Stock Market down 20% in one week
I’m not taking that as a vote of confidence in the Wall Street Bailout Financial Market Rescue Bill signed a week ago. More on the Stock Market last week ADDED: This “legendary investor” on CNBC says,...
View ArticleFDIC policy – A good tranche of bad loans considered less risky than actual...
Arnold Kling writes; 1. An FDIC document on the risk weights of different bank assets. The higher the weight, the more capital the bank has to hold against that asset. As I read table 1 and table 3, if...
View ArticleHome construction falls sharply in September
Good News! The building industry is on pace to construct the fewest new homes and apartments this year since the end of World War II. After their crazy overbuilding, this is just what the doctor...
View ArticleThings are tough all over – Zillow cuts staff 25%
Difficult Times, Difficult Decisions The post Things are tough all over – Zillow cuts staff 25% appeared first on Arizona Real Estate Notebook.
View ArticleGroup home controversy in Scottsdale Ranch
This controversy about doubling the size of a residence to create a group home, assisted living center for up to 10 in Scottsdale Ranch brings up a sensitive area for real estate agents. Real estate...
View ArticleHistorical background of the current financial crisis
This article on U.S. financial disasters provides a lot of background on the real estate financing boom and bust that I haven’t seen elsewhere. He ends up blaming the current crisis on greedy...
View ArticleSan Diego housing downturn could be approaching bottom
September home sales data for San Diego show unusually strong sales but prices continue to fall rapidly. The median home price has almost fallen $200,000 from the peak in San Diego. MDA DataQuick...
View ArticleHousing bust stories will continue long after the Phoenix bottom
I’ve been wondering if there was a way to short New York residential real estate. The demise of all of the big 5 investment banks and their astronomical compensation even to mid-level employees will...
View Article“Loan modifications hard to come by”
Several major banks are putting foreclosures on hold while they try to work out loan modifications. I’m not optimistic that it will have much of an impact except to delay some foreclosures, although...
View ArticleJohn Burns on U.S. real estate market in 2013
John Burns Real Estate Consulting works mainly with homebuilders just so you know his natural bias. Investors: Investors and, yes, even flippers will continue to grow in numbers as they realize housing...
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