May - 13th
Housing Optimists Are “Not Paying Attention” to the Facts, Says Dean Baker
Posted at 12:25 am | Filed Under The Economy, Real Estate
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 - 31st
FDIC closes 9 more banks on Friday
Posted at 1:01 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
The financial system collapse continues. AP via Yahoo Finance reports that:
Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.The banks closed by the Federal Deposit Insurance Corporation were in California, Illinois, Texas and Arizona. They were divisions […]
Oct - 21st
How to Buy a Bank-Owned Home
Posted at 7:22 am | Filed Under Real Estate
Oct - 14th
Where did the Billions in Bank Bailouts Go? - Sand, Dirt, Fines & Ghostowns
Posted at 8:11 am | Filed Under Politics, California Housing Crash, The Economy, Real Estate
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 […]
