Jun - 3rd
Whatever happened to the Toxic Assets Plan?
Posted at 5:32 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Wasn’t that the reason Hank Paulson pushed to pass the first 700 billion bailout plan last year?
Well, apparently the FDIC gave up on that idea. According to CNNMoney:
The Federal Deposit Insurance Corp. said Wednesday it has postponed the initial sale of bank assets under its Legacy Loans Program, or LLP. The FDIC said it wasn’t […]
May - 27th
Home prices in the West collapse 21.8% in one year
Posted at 10:06 am | Filed Under California Housing Crash, Florida Housing Crash, Real Estate
The Realtors just reported that
Existing-home sales in the West rose 3.5 percent to an annual rate of 1.17 million in April and are 19.4 percent higher than a year ago. The median price in the West was $222,600, down 21.8 percent from April 2008.
Total housing inventory at the end of April rose 8.8 percent to […]
May - 27th
Website directs squatters to empty homes
Posted at 7:43 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More signs of the crashing housing market.
Visit msnbc.com for Breaking News, World News, and News about the Economy
May - 26th
S&P/Case-Shiller Index - Home prices fall by record 19.1%
Posted at 11:39 pm | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Visit msnbc.com for Breaking News, World News, and News about the Economy
May - 26th
No bottom in housing - Home prices will continue to fall
Posted at 1:37 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Excellent article on the San Francisco Chronicle web site.
On the demand side, the surge in joblessness, still-high home prices, the credit crunch and a dearth of move-up buyers cut into the pool of potential home buyers.
On the supply side, an assortment of factors seems poised to trigger new waves of foreclosures that will continue to […]
May - 26th
A new wave of foreclosures is coming
Posted at 1:24 pm | Filed Under Credit Crunch, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This from CNBC:
As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures.
“We’re about to have a big problem,” said Morris A. Davis, a real estate expert at the University of Wisconsin. “Foreclosures were bad last year? It’s going to get worse.”
Economists […]
May - 26th
S&Ps/Case-Shiller Home Price Index: More Bad News
Posted at 10:05 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Home prices keep going down and according to the CNBC:
The U.S. housing market is in the worst downturn since the Great Depression as a huge supply of unsold homes, tighter lending standards and record foreclosures push down prices.
The S&P/Case-Shiller U.S. National Home Price Index continues to set record declines, a trend that began in late […]
May - 25th
New Wave of Foreclosures about to hit the Housing Market
Posted at 1:28 pm | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
We have been telling you this for some time. The next wave of foreclosures is about to hit the housing market in the next few months and it is going to be ugly. CNBC reports the following:
“We’re about to have a big problem,” said Morris A. Davis, a real estate expert at the University of […]
May - 19th
Even the Rich are suffering these days
Posted at 11:24 am | Filed Under Bailout News, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
We have been saying this for a long time. Rich people are the last ones to suffer a recession but they are not immune to it. It has taken a little long but the rich are finally joining the rest of the country. According to the Wall Street Journal:
Fire-sale auctions of mansions, yachts, sports cars […]
May - 17th
What’s your American Dream?
Posted at 3:03 am | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
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