August 3, 2009

Modifying Mortgages — Why So Few?

Greedy, Stubborn & Stupid? No, Just Greedy I’m sure like a lot of people (and almost all *Realtors), I assumed that banks’ unwillingness to modify underwater mortgages en masse was due to greed, stubbornness, or stupidity — or a combination of all three. And while I think that there’s plenty of evidence to support that...
Read More

Beige Elephants

“The Bigger They Are, the Slower They Sell” That’s from an article in today’s Wall Street Journal titled, “High-End Homes Frozen Out of Budding Housing Rebound” (8/3/09). The thrust of the article — which I agree with — is that the lower rungs of the housing market are now stable if not recovering, while the...
Read More