From Low-Ball to Multiple Bidders: Realtors See a Turn
From Low-Ball to Multiple Bidders: Realtors See a Turn
By Kenneth R. Harney, Washington Post, April 19, 2012
It’s not something that economists routinely track, but it provides a rough sense of what’s happening in local real estate markets. Call it the low-ball index.
Raines: Don’t Blame Homeowners
By Alan Zibel, Wall Street Journal, April 19, 2012
The former chief executive of Fannie Mae, in a rare public appearance Friday, argued that government policies weren’t the main cause of the housing bust, and that the government shouldn’t stop pushing to expand home ownership.
Miami Home Prices Increase for a Fourth Straight Month
By Dan Levy, Bloomberg, April 20, 2012
Home prices in the Miami area rose for a fourth straight month in March as fewer condominiums and houses came to market and distressed properties accounted for a smaller share of deals. Condo prices in Miami-Dade County jumped 46 percent from a year earlier to a median $141,700, the Miami Association of Realtors said yesterday in a statement. Single-family home prices gained 13 percent to $180,000.
O.C. Homebuilder Randall Presley Dead at 93
Jeff Collins, Orange County Register, April 21, 2012
Orange County homebuilding pioneer Randall E. Presley died April 12 at Hoag Hospital from complications arising from pneumonia, his family announced last week. He was 93.
NY Foreclosures Are Likely to Jump
By John Byrne, New York Post, April 21, 2012
New Yorkers are starting to feel remarkably positive about real estate, pollsters say, despite dire predictions of a shocking new wave of local foreclosures. “Although it appears the housing market is improving, in the second and third quarters of 2012, the hard numbers will reflect a spike in foreclosures,” warned Jon Maddux, CEO of YouWalkAway.com, a California outfit that counsels homeowners on mortgage default