The giant wave of backlogged foreclosures that is supposed to crush the housing market still isn’t coming. And while logic may dictate that the tsunami is inevitable, it’s time to recognize that there is nothing logical about our current real estate market. The free-market lost. The puppet-masters have won. Our shadow inventory is going to [...]

Our shadow inventory is officially going to stay in the shadows for the rest of 2012. RealtyTrac is reporting that Q1′s foreclosure activity was the lowest since 2007. RealtyTrac reports: IRVINE, Calif. – April 12, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for the first [...]

This post first appeared on Minyanville. Three years of wrong predictions notwithstanding, perma-bears are emerging from a winter’s hibernation with tall tales of another impending collapse in home prices. They could not be more wrong. For pundits, academics, bloggers and others who get their market “color” from crunching numbers and poring over 50-page long analyst [...]

We’ve seen some seriously conflicting housing headlines recently… The data looks bad: Case-Shiller: Home Prices Continued to Fall in January Case-Shiller March Breakdown for San Francisco Bay Area RadarLogic: Housing Bottom Still Out of Sight Existing Home Sales Slowed in February Just How Weak Is The Demand For New Housing? The median price of Bay Area homes sold in [...]

With rents sky-high, San Franciscans can cross their fingers that the construction of 22,000 more apartments and homes might bring some much-needed relief. The San Francisco Chronicle reports: After hibernating for years, apartment construction is poised to boom in San Francisco, where desperate renters say those high-rises can’t rise high or fast enough. Largely in [...]