Latest home sales numbers

When you look at home sales the important thing to look for is not just sales but inventory.  It is mostly inventory that impacts prices. When we look at sales for existing homes you should look at the ratio  between conventional and distressed, not total sales. So,...

Home Prices up for 6 straight months

The Case Shiller index of home prices in 20 cities rose 3.0% from last year and up .3% since last month. Phoenix was up an amazing 20% from last year. Can you dispute that the housing recovery has taken hold? This is surely the time to get started. Don’t wait...

Bad appraisals

They are keeping the housing recovery down.According to  survey by the National Assoc of Realtors, more than 1/3 of realtors have experienced the cancellation of contracts from low appraisals. This is true despite multiple cases of overbids. Often the appraiser does...