valuepredictor

Foreclosures Getting Out of Control

As author of “The Missing Keys to Thriving in Any Real Estate Market” it is not mere loan modification, tossing money at the problem, or simple write-offs. The problem started from a lack of need of current local info (due diligence) and a reliance of poor risk systems such as FICO, rating agencies, and a reliance on appraisers and present values, all of which have nothing to do with local information at the Block level. Until loans and underwriting take into account current local information and true risk, then only winners will be those who make commissions, and those who do not hold (flip), or those that buy at deep discount, and truly know that their local market has bottomed. HomeValuePredictor.com

ETFs That Bet on Housing Values: Is This a Joke?

The core problem with Case-Shiller and MacroMarkets if it’s false assumption that there is a correlation to the metro area to the local or hyperlocal housing market, which there is NOT. Example, in the Phoenix Metro Market there are over 2,229 hyperlocal markets (Block Groups). And in comparing the min and max to the median, there is over a 15% error. So this ETF is more of a true gamble than most economist relies, which I find interesting. Counting cards at the Rio, seems smarter, since this way, at least you know the odds, and do not directly pay the house.

The Mother of All Bubbles

Was the lack of current local micro economic information a factor in the Housing Bubble? Has anyone looked into this? Or does free macro economic data rule?