KCM Blog

From the category archives:

Foreclosures

Are Modification Programs Actually Working?

August 24, 2010

One of the greatest threats to a housing recovery is the months’ supply of housing inventory available for sale. A normal market would have between 5-6 months inventory. We currently have 8.9 months of inventory and most experts believe that number will increase rather dramatically when the National Association of Realtors’ August Existing Housing Report [...]

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Afraid of Foreclosure? Know Your Options

August 4, 2010

The economy has destroyed the financial stability of many households. More and more families are in fear of losing their home to foreclosure. We feel for these families. Steve Harney, a featured contributor, has shared his own personal story with us in an open letter to this blog where he proclaimed “there is always hope”. We [...]

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Will the Shadow Inventory Ever Come to Light?

July 28, 2010

The big question about shadow inventory is when this backlog of foreclosures will come to market. Prices will not be adversely affected until these distressed properties are actually put up for sale. Only then will they truly be competition to existing homes for sale. It seems that day may be upon us. Much of the [...]

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Are There Over Seven Million Foreclosures Coming?

July 13, 2010

There have been some extraordinary numbers being bantered about when talking about the number of foreclosures that will be coming to market over the next 18 months. Different studies have estimated that number to be between 5-8 million. Let’s take a look at one of these studies today and see how these totals are being [...]

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No Miracles in Modification Program

May 19, 2010

The Home Affordable Modification Program (HAMP) is the administration’s hope for troubled homeowners trying to avoid foreclosure by modifying their current mortgage payments. The original release said the program was: …aimed at helping 3 to 4 million at-risk homeowners – both those who are in default and those who are at imminent risk of default [...]

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The Truth about Foreclosure “Facts”

May 17, 2010

The goal of this blog is to create clarity from the confusion in today’s real estate market. We try to take complicated issues and break them down into simpler pieces, and then try to explain how the pieces fit together. There is no situation more difficult to dissect than the current foreclosure numbers. Yet, understanding this [...]

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Shadow Inventory about to See the Light

April 19, 2010

As I mentioned in a post earlier this month,  5 Keys to a Real Estate Recovery: I believe both the increase of distressed properties and the timing of their release to the market will be the biggest real estate story of 2010 … Anytime the supply of an item increases and demand remains flat, pricing [...]

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A Foreclosure’s Impact on Neighboring Home Values

April 14, 2010

Yesterday, we covered the coming surge of distressed properties that will enter the market in 2010. Today, we will discuss the impact these properties will have on housing values as we proceed throughout the year.  Questions you should be asking yourself are: 1) Do distressed properties sales impact the value of the surrounding homes, 2) [...]

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Foreclosures: Their Impact on Real Estate 2010

April 13, 2010

I firmly believe the foreclosure situation will be the main story line in real estate for the rest of 2010. There will be other key factors (unemployment, government involvement, interest rates, etc.). However, no issue will have the same impact as the tidal wave of distressed properties about to come to market. For purposes of [...]

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The Fed’s Report Card in Real Estate

March 30, 2010

“Alas, all the Fed’s purchases and all the government’s men can’t put the residential real estate market together again.” – from a column by Caroline Baum in Business Week In yesterday’s blog, I covered the reasons the administration’s new modification program could make sense. Today, I want to look at the other side of the [...]

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