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The housing bill, duh

A clear reason why the American public gives Congress an approval rating currently estimated to be 9% can be found in the housing bill recently passed. Does anyone really think there is anything of value here other than shareholders and bondholders of
Posted by Howard Arnoff | 2 Comments
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Sign of the L at Wachovia

The big W from Charlotte posted the big L today reporting a whopping record loss of $8.9 Billion, more than the bank ever earned in a year. Most of the problems and losses at Wachovia were attributed to the purchase of Golden West Financial two years
Posted by Howard Arnoff | 0 Comments

Charleston real estate market report, Unit sales May 2008

Unit sales are very interesting to report this month, not because very much has changed since sales are generally at lower levels than previous years. But there is one classification in the Charleston real estate market where sales increased and not by

Another famous foreclosure

I mentioned the sad story of Ed McMahon the other day and now comes news that Evander Holyfield is in a bit of a financial mess. Not only has he missed 2 child support payments (for 1 of his 11 children) but his $10 million estate on 235 acres outside
Posted by Howard Arnoff | 6 Comments
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House raffles

I wrote a post about house raffles about a month ago and now there is additional information on How To Raffle Your House from Douglas Heddings at True Gotham. Donating proceeds over and above the value of your house to good charitable cause is the key
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Ummel's lose lawsuit against real estate agent

Out in San Diego, Vern and Marty Ummel sued their real estate agent because they felt they overpaid for their home a couple of years ago. They said that "similar" homes sold for less and their agent withheld the information from them. The jury

Bank response to short sales - slow might be too kind a word

I've written about short sales before and opined they are a waste of time for buyers to pursue. Don't confuse buying a short sale with a foreclosure which is actually lender owned property (REO) that can generally get done. An article by Reuters

Dumb and Dumber

I never saw the movie but I always loved the phrase. Click here to read about Congress in action on mortgage, real estate and other relief packages at Yahoo!
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Who is really represented in dual agency

... neither buyer or seller. Jim Duncan, writing at VARbuzz asks, is dual agency in the public's best interests? "One of the primary values a Realtor brings to a transaction is representation - representation of his client’s best interests.

rssHugger, a new blog directory

With a hat tip to Jay Thompson , the Phoenix real estate guy who Google just ranked number 5 when searching real estate agents with no life , I found rssHugger , a new blog directory. I was almost afraid to click the search for fear that I made page one
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If you are looking for real estate advice

... check your sources. More craziness at MarketWatch as the spring real estate season is beginning (although my wife is on business in the Northeast and tells me that it's cold up there while Charleston is basking in the 60's and 70's this
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Reuters housing summit

Jonathan Miller at Matrix was one of many participants at the Reuters housing summit and provides some great links. Good stuff.
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Who pays the buyers agent

Because I'm sometimes a little "wordy" Jonathan Dalton answers the question for you, "Who pays the buyers agent".
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Presidential candidate's current homes

It's Super Tuesday and I saw an interesting article at MarketWatch about the current homes of the Presidential candidates. Of course, they all want to make their home in the White House beginning next January 20th. So where do they currently live.
Posted by Howard Arnoff | 1 Comments

The all-Ummel Odysseus Medals, January 28

The All – Ummel Odysseus Medals are now at the Bloodhound Blog . Top honors this week goes to Glenn Kelman at the Redfin Corporate Blog for his outstanding take on the story, “ 114 Pounds of Absolute Perserverance”. Jay Thompson, The
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