1995 was a pivotal year. Prices stopped going down. It had been 5 long years since prices peaked in 1989/90. Each year seemed to drag on with no end in sight. The fact that prices weren’t going down anymore seemed like little consolation because the market still felt dour, unexciting. Maybe prices weren’t going down […]
Bank Repo’s and Short Sales – How Much do they Really Affect Prices?
November 2, 2010 By
It’s no secret that short sales and bank repos sell for less. These low sales didn’t affect sellers until the advent of the HVCC (Home Valuation Code of Conduct). This law, enacted by Andrew Cuomo, is an attempt to mitigate appraisal fraud. However, laws to regulate morality or integrity often do neither. If you want […]
Credit Crunch, Short Pays & CAR’s 2008 Economic Outlook
November 29, 2007 By
The Credit Crunch I’m a big fan of financial sayings. “It’s only when the tide goes out that you discover who’s been swimming naked – Warren Buffett, is one of my favorites. In August of this year, that is exactly what happened to many sub prime lenders and the loans they made. See page 34 […]