long time realtor

Has the Housing Market Hit Bottom?

This is perhaps the most thoughtful article on housing I've read in several months. Shadow inventory looms large.

Has the Housing Market Hit Bottom?

This is the perhaps the most thoughtful commentary on housing I've read in the past several months. Shadow inventory may be looming large.

ARM Bailout Unfair to Responsible Borrowers

This isn't a bailout. It's a major concession to lenders to show that they are doing something. I would love to have been a fly on the wall listening to the "bankers" pleading their case to the presidential advisors. It helps so few as to be both pitiful and laughable.

NAR on "Temporary" Housing Problems

I, too, have been in this business a long time as a Realtor -- 26 years -- and I've never seen a down-turn such as this. Sure, one can call it a buyer's market but with buyers few and far between in Palm Beach County, Fl that is not an apt description. Our inventory continues to grow daily and the few sales I and my colleagues have made have been a hefty 30 and in some cases 50% down from the high of two years ago.

Yes, NAR's fugures are wacked! I participate in a new "study" from NAR asking participants to rate their market, mortgage conditions, etc. I'm just wondering what they will do, if anything, with this "study." Will they ever release it?

Missing From All the Credit Crisis Coverage: A Realistic Assessment of Where Home Prices Are Headed

30 to 50% is not unrealistic in Palm Beach County Florida. That's what we are seeing right now!