“You can’t buy a home that’s not for sale.”

 

Mitch Roschelle, partner at PricewaterhouseCooper, which focuses on audit and assurance, tax and consulting services, posted on Twitter “Like I have been saying – you can’t buy a home that’s not for sale.”

But despite the low pending home sales report, another expert disagrees with that notion, claiming the upcoming Spring home buying season will be hotter than ever.

“Based on realtor.com’s inventory and traffic in February, we are anticipating another month of record prices, record low inventory, and record inventory movement,” company Chief Economist Jonathan Smoke said. “Buyers have started the spring buying season early to get their dream home before competition grows in the traditionally stronger spring season – but competition is already heated and will only continue to become more intense.”

SOURCE: Housing Wire

Completed Foreclosures Drop 40% – Lowest Level Since August 2007

Completed foreclosures decreased 40% in December, according to the December 2016 National Foreclosure Report released by CoreLogic, a property information, analytics and data-enabled solutions provider.

Completed foreclosure dropped from 36,000 in December 2015 to 21,000 in December 2016. And foreclosure inventory also dropped significantly by 30% annually, according to the report.

http://www.housingwire.com/articles/39211-completed-foreclosures-drop-40-in-december

Large Landlord Sues AirBnb

“One of the largest apartment landlords in the U.S., Apartment Investment & Management, filed a civil lawsuit against Airbnb, a short-term rental app.

The suit, filed in California and Florida, alleges that Airbnb is encouraging tenants to violate their leases by renting out units on the site, creating unsafe conditions for other tenants, according to an article by Laura Kusisto and Greg Bensinger for The Wall Street Journal.”

http://www.housingwire.com/articles/39264-apartment-landlord-sues-airbnb-for-encouraging-tenants-to-break-lease