Shrinking the McMansion...

Bigbuilderonline.com has posted a great article about the shrinking of the McMansion to a more normal sized. In our super-sized world, where everything that is bigger is better, housing fell victim to the same mentality…it was as simple as well “I can buy a bit bigger, for only a little more...

Toll Brothers Earnings Preview...

Source: BIG BUILDER News Publication date: February 22, 2010 By Teresa Burney It might not be reasonable to expect Toll Brothers to report a profit Wednesday. After all, the builder specializes in the slower to recover upper-end market, and write-downs on its massive land bank have had a significant...

Homebuilders Target Baby Boomers...

Published: Tuesday, 26 Jan 2010 | 9:31 Am By: Diana Olick, CNBC Real Estate Reporter The economic recession and the housing depression will cause many Baby Boomers to push back retirement several years, but that doesn’t mean they’re not still eyeing and buying homes built...

Mortgage Demand Near 6 Month Low...

Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday. Average 30-year mortgage rates jumped 0.10 percentage point to 5.18 percent in the Jan. 1 week, up...

The Truth about Buying Foreclosure'...

The truth is… for every foreclosure that turns out to have been a “great buy” there are hundreds of foreclosures that turn out to be a nightmare for the buyer. The risks involved in buying a foreclosure are extraordinarily high and there is no one protecting you. Once you move into a foreclosure...

Home Prices Show Slight Uptrend...

A recent report from Data Quick confirmed the continued trend in home prices increasing, albeit by $5,000 in the Inland Empire. Nevertheless, they are still in an uptrend, month over month. Over an annual basis, they are still record a significant drop in price. This increased activity and pricing could...

Making Home Affordable… rele…...

Making Home Affordable… released today by Treasury Dept. a program to help troubled borrowers today, http://makinghomeaffordable.gov/

Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...