Richard 's Blog

Well I am thrilled to say that Ike is gone and is no more.  He hit Southwest La like a frieght train.  My neighbors and I thought we would all end up with water in our homes.  Thank the good Lord we didn't but 5 inchs more and I would have gotten water in our home.  This is the 3rd storm I have "...

ok I have come up with a website that has been a real hit so far.  Not saying my Realtor friends are thrilled about it but its really a way for them to farm as well.  Its a simple process.  We call folks that have there house listed in the paper and offer to put in on our website at no cost.  You...

Fannie Mae admits it may need fresh capital  Ok you heard it (read it) here first.... The govt may have to take over fannie Mae?  It is a little closer that you might think.  These guys are out of capital and they are really concerned about 2009.  Yes I have heard the economy is doing better but ...

There is aleady a backlash over the Housing Bill So the ink is not even close to being dry on the 2008 housing bill when the first critical backlashes began circulating in Washington. Some doubts about whether HUD will be able to complete the operating rules and regulations for the centerpiece of...

Below are parts of the bill that congress is considering as we speak.  If your like me have got to be wondering when if ever will the govt STOP getting into every part of our lives.  When you read the details you may think that our govt is going into the venture capital business.  They will actua...

Well could it be?  Are price really going to drop to $3.00 a gallon?  Most importantly are we going to get excited about it?  This time last year if someone had told you gas would be $3.00 per gallon you would have bet the farm they would be wrong.  Now look at us.... Actually ecited that gas may...

Who can give me some pointers?  I own 12 rentals now but have squired them through foreclosures.  I have never bought a house that I intended to use as a rental.  Most of the ones I am looking at now require some TLC (as the listing agents always points out)  How do you go about hiring someone to...

After reading some comments made by folks on the Mortgage Bankers Association website I couldn't help but comment.  Some folks believe that the taxpayers are bailing out Freddie Mac and Fannie Mae.  This is just not the case.  In fact, the Treasury plan is simply a backstop to help restore confi...

We got some great news this morning..... U.S. Economy: Goods Orders Gain, Home Sales Exceed Forecasts If you read Bloomburg we got you will see that orders for U.S. durable goods unexpectedly rose in June, and sales of new homes were higher than forecast, easing concern that the economic slowdown...

Just as a "perfect storm" of various economic factors - the subprime mortgage crisis, weakening dollar, and rising inflation at a time when housing prices plummeted from their peak - contributed to the current housing outlook, another set of dynamics is now creating an upside for buyers. While mo...