Monthly Archives: March 2011

March 29, 2011: Today I testified as an expert in front of the Nevada Senate on Senate Bill 346. Right now, the law only prohibits deficiency judgments for mortgages taken out after October 2009. The new bill requires lenders to … Continue reading →

March 29, 2011: THE first S&P/Case-Shiller housing index data for 2011 are now out, and the headlines are likely to ring with gloom—urged on by S&P itself: “Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller … Continue reading →

ITS TIME YOU LEFT March 24, 2010: TO THE many dubious distinctions of Las Vegas, add one more: foreclosure capital of America. According to RealtyTrac, a property-listings firm, one in every ten homes in the city was in some stage … Continue reading →

March 25, 2011: The real estate forecast by Beacon Economics calls for average California home gains of 0.6% this year; 3.2% next year; 5.4% in 2013; 6.7% in 2014; and 7.8% in 2015. All told, Beacon is basically projecting that … Continue reading →

March 23, 2011: New sales of single-family homes fell nearly 17% in February from a month earlier, coming in well below analysts’ estimates and at the lowest level recorded. The Commerce Department said the seasonally adjusted rate of 250,000 units … Continue reading →

March 10, 2011 I write on behalf of the CALIFORNIA ASSOCIATION OF REALTORS®, whose 170,000 members continue to witness the devastating consequences the home foreclosure crisis is having on California’s families, neighborhoods, and communities on a daily basis. The number … Continue reading →

WATCH YOUR STEP Residential real estate deals always carry some risk of legal disputes, but today’s volatile market is spawning new clashes. Short sales present pitfalls for sellers and buyers, which can result in legal wrangling. How banks handle defaults … Continue reading →