We don’t really anticipate seeing many foreclosures this year because the banks are beginning to work with their customers to stave them off. This year will see short sales. The Alt-A loans are almost all gone and now what will be coming up are some loans that should affect our market. The people who purchased homes in the mid to late 2000’s and who took out ARMs of 5 or 7 years are going to see them resetting this year. If they reset now, they’ll reset for lower then the original rate for the first year only.

I was watching Nightline last week and they had a segment about real estate agents that re-list homes for sale to make them “fresh listings” in their MLS to fool the general public.  In effect, they are resetting the amount of time a listing has been on the market.  This was a big issue in [...]

Our MLS goes on our weekly Broker’s tours every Tuesday and as usual this past Tuesday we went to an unnamed town to preview one of the new listings there. This house has a lot going for it. I