real estate affordability: It is the best of times, it is the worst of times - 07/14/11 11:21 AM
Confusion runs rampant.  What is happening with foreclosures?  What is the trend in home prices?  How about overall inflation?  What about the debt crisis?  And is the NFL going to play this season?
From reading the headlines, there are definitely mixed signals. We all remember how one year after the expiration of the tax credits there was a significant drop in home sales.  (And to think that some people were taking these "statistics" seriously!)
Now we are getting mixed signals about the state of foreclosures.  Foreclosures are down this year over last year.  Does anybody remember the "Repogate" crisis that hit last … (2 comments)

real estate affordability: A Tale of Two Tweets - No wonder the news is confusing - 04/14/11 12:57 PM
This morning on Twitter I saw a tweet saying that foreclosures have decreased quite a bit over prior data.  But the tweet right next to it was about how defaults have increased.  Most of us in the industry are aware of trends and realize that there are several factors at work that make both of these seemingly-contradictory items true.
But depending on how each story is presented, it could be perceived as encouraging news or discouraging news for the real estate market.  So almost any news item about the state of real estate needs to be read carefully.  It might contain only … (5 comments)