There's no question in this contest buyer's win.  Buyers snap foreclosed properties left and right. That's just the reality here on the ground on foreclosed properties: if they're decent, clean, and well priced it would sell first over their competition, that is the other type ...

That’s the startling word from a feature article released today by the Associated Press. Most of the homes currently on the auction block in Detroit, Mich., can not be had for a single George Washington; however, the fact that bids are starting out so low in some cases underscores the current ...

Filed under: North America, United States, Hotels and Accommodations, News The financial crisis isn't just a problem for the residential market - hotels are getting slammed. So are cruise lines, and we all know about the airline industry's unending woes. The travel industry in the United States is s...

With examples from real life -first, get in just under the wire and buy a house for $757,500 in June 2006, right as the market is starting it's downward slide-13 months later, after the slowdown has had some time to really take hold, list the house for $925,000, or 22% more than you paid (buyers ha...

What’s more offensive than CNBC reporter Rick Santelli’s rant against Barack Obama’s supposed intention to throw only a table scrap of bailout money to foreclosed homeowners? His network’s laughable coverage of the biggest economic news story since the Great Depression. READ ...

Yesterday afternoon I stopped by a bar just outside Casa Grande . Atypically all the guys were glued to the TV. No-- they were not interested in whether James Carville punked Limbaugh and the Republicans. Nor was it Wednesday's dead cat bounce on Wall Street. But they were talking about the presiden...

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CNBC's Rick Santelli is an asshole. He cemented it with his rant about subsidizing "the losers' mortgages." I guess he was talking about good people like Joseph Zachery and Paula Stevens. Zachery and ... Continue reading "Time's faces of foreclosures are from KC"...

The Obama budget announced this week - in the middle of biggest housing crisis since the Great Depression - seeks to raise tax revenue by removing the mortgage interest tax deduction for those that are in the 33% and 35% income tax brackets. What? You’ve got to be kidding, right? I can’t...

It’s important for real estate agents to track the percentage of listings where the homeowner is in financial distress as well as REOs (real estate owned), compared to the overall number of listings in a given market area. When short sales, pre-foreclosures, and bank-owned property make up a l...