Shadow Inventory

Shadow inventory sounds sinister, and it certainly may feel that way if your own home is involved. Shadow inventory refers to residential properties that are often distressed or in foreclosure that are likely to enter the real estate market but are not currently...
Stop Doing This at Showings. Seriously.

Stop Doing This at Showings. Seriously.

Can you spot the major mistake made by a real estate agent and their buyer in the following interaction? Agent: “This porch seems to be in surprisingly good condition, and I love the color of the front door” (gestures at the eggplant-colored door in front...
Did Home Prices Ever Make Sense?

Did Home Prices Ever Make Sense?

Why are we all pretending that the real estate market is supposed to make sense? For years, I’ve been reading articles describing the national housing market as “weird,” articles with titles like “Weirdest Housing Market in Recent...

Soft Second Loan

A soft second loan is a second mortgage used to help a homebuyer cover the down payment, closing costs, or part of the purchase price. It is called “soft” not because it is physically squishy, of course, but because it is very flexible; the repayment terms...