The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday's headlines describing new data from the National Association of Realtors.
via Seeking Alpha.
“The problem with affordability-only modification is that it essentially makes homeowners renters for the foreseeable future and locks them into their homes so they can't move elsewhere for better jobs.”
via San Francisco Chronicle .
There are many schools of thought when it comes to investing in real estate for retirement. Two of them dominate.
One says you buy property and hold it forever.
via Bigger Pockets
One of the key economic problems right now is there are too many housing units1. This excess inventory includes a large number of single family homes, and a record number of vacant rental units.
via Calculated Risk
Vicarious liability is a legal term explaining how one person can be held liable for the actions, good or bad, of their agent. Do you want a real estate “agent?”
via suite101.com.
Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.
via Tulsa World
