David Saks: April 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

If Ignorance Is Bliss Stupidity Must Be a Virtue

There are lots of depressed real estate markets in America.  Don't deny it.  

Millions are expected to receive new foreclosure notices.

 

Lot's of pay-option ARM's still exist.

There's little confidence in the secondary market and banks have to find creative ways to attract borrowers with low rates with a bunch of phony cheerleading and fake enthusiasm, along with cyber-hoolagansims, and billions of bits of object linking and embedding leading to fraudulent misrepresentations about housing revovery.

 

SAAR's (seasonally adjusted annual rates) from NAR suggest a boost in the economy with higher numbers for conventional sales.

 

 

Is Lawrence Yun's crystal ball cracked ?   

 

      Even though conventional sales are on the rise distressed sales numbers are declining, and so are the total sales numbers.

 

 

Who can you believe ? 




David Saks



Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • April 01 2013 09:50AM
If Ignorance Is Bliss Stupidity Must Be a Virtue
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There are lots of depressed real estate markets in America. Don't deny it. Millions are expected to receive new foreclosure notices. Lot's of pay-option ARM's still exist. There's little… more
Real Estate Practice : Lesson 2120
share
#2120 A contract is considered to be a void contract if it can't be enforced because of a statute of limitations. Is this true or false Take your time. The solution is posted… more
Real Estate Practice : Lesson 2119
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#2119 An investor bought two lots for 40 thousand dollars each. He decided to divide the parcel into three lots and then sold each parcel for 30 thousand dollars. (A. ) How… more
Real Estate Practice : Lesson 2118
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#2118 When we speak of the statute of frauds we're talking about a law which requires that all contracts must contain a provision for habendum clause Is this true or false … more
Real Estate Practice : Lesson 2117
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#2117 A contract can be discharged terminated and cancelled if it is breached by any party to the contract, and any liability for the contract is also terminanted. Is this true or false… more
Real Estate Practice : Lesson 2116
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#2116 If a clause is included in a contract that will award five thousand dollars to one party if the other part breaches the contract, and the party receiving the five thousand dollars… more
Real Estate Practice : Lesson 2115
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#2115 Special assessment taxes are transfer taxes imposed at closing and affect the transfer of deed, are mandated by the state, and derive revenue from real property sales. Is… more
Real Estate Practice : Lesson 2114
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#2114 In order to obtain a nonconforming use permit a property owner has to demonstrate to the zoning commission that denial of the use the property currently supports would create a… more
Real Estate Practice : Lesson 2113
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#2113 If the owner of a property believes that their property was unfairly or improperly zoned by their zoning commission the owner should apply for a conditional use permit. Is… more
Real Estate Practice : Lesson 2112
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#2112 When new zoning ordinances become law and become effective nonconfroming uses are only allowed a period of 90 days to become compliant with the new ordinances and will not be… more