This is the shake-out you have been waiting for

Here is the time when the career jumpers are all leaving the industry. Countrywide has decided to lay off over 25% of their work force and others are soon to follow. This means on a local level too. If you just got into this industry and you are in it for the long haul then […]

Single family home data is more dramatic

The report from Case-Shiller is a primarily based on single family homes in the top 20 markets, mostly in suburban areas. The nationwide number is down 3.2% which is the biggest decline year over year since the fund had been started! We are beginning to see a wave effect in the market. Things that professionals […]

Quote of the Day

“The pullback in the U.S. residential real estate market is showing no signs of slowing down,”
Robert Shiller, creator of the index and chief economist at MacroMarkets in Madison, New Jersey

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