Tag archives for Housing Industry

San Jose Real Estate Agent Closes Offices in 2004, Now Saying “I Told You So”

After Michael Blomquist, a San Jose real estate agent, shut down his offices in January 2004 because he was unwilling to participate in “felony mortgage fraud,” he devoted the majority of his time and resources to expose “a criminal conspiracy to turn the housing market into a giant Ponzi scheme.” Now, at least he gets to say “I told you Read full article »

Rumor Mill: Is GMAC Stalling All Foreclosures?

Earlier this week, we reported on the GMAC/Ally “Robo-signer” who allegedly signed off on tens of thousands of inappropriate and even illegal foreclosures. In Connecticut, the state attorney general has already demanded that the lender freeze all foreclosures in the state pending his investigation, and similar moves in other states have sent rumors spiraling across the real estate investing market Read full article »

Owning is Cheaper than Renting?

While the news is certainly not all good, based on John Burns Real Estate Consulting’s (JBRC) latest “report card” for the housing industry, released this week by the consulting firm that grades various aspects of the housing market and industry each month, the low grades spell great news for renters who are in a position to buy. “Affordability is so good Read full article »

Housing industry welcomes homebuyer tax creditReal Estate News

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Garn-St. Germain Depository Institutions Act of 1982

At some point, you'll probably get curious about the Garn-St. Germain Depository Institutions Act of 1982 because it's the law that has a lot of very direct effect on real estate investors and our ability to perform subject-to transactions. It's also one of the primary reasons that "land trusts" became popular with investors. So to answer the question Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.