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 […]
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 […]
Jul - 18th
Who do you believe? Bush or Bernanke?
Posted at 1:43 pm | Filed Under Mortgages, The Economy, Real Estate
Jul - 18th
Home construction down, foreclosures up
Posted at 10:27 am | Filed Under Mortgages, The Economy, Real Estate
Jul - 18th
High-end home auctions
Posted at 10:25 am | Filed Under Mortgages, The Economy, Real Estate
Jul - 17th
Behind the closed doors of evicted homes
Posted at 11:15 am | Filed Under Mortgages, The Economy, Real Estate
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 […]
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 […]
Jul - 11th
Phil Gramm: it is just a “mental” recession
Posted at 9:35 pm | Filed Under The Economy, Real Estate
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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