Single Mom Selling House


Boy, these Realtors will resort to all types of shady tactics to sell houses. While this story may seem cute and make you feel some compassion for the 'single mom' (Deven Trabosh), you should also realize that she is a Real Estate Agent.


"Trabosh, a licensed real estate agent who hasn't practiced in years, knew
she would struggle to sell the home in the troubled real estate
market..."

Read more

posted by author @ 7:33 AM, , links to this post

More great housing market news

Home prices falling faster than the great depression.
"The latest S&P/Case-Shiller national house-price index, published this week, showed a slump of 14.1% in the year to the first quarter, the worst since the index began 20 years ago."

Builder offering buy-one-get-one-free deals on new houses!
"We thought, Why does it just have to be on Pop Tarts and restaurants? Why not buy one home, get one free."

posted by author @ 7:18 PM, , links to this post

Baby Boomer Bubble

Back in 2005, I wrote about how our 'Baby Boomers' were influencing the housing market. Well, now SFGate has a great article about the impending generational housing bubble.

Link to the SFGate baby boomer bubble article.

posted by author @ 9:54 PM, , links to this post

Foreclosure Map

1. Click on link.
2. Click on your state.
3. Zoom in to your depreciating asset.

HotPads Foreclosure Map

posted by author @ 7:37 PM, , links to this post

More Housing Market Trouble. KB Homes Feels the Pain.

KB Home's shares down. Way down.

kb-home

"Net orders plunged from a year ago. Net home orders totaled 1,449, down 75% from 5,744 net orders a year earlier. The sharp decline came as KB took steps to consolidate or pull out of some markets."

Source - Money.cnn.com

posted by author @ 6:16 PM, , links to this post

Housing Bubble Video

Funny video about the Housing Bubble on YouTube

posted by author @ 6:04 PM, , links to this post

Housing News

Consumer bankruptcies leap in February - Reuters

Deal May Protect New Home Buyers - ABC News

posted by author @ 6:55 PM, , links to this post

Latest Housing News

Foreclosure bill faces Senate test

Existing home sales slip and prices tumble

posted by author @ 6:46 PM, , links to this post

Direct Lending Solutions

With mortgage interest rates dropping, we shouldn't be surprised to see a huge surge in refinancing. As of today, 30 year mortgage rates are sitting at just over 5%, but don't jump in just yet. A lot of families have been scammed by fraudulent lenders. I was browsing the web the other day looking for information on loan scams, looking for information that would help protect me as a home buyer. I came across a pretty cool site, Direct Lending Solutions with some great articles about consumer scams, interest only mortgages, and tips on about how to prevent foreclosure.

Direct Lending Solutions also has some good information about Mortgage Interest Tax Deductions. The article answers questions such as:

1. What is qualified residence interest?
2. Definition of acquisition indebtedness.
3. Amount of home acquisition debt.

Check out Direct Lending Solutions for more consumer awareness articles.

posted by author @ 7:30 PM, , links to this post

Housing Bubble Blog Promotion

I just had a great idea. Why not subscribe to my blog feed over there on the right-------------->

Just enter your email address and click 'Kaboom!' Pretty easy really. Then you'll have great housing bubble information piped directly into your email inbox.

Also, it would be nice if you could click the 'Technorati' button to add me as a favorite. I know, this is a shameless plug, but I'm trying to build a readership here.

Thanks,

Housing Boom

posted by author @ 9:34 PM, , links to this post

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About me

    Is there a Housing Bubble? Is Real Estate still a safe investment?
    I don't have these answers, but I do have a whole lot of evidence that realtors are resorting to 'unusual' tactics to drum up business.

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