35% to 4.0% with hyperbole like “Mortgage Rates Soar,” and “Soaring U.S. Mortgage Rates.” If this sounds familiar it’s because we heard the same nonsense when rates moved from 5.0% to 5.3% in 2010. These types of articles…
Weekly Twitter Digest (Link Roundup) for 2013-06-07
Totally unbiased commentary about "homebuyer regrets" from RE Booster Tom Kelly http://t.co/joSixCRiB9 (reader tip) -> Local real estate huckster Mike Mastro, on the lam in France, freed by the French government: http://t.co/qNzJoVLPdk via @seattletimes -> "7-story apartment project will revitalize Seattle's Japantown" http://t.co/Hagdb2Slpd via @PSBJ -> "Luxury condos at once-troubled Bellevue Towers finally nearing a…
The Guardian Needs a New Finance & Economics Editor
Somehow I was directed this week to a recent opinion column by the Guardian’s “US finance and economics editor” Heidi Moore: Don’t be fooled by the false economic recovery Obviously, I love a good contrarian argument. Unfortunately, this piece is far from good. Take the consumer confidence numbers, which are measured every month by the…
May Reporting Roundup: Inventory Increase Edition
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Competition among…