Price of Vaporization

More American homeowners are sinking underwater.  The percentage of mortgage holders with negative equity rose during the third quarter to 23.2%, according to Zillow.  That’s up from 21.8% a year ago. The website reckons that since the start of the housing bust in 2006, homeowners have seen $9 trillion in imaginary wealth vaporize. In fact,…

The “Shadow Inventory”

The housing market will soon be seeing a  large increase in the  number of homes on the market as those repossessed by lenders and homes that were previously delinquent are ready to be put up for sale.  Estimates place the number of these houses around 2.1 million.  In combination with the low demand, it is…

eProspecting

Social media has grown by leaps and  bounds over the past decade and has proven to be exceptionally useful in the real estate market.  It is a way of finding new customers and maintaining relationships with current ones.  There are, however, factors to keep in mind as you dive into blogging and other forms of…