Build and Destroy – It’s About Time

It is about time! Kudos Guaranty Bank. The simplest way to limit the supply is to eliminate it. Not only does it limit the supply, it detours future dilapidation and possible degradation.

5 tips on buying a foreclosed home

1. Finding one has become easier You don’t need to show up at courthouse auctions or comb through legal filings. These days many banks sell foreclosed homes through real estate agents. 2. It’s best to buy from a bank If you buy a foreclosed home at an auction before the bank repossesses it, you’ll have [...]

Pending Sales Rise for the Second Straight Month

I was once told by a wise man that luck doesn’t happen twice in a row. So here we go again another month of positive signs coming from the housing market. The Dow surged 214 points today, a little better than a 2.5% gain, on the better-than-expected numbers coming out of the housing market. So [...]

King County Bank Owned Foreclosure Charting

The Seattle Times has two great research tools to help individuals research Number of bank-owned homes year over year, and Finding Foreclosure information on your neighborhood.

Washington Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast (Chart)

It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast

Loans closed in May will have first payment dates of July 2009.

As Inventories Go Down Sales Surge

Compared to February, last month’s pending sales (offers made and accepted, but not yet closed) surged 25 percent. Last month’s volume was down 5.6 percent when compared to twelve months ago, but it was the highest monthly total since September. Inventory fell sharply from a year ago (down more than 14 percent), in part due [...]