Dec - 2nd
The housing crash will continue
Posted at 6:09 pm | Filed Under Credit, Credit Crunch, Bailout News, Real Estate
At least that is what Mark Zandi says. According to Reuters:
NEW YORK (Reuters) - The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.
“This lull in foreclosures sales has resulted in the price […]
Oct - 12th
Massive Defaults Coming in Real Estate - 30% - 50% Reductions
Posted at 10:09 am | Filed Under Credit Crunch, Politics, California Housing Crash, The Economy, Real Estate
Oct - 11th
Hyperinflation Nation Part 3/3
Posted at 10:07 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Oct - 10th
Hyperinflation Nation Part 2/3
Posted at 2:06 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Oct - 9th
Hyperinflation Nation Part 1/3
Posted at 2:06 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Oct - 6th
2010 will bring problems for the US Economy
Posted at 5:12 pm | Filed Under Credit, Credit Crunch, The Economy, Real Estate
That’s basically what Pimco’s Mohamed El-Erian told CNBC Tuesday.
“We think that the second half of 2009 will be turbo charged by the stimulus and there will be a hand off to the consumer and that’s what you want,” El-Erian said. “But it’s going to be challenging. We worry that 2010 is going to have […]
Oct - 1st
Hyperinflation? Back to the 70s?
Posted at 11:32 am | Filed Under Credit Crunch, The Economy, Real Estate
That is what Jim Rogers said on CNBC:
The US faces high inflation because of the weak dollar and the Federal Reserve’s policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday.
“There’s no question the US is vulnerable to hyperinflation down the road or certainly the inflation we […]
Aug - 26th
The next “leg down” for the housing market
Posted at 4:59 pm | Filed Under Credit Crunch, California Housing Crash, Florida Housing Crash, Real Estate
If you think the housing market is recovering, you are probably wrong. According to the NY Times:
First American CoreLogic anticipates 600,000 option ARMS to reset within four years.
Option ARMs, which lenders stopped offering last year, gave borrowers four payment options: less than the interest, which increases the balance every month; just the interest; the equivalent […]
Jul - 30th
The next wave of foreclosures
Posted at 3:32 pm | Filed Under Politics, Credit Crunch, Bailout News, California Housing Crash, The Economy, Florida Housing Crash, Real Estate
Excellent report on CNNMoney:
Cities in just four states — California, Florida, Arizona and Nevada — captured 29 of the top 30 places with the highest foreclosure rates, according to a report issued by RealtyTrac on Thursday. Greeley, Colo., was the only outsider, coming in at 29th.
Many cities with populations larger than one million experienced rapid […]
Jul - 28th
Ben Bernanke on PBS - Part Three
Posted at 11:21 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
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