Thursday Morning Real Estate Reading

Housing Thursday Morning Real Estate Reading

Addressing the Weak Housing Market: Is Principal Reduction the Answer? – Edward DeMarco

Ed DeMarco and the spectre of strategic modifiers – Felix Salmon

I, for one, would be petrified of playing this game, because I would have no faith at all that my mortgage servicer would do the right thing and give me that principal reduction, rather than having its left hand lose lots of paperwork while its right hand started foreclosure proceedings.

Strategic Defaulters vs. Strategic Modifiers - CR

Want an investment property close to Facebook? TOO LATE - Burbed

Michigan Counties Win Big in Fannie, Freddie Lawsuit – Governing.com

Score one for the little guy. Or maybe make that $5 million for the little guy.

A Michigan county has won a lawsuit against Fannie Mae and Freddie Mac in what might be the first – but probably won’t be the last – suit of its kind.

Inspector General Hits Obama Admin’s ‘Hardest Hit’ Housing Program – WSJ

Why Now Is a Good Time to Buy a House – Fiscal Times

Treasury Faulted in Effort to Relieve Homeowners – NY Times

A fund to support homeowners in the communities hit hardest by the collapse of the housing bubble has disbursed just 3 percent of its budget and aided only 30,640 homeowners in the two years since its creation, according to a report released on Thursday by a federal watchdog office.

Misc.

Sony confirms 10,000 job cuts, plans to turn around TV business - Contra Costa Times

48% of Chicken in Small Sample Has E. Coli – NY Times

related:

Peak Meat: U.S. Meat Consumption Falling – Earth Policy Institute

U.S. farmland price boom to slow but not plateau – Reuters

More children born to unmarried parents – USA Today

The percentage of first births to women living with a male partner jumped from 12% in 2002 to 22% in 2006-10 — an 83% increase. The percentage of cohabiting new fathers rose from 18% to 25%. The analysis, by the National Center for Health Statistics, is based on data collected from 2006 to 2010.

“We were a little surprised in such a short time period to see these increases,” says demographer Gladys Martinez, lead author of the report, based on face-to-face interviews with 12,279 women and 10,403 men ages 15-44.

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Greg Fielding

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


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