Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.
Lawrence Yun is the Chief Economist for THE NATIONAL ASSOCIATION OF REALTORS® and he’s here to help us understand pricing, interest rates and what it all means to us as home owners, buyers and sellers.
Ed Golding is from the U.S. Department of Housing and Urban Development, where he’s the Senior Advisor to HUD Secretary Julian Castro. Ed’s an expert on housing finance with over 25 years of experience in the industry… and prior to HUD, he served as Senior Vice President at Freddie Mac.
Mark Zandi is the Chief Economist for Moody’s. As someone who directs and works with real estate research every day, he’s a trusted name on the national economic front. Mark serves as an adviser to policymakers, and often testifies before Congress on fiscal challenges and the economic outlook.
Jill Schlesinger is the Emmy-nominated business analyst for CBS News. Jill appears on CBS radio and television stations nationwide covering the economy, markets, investing… pretty much anything with a dollar sign. Besides her well-known work for CBS, Jill also hosts the nationally syndicated radio show, JILL ON MONEY, and she writes the RETIRE SMART column for Tribune Media.
We’re going to take a look at one of the key measurements in any real estate market – and that is, distressed properties.
Properties that are in the process of foreclosure, or a short sale.
They’re very bad news, whenever they happen. First, for the families who live in those houses. Families who can’t pay the mortgage, so they have to leave, and face an uncertain future. It’s a heartbreaking loss.
Bad news also for the communities they’re located in. Distressed properties are almost always sold at a deep discount – so they throw off the entire market. The comps for neighboring properties come in lower. They can drive the whole market down. Ever try to sell a house, after a place down the block goes into foreclosure? That hurts.
And as we all know, distressed properties were one of the major problems when the housing crisis hit less than a decade ago.
But the good news is – we’ve gone through a 180 degree transformation and we’re making impressive progress. Normally in real estate, we like to hear about the numbers “rising.” In this case – a “decrease” is what we’re looking for.
And every month – we are NOT disappointed.
Continue reading “Distressed Properties” »
David Crowe is the Chief Economist of the National Association of Home Builders. Formerly, Dr. Crowe was with the U.S. Department of Housing and Urban Development and holds a PhD from the University of Kentucky.
Greg McBride is Senior Vice President and Chief Financial Analyst at Bankrate.com. Greg’s a frequent guest on financial talk shows on Bloomberg, CNN and Fox. He’s quoted in the Wall Street Journal and USA Today and has appeared before the Federal Reserve Board, Mortgage Bankers Association and the Federal Trade Commission.
HouseLogic.com is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS® — that can help you make smart and timely decisions about your home.
Heidi Kasama is the President of the Greater Las Vegas Association of REALTORS®. Heidi is the Managing Broker at Berkshire Hathaway Home Services Nevada Properties in Las Vegas. And among her other accomplishments, she has earned the highly regarded Accredited Buyer’s Representative designation from the NAR.
As we’ve learned – things are looking good. The economic indicators are looking better every month. As we mentioned at the top of the show, Existing Home Sales were up once again in July – so are home prices – and fewer and fewer homes are facing short sales or foreclosures. So yes, things are looking much, much better.
But as we wrap up today’s show, we wanted to ask a very simple, yet a very powerful question about the nation’s real estate recovery. And that is – are we there yet?
Sure, we’ve made a lot of progress. But – are we back to normal?And if not, why not? What’s already fixed, what’s almost fixed, and what still has a long way to go?
Well, let’s find out by taking an in-depth look at the key indicators – home sales, inventory, prices distressed property sales and mortgage rates – so we can see where we stand.
Continue reading “Are We There Yet?” »
- EHS Up
- HUD-1 Changes
- Homes Are Still Affordable
- Reason For Optimism in Housing
- Cheapest Places to Finance Home
- New Highs for Property Values
- EHS Up
- More Housing Markets Become Normal
- 2014 is Great Year for Home Buyers
- U.S. Households Top Global List
Continue reading “Top News Of The Week” »
It’s time to take a look at the latest real estate data from across the country, and today we’ll be looking at the latest Existing Home Sales report for the month of July released this week by the NATIONAL ASSOCIATION OF REALTORS®.
And after a chilly start to this year, the real estate market started to pick up some momentum throughout the spring and summer. Existing Home Sales have been climbing steadily and, something we’re very glad to see, so has inventory. So did that good news carry on over into July? Well, we’ve got good news for you as July turned out to be one of the best months yet.
Continue reading “Local Market Conditions” »