From Fannie Mae: Fannie Mae Announces Deed for Lease™ Program Fannie Mae (NYSE:FNM) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property ... Read more

A True Tree House Here is the real issue with foreclosures and sellers. When those properties close they go into the pool of closed transactions which are used by appraisers to arrive at current market value. As each of those foreclosures sell they are no longer your competition. They have n ... Read more

Bailouts are rescuing the irresponsible at the expense of the prudent, or so we all believe. But didn’t the prudent benefit from the Great Housing Bubble as well? Asking Price: $654,000 Address: 34 Blazing Star, Irvine, CA 92604 Glenn Beck on the H ... Read the full post ... Read more

Many people seem to think the housing market will recover when the economy does. The economy is not the cause of problems in the housing market, and economic recovery will not save the housing market. The rollbacks keep getting going further back in time. We are now seeing rollbacks of 2003 prices ... Read more

There has been an upwelling of bearish sentiment lately, justifiably so. Rents are dropping, unemployment is rising, and foreclosures are increasing: macroeconomic forces are working against the market. So it makes me wonder, “Could it really get that bad?” ... Read the full post ... Read more

Many prognosticators are already calling the bottom. Most are market cheerleaders who will again be wrong. The deep price reductions we are seeing today suggests the bottom may be even lower than I originally predicted. Asking Price: $429,900 Address: 8 Satinwood Way, Irvine ... Read th ... Read more

Never ever ever never take a loss on a Deep Call position. Ever. Even when Deeps become Out of the Money. A house though? Different story. Add another to our list of celebrity slow sellers. Move Trends reports that Lenny Dykstra's home has had a steep discount since it first hit the mark ... ... Read more

UPDATE: Also check out the charge-off rates . The charge-off rate almost doubled for commercial real estate (CRE) from 1.16% in Q3 to 2.04% in Q4. The commercial banks are starting to recognize their CRE losses! The Federal Reserve reports that delinquency rates rose sharply in Q4 in all ... R ... Read more

From the Census Bureau: December 2008 Construction at $1,053.7 Billion Annual Rate Spending on private construction was at a seasonally adjusted annual rate of $737.1 billion, 1.7 percent (±1.1%) below the revised November estimate of $749.6 billion. Residential construction was at a seasonally ... Read more

Although sales in January were quite slow, it seems as though properties in the lower price ranges are selling quite well. At our office we have noticed a marked up-tick in the number of first time buyers we are working with, and since sales in the lower prices ranges are quite strong it could be ... Read more