Rising by over 1 Million, the number of vacant homes has now been marked at 18.6 Million in the United States.

A record 18.6 million U.S. homes stood empty in the first quarter as lenders took possession of a growing number of properties in foreclosure.
The figure is 5.7 percent higher than a year ago, […]

Around town, new home builders tend to raise incentives before dropping price. After all, they report the full sales price, so dropping prices for them is a slippery slope of loss. With incentives, they can give deep “discounts” to buyers, while artificially inflating the price so that their other communities can sell higher.
However, […]

With all the talk about the housing bubble and ways to help fix the situation, it seems that for every solution, two more problems pop up. We saw housing prices fall in the last couple months, but then we hear that the inflation rate in 2007 went up 6.3%, the largest increase in 17 […]

Now, the cynical may ask: in a year when people who bought new homes with great incentives and discounts are now being undercut by the new home builders who sold them their homes… What job was performed? Are Kaufman & Broad Homes (KB Homes) saying that essentially defrauding new home buyers and artificially inflating […]

As more and more homeowners are unable to sell their home, they’re beginning to face hard choices. Face foreclosure? Short sale? Completely abandon the home all together?
Well, in a sad twist, there’s now another option: Go To Jail.

I just got a call from my brother a few hours ago, from jail. […]