Housing woes won’t end soon …

Every housing market is different, and that is why it is so difficult to grasp the question "What is the housing market doing today?"  However, in many markets, the pendulum is on the upswing.  The major factors involved in housing recovery are the following: 1.  Median income exceeds median house price.  When the average person can more than qualify for the average house, we are...

Working in the mortgage and real estate field everyday I'm questioned when will "things turn-around"?  Like myself, everyone has an opinion and there are different takes.  A few key points: 1. When are foreclosures and short-sales going to finally be down to pre-2007 levels? 2. Will the house pricing "bottom" be, as some proclaim, the latter half of this year, OR as far out as 2011- 2012?...

  Does the glut and greed of the American homebuyers control the market prices? Can Americans ever recover from such an embattled real estate market and enjoy making 80 thousand, 90 ninety, or even 100,000 thousand dollars in just over two to three weeks as our market has afforded us? As the old saying goes, the meek shall inherit the Earth. 

When you read that the subject poll showed that 59% of those polled believed that now is a good time to buy, you realize that the American Dream is still a great big pad with a 6.000 pound SUV or two in the garage no matter what.  JUst like land developers and builders, if you will loan money, the American public will buy and/or build.  They’ll be angry with the lender if they tip over,...