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Archive | February, 2011

CoreLogic DID NOT Expose a Conspiracy




“CoreLogic Blasts NAR for Overstating Home Sales”

If you looked at this headline from a recent UPI article, you would think that CoreLogic attacked the National Association of Realtors (NAR) for purposely misleading the public regarding the real estate market by misstating the number of annual home sales. Some have mentioned the word 'conspiracy'. Others have suggested a federal investigation. Let's take a more in-depth look at the situation.

Did CoreLogic claim the NAR numbers were inaccurate?

Yes. In CoreLogic's most recent monthly report, which was five pages long, there were two paragraphs addressing the issue:

Although it’s been widely reported that the National Association of Realtors’s (NAR) existing home sales data fell only 5% to 4.9 million in 2010, down from 5.2 million in 2009 and flat relative to 2008, the CoreLogic data indicates otherwise...CoreLogic existing home sales data did not experience an increase in 2009 and that sales fell again slightly in 2010.

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10 Reasons People Decide to Buy a Home




Today, we have a special treat. Ann Douglas of DoorFly.com is our guest blogger explaining why most would prefer to own. Enjoy! - The KCM Crew

Renting is a very frustrating way of life. The money you pay every month disappears, leaving you with few benefits other than a roof over your head. Compared to owning a home, renting is a futile exercise that leaves you with nothing after your lease is up. It’s no surprise that people want to get out of the rent race, and here are 10 reasons why people decide to buy a home versus renting.

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What It Takes To Be A Mortgage Expert




In the choppy seas of mortgage finance, you need someone who can navigate the ever changing product guidelines, interest rate environment, and understands your individual circumstance. These professional mortgage originators are worth their weight in gold. Most people enter the maze of mortgages every five years or so, and the industry has evolved so much that it is barely recognizable (and its evolution continues and is likely to appear vastly different five years from now).

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MERS: A MESS We Should Know About




The greatest hurdle standing in the way of a complete housing recovery is the backlog of distressed properties that must be liquidated. The banks must release these properties to the market in a controlled fashion. If released too quickly, they will crush house values. If released too slowly, the recovery will be further delayed. However, the control of the flow may no longer be in the hands of the banks. The issue is rather complicated. It starts with the formation of Mortgage Electronic Registration Systems (MERS).

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When Did ‘EXPERT’ Become a Dirty Word?




Our founder, Steve Harney, occasionally asks to do a personal post on what he sees as important to our industry. Today is one of those days. Enjoy! - The KCM Crew

The world around me is evolving rapidly. Sometimes I wonder if I can even keep up with all the advances and changes. One big change that seems to have occurred while I wasn’t looking is that it now seems that being an EXPERT is a bad thing. I’m not sure when this happened but I’m really confused. I grew up thinking we should respect people who have become experts in their field: those who have taken the time to truly learn the nuances of their industry.

I’m specifically talking about the real estate industry in this post. Today, it seems that people are upset that agents would consider themselves experts in this field. Why?

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