Economic News
Home values continue sliding, silver lining is rising rents
The values of homes continue to fall, rents continue to rise, with performance varying nationally. Zillow’s new reporting points out the silver lining in the housing market.

Economic News
Is the real estate industry endorsing Carson’s nomination to HUD?
(BUSINESS NEWS) Ben Carson’s initial appointment to HUD was controversial given his lack of experience in housing, but what is the pulse now?
Economic News
Job openings hit 14-year high, signaling economic improvement
The volume of job openings is improving, but not across all industries. The overall economy is improving, but not evenly across all career paths.
Economic News
Gas prices are down, so are gas taxes about to go up?
Do low gas prices mean higher gas taxes are on the way? Budgeting for 2015 just got a bit more complicated, if some politicians have their way.
-
Opinion Editorials1 week ago
Declutter your quarantine workspace (and brain)
-
Opinion Editorials2 weeks ago
Minimalism doesn’t have to happen overnight
-
Business News3 days ago
Everyone should have an interview escape plan
-
Opinion Editorials1 week ago
Online dating is evolving and maybe networking will too
-
Business Entrepreneur4 days ago
Small businesses must go digital to survive (and thrive)
-
Tech News3 days ago
How to personalize your site for every visitor without learning code
-
Tech News2 weeks ago
4 ways startups prove their investment in upcoming technology trends
-
Business News2 days ago
You should apply to be on a board – why and how
Sheila Rasak
March 13, 2012 at 7:12 pm
I used to think it absurd that the rents were going up as people were losing their homes. This article puts everything back into perspective for me as I realize that this will help promote buyer activity on a national level.
Locally, I’m still finding and working with more buyers than sellers as a result of the homeowner not knowing what to do before the ax comes down and losing their homes to foreclosure. Ventura County, California needs more properties on the market as our buyers are there, writing on what inventory we have, and creating multiple offer situations.
We have so much underwater property here in areas like Camarillo, Ventura, Oxnard, Thousand Oaks, and Newbury Park, California and plenty of buyer activity if the homeowner is willing to move toward recovery.
Mr. & Mrs. Homeowner, short sale your home today. Do not wait for your lender to deny your modification when your numbers clearly don’t add up. The banks are sending out default notices at an alarming rate and you may not even know you have one if you’ve modified or refinanced your loan (quite often the intent of notification of default is erased once you’ve renegotiated your loan).
Climbing down from my soapbox…
bficker
March 13, 2012 at 9:23 pm
Amen! It is really disheartening the number of calls I get from (former) homeowners who ask, “Now that my house has foreclosed, what are my options?.” Most of them thought that the loan mod was going to go through and save them. Hint: They almost never do…
Greg Cook
March 14, 2012 at 5:08 pm
I’m a little unclear, neighborhoods with more rental units will do better than those without?
Renters always pay their rent, right? So values will stabilize in neighborhoods where tenants don’t pay and don’t maintain the home?
We need families who live in homes, that can and will make their payments, that will stabilize values.