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Archive | March 15, 2012

March Madness for Real Estate and Mortgages




It’s the time of year when the so-called experts tell you how to fill out your brackets for college basketball. The frenzy has been coined March Madness. Well, in the mortgage industry, we are seeing a frenzy of headlines, offers of so-called expert advice, and an unusually high level of buzz around real estate and mortgages. Here are some of the things I keep hearing…

  • "The bank bailout settlement is going to allow all the shadow inventory to come to market at lower prices, which is going to drive home prices even lower." Likely true. How much and how fast prices fall will be determined by the speed at which lenders proceed with the foreclosures.
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