Soon after HUD Secretary Shaun Donovan dropped the hint, in a CNN interview, that there might be another home buyer tax credit on the horizon, the Calculated Risk Blog posted the thoughts of economist Tom Lawler, that rumors of of another credit would hurt the struggling real estate market by causing buyers to hesitate, or […]
Trustee Deeds are not comps!
Trustee Deeds are not comps! Foreclosure auctions are generally held on the courthouse steps at a designated time. The mortgage holder will set the starting bid, usually the amount owed on the mortgage. If the loan balance is so high that no other bidders are interested, the mortgage holder takes back the property for the […]
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April home sales down – home prices up
As I have pointed out in the past, the Memphis Area Association of REALTORS® releases 2 sets of monthly sales figures. By the 15th of the following month the MLS sales figures are released, then about a month later the final sales stats, as reported by the filing of deeds, are released. Based on MLS […]
