The American Banker reports Postponing the Day of Reckoning Pick up just about any city’s newspaper or turn on any news show, and if the topic is real estate, the banking industry is likely being lambasted for foreclosing on troubled homeowners. But industry data and anecdotal evidence suggest banks and servicers have been dragging out [...]

The American Banker reports Postponing the Day of Reckoning Pick up just about any city’s newspaper or turn on any news show, and if the topic is real estate, the banking industry is likely being lambasted for foreclosing on troubled homeowners. But industry data and anecdotal evidence suggest banks and servicers have been dragging out [...]

Minyanville’s Ryan Goldberg writes America to Recession: Make My Day In a bone-chilling trend, sales of handguns have been soaring in recent months. People are arming themselves in preparation for the apocalypse. This alarming upswing has been attributed to 2 factors: Gun owners are purchasing firearms in the last twilight hour before President Obama passes [...]

Dig deeper…it’s not houses. Most buyers choose their homes because they meet basic criteria (size, location, price) and because they possess some specific intangible qualities. Few buyers are sold a home that they wouldn’t have otherwise bought without the salespitch. Moreover, most homesales have two agents involved: one representing the Buyer and one representing the [...]

Dig deeper…it’s not houses. Most buyers choose their homes because they meet basic criteria (size, location, price) and because they possess some specific intangible qualities. Few buyers are sold a home that they wouldn’t have otherwise bought without the sales pitch. Moreover, most home sales have two agents involved: one representing the Buyer and one [...]