Opinion

Jul

30
2007

Letter to Editor

Letters to the Editor

Re: 'Be charming to other agents' (July 27)

Dear Editor:

Right on, Alison!

You know, in many cases the "old war horses" are the rudest, and the newest generation of professional agents, those who -- like you -- have come from other careers already used to dealing with the public with a high level of professionalism are setting new standards for agent behavior.

My wife Barbara makes sure to contact each and every agent after she shows their listing with feedback and a thank-you.  more...

Jul

27
2007

Letter to Editor

Letters to the Editor

Re: 'California mortgage defaults hit 10-year high' (July 24)

Dear Editor:

As a mortgage broker in Colorado and California, I have seen both sides of the ups and downs in the real estate markets. California has a long way to go down due to the massive appreciation this past seven years. Denver has dropped from number one to number two in foreclosures. Southern California is just getting started!  more...

Jul

26
2007

Letter to Editor

Letters to the Editor

Re: 'The housing market: How bad will it get?' (July 23)

Dear Editor:

Again, here come the stories and the "experts" to tell us what every practitioner with two grams of brain knows. Same old junk and finger-pointing now is the subprime market and the easy credit and so forth and so on. Horse feathers, folks. It is very simply the market outpricing itself. Period.  more...

Jul

25
2007

Guest Perspective

Second Life makes sense for real estate

Second Life, a graphics-rich online virtual world, has been called stupid, boring, dull, pointless, sad, addictive and simply a waste of time for corporations and individuals alike. But those criticisms from detractors -- in this case Aussies -- haven't dismayed Second Life's fans nor dented its popularity.  more...

Jul

24
2007

Letter to Editor

Letters to the Editor

Re: 'Bernanke: Housing will get worse' (July 20)

Dear Editor:

I just have had two major-branded lenders in my office this week discussing their "subprime product." As they both name them "expanded," maybe for an image reason, one of them still has a 100 percent LTV product.

Even as a mortgage broker, I don't fully agree with the 100 percent LTV philosophy for obvious reasons. However, they are still offered. Close to 100 subprime lenders have fallen by the wayside since spring of this year.  more...

Jul

23
2007

Letter to Editor

Letters to the Editor

Re: 'Home buying's all about compromise in today's market' (July 23)

Dear Editor:

Zillions of sellers everywhere sitting on their porches gazing longingly into the blank national landscape would kill to see a carload of looky-loos even slowing down as they fly by in their SUVs.  more...

Jul

20
2007

Letter to Editor

Letters to the Editor

Re: 'Avoid these real estate deal killers' (July 20)

Dear Editor:

Bernice Ross usually has excellent advice for agents, but today's second part of her pointers for avoiding "deal killers" is the exception. Bernice advises agents to convince buyers that, in a market downturn, it is perfectly acceptable to pay more for a property than its appraised value.  more...

Jul

18
2007

Guest Perspective

Property derivatives made simpler

Until recently, if you thought housing prices were headed for a fall in your market, your only choice was to sell your property or ride it out. With the introduction of property derivatives such as futures contracts traded on the Chicago Mercantile Exchange or OTC-traded options, professional investors can now effectively make bets on the future direction of residential housing prices.

But what about the rest of us who don't work at a hedge fund?  more...

Jul

17
2007

Letter to Editor

Letters to the Editor

Re: 'Another venture-backed startup lands in real estate' (July 17)

Dear Editor:

The layout and functionality of the site is great!  more...

Jul

16
2007

Guest Perspective

Housing not leading economy into recession

The real bears in this market believe housing will lead the economy into recession. Thus far, these bears are wrong. The housing market peaked in June 2005, and two years into the downturn, economic growth is still positive. Unemployment remains very low, at only 4.5 percent, and consumers have started ramping up their credit card debt again.

The rate of increase in credit card debt slowed substantially from 2001 through 2006, as many consumers used mortgage refinancing dollars to fund their spending needs.  more...