Jul - 24th

The housing crash continues - Existing home sales down in June

Posted at 10:06 am | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, The Economy, Real Estate

The National Association of Realtors reported more horrible news for the housing market in the US. Here are the highlights:
Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 2.6 percent to a seasonally adjusted annual rate1 of 4.86 million units in June from a pace of 4.99 million in May, and are […]

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Jul - 21st

Senator Christopher Dodd got V.I.P loan from Countrywide

Posted at 10:24 am | Filed Under Bailout News, Mortgages, The Economy, Real Estate

Just in case you don’t know, Senator Christopher Dodd is the main guy in the Senate pushing for the new housing bill which will bail out irresponsible homeowners as well as the mortgage companies like Contrywide. Dodd is the guy who is supposed to help the homeowner and instead, he is helping the same people […]

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Jul - 18th

Who do you believe? Bush or Bernanke?

Posted at 1:43 pm | Filed Under Mortgages, The Economy, Real Estate


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Jul - 18th

Home construction down, foreclosures up

Posted at 10:27 am | Filed Under Mortgages, The Economy, Real Estate


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Jul - 18th

High-end home auctions

Posted at 10:25 am | Filed Under Mortgages, The Economy, Real Estate


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Jul - 17th

Behind the closed doors of evicted homes

Posted at 11:15 am | Filed Under Mortgages, The Economy, Real Estate


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Jul - 17th

Housing bailout won’t do much to stop home price declines

Posted at 10:56 am | Filed Under Bailout News, Mortgages, The Economy, Real Estate

Although I oppose the housing bill currently being discussed in Congress, I still believe that it won’t help much to stop the inevitable decline in home prices and other people agree with me. According to MSNBC:
After a year of debate, Congress appears close to passing a bill intended to stem the rising tide of home […]

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Jul - 16th

Southern California home prices keep going down

Posted at 2:29 pm | Filed Under California Housing Crash, Mortgages, The Economy, Real Estate

The pain for homeowners in Southern California continues. According to AP via Yahoo Finance:
Southern California home prices drop 29.3 percent in June from last year
SAN DIEGO (AP) — Southern California home prices plunged 29.3 percent in June compared to a year ago, a research firm said Wednesday.
DataQuick Information Systems said the median price for new […]

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Jul - 11th

Phil Gramm: it is just a “mental” recession

Posted at 9:35 pm | Filed Under The Economy, Real Estate


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Jul - 11th

The collapse of Fannie Mae and Freddie Mac

Posted at 12:48 pm | Filed Under Bailout News, The Economy, Real Estate


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