Mortgage Rates: Stuck at 5% Local lender and blogger Alex Stenback has a nice post from yesterday, “Lower Mortgage Rates Stymied By Supply,” that explains what’s happening with mortgage rates right now — and why.Read More
December S&P/Case-Shiller: Minneapolis Down 18.5% The latest S&P/Case Shiller numbers (for December) are out, and to no one’s surprise, they’re dreadful: all of the nation’s 20 largest housing markets show decreases, from the merely bad (Dallas, Denver) to the shocking (Las Vegas, Phoenix). Minneapolis shows an 18.5% drop from a year earlier. Before you jump...Read More
Don’t Sell Your House to Your RealtorSelling your house to your Realtor is a bad idea for about 48 different reasons, beginning and ending with conflict of interest. That’s especially true if the sale is a “short sale” — that is, the home is worth less than the mortgage against it. In such cases, the...Read More
