Housing.com News, Analysis & Opinion: July 2007 Archives

As the housing market fizzles, the number of foreclosures is on the rise, and scams and real estate frauds that went unnoticed amid a flurry of mortgage applications are now coming to light.

Posted at 02:24 PM | TrackBack

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July 26, 2007

Seller's need to be flexible on price and attentive to detail

This from a Wall Street Journal Article on the current housing slump:

"The message for home sellers is that they need to be flexible on price and may have to spruce up their house to stand out against plenty of competition, including from builders desperate to shed inventory"

It is clear that sellers need to be much more attentive to the realities of current market conditions. Tightening credit means less buyers, so your asking price better be competitive. And with inventories rising in many areas of the country sellers will not only need to get real about their asking prices but also spend some time and money on staging and presenting their homes in the best possible way.

Posted at 07:18 PM | TrackBack

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Japanese Architecture in Minature

(Source: New York Times, By Alexia Brue) - "Lee Brackett, a designer and builder outside of Navada City, CA, has been making elaborate Japanese-style homes sin 1977, shortly after completing a five-year apprenticeship with a Kyoto temple carpenter. Recently, he began producing a minature version that he calls his 'gin and tonic bus stop" - a 6' x 10' pagoda, he devised on impluse.."

It is beautifully constructed - check it out at EastWindInc

Posted at 04:14 PM | TrackBack

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July 25, 2007

Monetary policy: Bernake's Performance at the Fed

Photo:AP

The Economist has a interesting article evaluatiing Bernake's performance as the Fed chairman. The Fed chairman has shown some poise recently after few initial missteps.