Weekly News Roundup
A bit of point-counterpoint in today’s articles. Despite the record number of homes going into foreclosure and needing to be sold, desperate people are not asking realtors to cut their commissions to help soften the bottom line, they appear to be giving them a bigger chunk of the sale, according to two articles. Then there is the bad news of falling home prices, as well as one article that say Bay Area prices won’t fall, and then another article with charts and graphs showing the fall. Inman News is reporting on lenders trying to do the right thing, and Congress appears to be trying to help the little guy (or regulate an out-of-control lending industry) in an article on the SF Chron.
Real Estate Commissions Rise, Les Christie, CNNMoney.com 10/31/07 One of the scariest reports to come out on Halloween.
Want To Sell Faster? Try Paying Real Estate Agent More, James Thorner, St. Petersburg Times (via SFGate) 10/28/07 Two articles in the same week on higher RE commissions? Will it drive Redfin out of business????
Congress Rushes To Aid Beleaguered Homeowners, Buyers Kenneth Harney, SF Chronicle 10/28/07
Panel Sees Further Fall In California Home Prices, Los Angeles Times (via SJ Mercury News) 10/30/07 Report on the fate of housing prices in our fair state
Record California Foreclosure Activity, DataQuick News 10/26/07 Facts and numbers, including county by county comparison.
Why “California Bay Area Home Price” Will Never Fall, Burbed.com 10/27/07
August S&P/Case-Shiller HPI: San Francisco, Socketsite.com 10/30/07 Graph and chart comparison on SF sales history
Can I Modify That Loan For You? Inman News 11/1/07
Thought Provoking, Sweet Digs 10/29/07 Real estate crisis factoids with a link to a report by Alexis Glick of Fox Business News
Recent Sweet Digs Bay Area Posts:
5 Acres, 4 Bedrooms and 2 Baths – $899K in Aptos
Berkeley: Sellers Put Their Creative Hats On
Novato in November – New Listings
Neighborhood Notes: Glendale Village, San Mateo
Desperate Measures For Desperate Times
