Monthly Archives: July 2011

How to survive a five-year slump in housing

The hopeful maxim of Charles Dickens’ perennial debtor that “something will turn up” nourishes American housebuilders, realtors and homeowners. The industry has endured a horrible five years. Housing starts rallied a little in June but are still at historic lows. … Continue reading

Posted in Real Estate Trends, Uncategorized | 1 Comment

Are Unsellable Homes Holding Back Job Growth?

Many economists have argued that the continually deteriorating housing market may be holding workers back from relocating to areas where jobs are more plentiful. If you can’t sell your home in Detroit, where the unemployment rate is 11.6 percent, you’re … Continue reading

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California Senate Bill 458 CA SB 458 Forgives All Debt After a Short Sale

July 18, 2011: A new California law will further protect homeowners pursuing short sales by barring first and second lien holders from going after sellers for money owed after the short sales close. Gov. Jerry Brown signed Senate Bill 458, … Continue reading

Posted in Real Estate Trends, Uncategorized | 39 Comments

Letting Bankers Walk

Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers. This principle was on display during the final months of the Bush … Continue reading

Posted in Foreclosures Short Sales Mortgage Litigation, Uncategorized | Leave a comment

Mexico has become a better place to live

Over the past 15 years, Mexico once defined by poverty and beaches has progressed politically and economically in ways rarely acknowledged by Americans debating immigration. Even far from the coasts or the manufacturing sector at the border, democracy is better … Continue reading

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Jobless Claims Expectedly Increase

HOPES had risen in the past week that America’s economic soft patch was ending. They have just been doused with a bucket of cold water. The job market showed further deterioration in June from May, the government reported on Friday. … Continue reading

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Housing Rents on the Upswing

A bubble that caused a global recession has been a long time deflating. The American housing market began to decline half a decade ago and hasn’t stopped yet. Prices dropped by 5.1% from the year before, according to the latest … Continue reading

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