Shadow Inventory Artificially Boosting Home Prices
June 2013 – “Shadow Inventory” is typically defined in the current market environment as having 3 components, as shown in the attached report from CoreLogic, the major US real estate data aggregator:
- Seriously delinquent properties (more than 90 days behind… Continue reading
Nevada County Real Estate Market Update Q1-2013
April 2013 – As the market heats up during what appears to be a strong recovery after several years of doldrums, the relationship between inventory, price and sales volume is making itself known. Shrinking inventory drives up prices while driving… Continue reading
Nevada County Real Estate Luxury Market Snapshot 2012
March, 2013 –For the last two years, the Luxury Market Snapshot was published, examining the performance of this locally important market sector for 2010 and 2011. This month we’ll take a look at the luxury market for 2012 and look… Continue reading
Foreclosures dropping fast in CA
Foreclosure and default notices in the Bay Area and California have fallen to their lowest levels since before the housing downturn, according to a report released Wednesday.
The report from San Diego's DataQuick highlights how the foreclosure crisis appears to… Continue reading
2012 Nevada County Real Estate Year End Report
January 2013 – Looking back at the local real estate market for the past 4 years, the change from a declining market to an improving market is evident. The important values that are used to track market performance are price,… Continue reading
Mortgage Interest Deduction-the Heart of Homeownership
Home is where the heart is. A man’s home is his castle. There’s no place like home.
These familiar sayings remind us of the emotional connection Americans have with homes and homeownership. However, home also is where our nation’s economic… Continue reading
Mortgage Interest Deduction (MID) at risk
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Don’t Rock the Boat! Keep the Mortgage Interest Deduction
Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are… Continue reading |
Nevada County Real Estate Market Metrics-Q3 2012
October, 2012 – From the first quarter of 2011 through the first quarter of this year, local prices have been essentially flat and formed an apparent bottom. Sales volume during this period has been trending strongly upward. We’ll look at… Continue reading
Dual Agency – A Real Estate Balancing Act
September 2102 – In California, there are 3 types of real estate agency relationships: Seller’s Agent, Buyer’s Agent, and Agent Representing Both Seller and Buyer. The latter is known as Dual Agency, and defines the general case where the Seller… Continue reading
CAR President Arnold responds to “secretive” FHFA bulk REO sale
This is a re-post of a letter sent by e-mail to all members of California Association of Realtors® today by our 2012 President LeFrancis Arnold. Well said, Mr. President!
Please see my previous post for more information:
http://www.paulsieving.com/2012/08/19/fhfa-plans-another-insider-giveaway/
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August… Continue reading |
FHFA plans another Insider Giveaway
In the wake of the financial collapse of 2008, one of the first mortgage lenders to go down under the weight of distressed mortgages and toxic MBS instruments was IndyMac Bank. Along with Countrywide, they had been “pioneers” in creating,… Continue reading
Department of Justice Failure to Prosecute Financial Criminals
August 17, 2012 – From time to time, something will cross my desk that must be shared. I do my best to limit posts at this blog to topics that are directly related to real estate and especially local Nevada County… Continue reading
Nevada County Market Metrics-2012 Inventory Update
In December 2011, we took a look at monthly inventory of single family residences (SFR) over the previous 3 years and discussed the effect of declining local inventory on demand and pricing. Here is the data from that article:
| Month/Year… Continue reading |
HARP 2.0 Mortgage Fraud Alert
On Oct. 24, 2011, President Obama announced an overhaul to the HARP program with the intent of reaching more underwater homeowners. The expanded HARP program – also referred to as HARP 2.0 – took effect on December 1, 2011 for… Continue reading
Nevada County Luxury Market Snapshot
May, 2012 –Last year at about this time, the first Luxury Market Snapshot was published, examining the performance of this locally important market sector for 2010. This month we’ll take a look at the luxury market for 2011 in comparison… Continue reading
Nevada County Market Metrics – First Quarter 2012
April, 2012 – After a full year in which Nevada County Real Estate was fairly stable (prices, sales volume) for the first time since the beginning of the downturn in 2008, we’ll take a look at continuing trends as we look back… Continue reading
The Mortgage Fraud Settlement – Another Bailout for Wall Street
In early February 2012, a settlement between the Federal government and the Attorneys General of 49 states (all but OK), and the nation’s 5 biggest mortgage servicers was announced. The five servicers are Bank of America, JPMorgan Chase, Citibank, Wells… Continue reading
Nevada County Land Sales 2001-2011
March 2012 – The market for new homes began falling along with the rest of the market in 2006, and was essentially a non-market by late 2008. When the market value of many existing homes fell below replacement cost, meaning… Continue reading
Buying Investment Property – Making money on the way in
March 2012– The Investors are coming, the Investors are coming! Since 2009, according to the California Association of Realtors®, buying activity byinvestors has been on the upswing in many California markets that have been hard hit by the recent… Continue reading
Lease Options – Where do they fit?
In challenging markets like the one we have now been in for over a year, buyers and sellers of residential properties look for unconventional ways to accomplish their real estate goals. The lease option has been a fallback tool for… Continue reading