Browsing the archives for the news tag

Surprise, Surprise – Government Short Sale Programs Continue to Flop

Anyone who’s followed the Art of Short Sales for any period of time knows that we have not been a huge fan of the HAFA, HAMP, and other government programs designed to ease the short sale process. This week’s CNN article by Diana Olick continues to prove that over a year after its inception, the [...]

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Google Maps adds Foreclosure Results

Pretty interesting find over at The Big Picture, detailing how to use Google Maps to find foreclosures: Google Maps keeps evolving, expanding the ability to drill down into granular detail. The latest updated trick? Mapping foreclosures for sale. Our friends at Chart Porn — a blog that got its name from one of our posts (honest!) [...]

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NAR Graphs Show Housing Market Woes Far from Over

Came across these very interesting graphs from the excellent Calculated Risk Blog today: This first graph shows Existing Home Sales from 1994 and forecasted out to Jan 2011. It’s interesting how this corresponds with our other blog post from this morning discussing the woes of the housing market. The artificial boost the homeowner tax credit [...]

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National Association of Realtors – Home Sales Much Worse Than Expected, Down 27% – Worst Drop Since 1968

Very interesting video and article by the Associated Press today along with commentary from the LA Times: Some startling information from the AP this morning indicating that sales of previously owned homes are down over 27% in July. The credit for this has partially to do with the expiration of the federal tax credit for [...]

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California Article Claims Short Sales are to Blame For Housing Market… Huh?

More market news about short sales Courtesy of The Signal, in California. The title of this article is, “Short Sales Hamper Market”, and it’s an interesting article because it somehow backwardly blames the housing problems on Short Sales, even though we have shown over and over again that short sales are actually a mitigating factor, [...]

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