October 2007
Housing by Charles Feldman | October 31, 2007Disturbing news this week from the pages of the Los Angeles Times–it appears as if no lessons have been learned from the mortgage/credit crisis the U.S. (the world??) finds itself in. According to the paper, there is a virtual “blizzard” of advertising aimed at homeowners to induce them to refinance. And, while these ads are [...]
Commentary by Joshua Dorkin | October 31, 2007Kiss those stodgy old companies goodbye . . . I just saw something that blew my mind a bit and I thought I’d share. Below is a list of the largest US Companies By Market Capitalization. Other than seeing that there is now a beast of a business with a whopping half-trillion dollar market-cap (Exxon [...]
Commentary by Joshua Dorkin | October 30, 2007Looks like the news continues to get worse . . . I wonder what silver lining the Administration is going to spin this time? U.S. home prices fell nationwide in August for the eighth consecutive month, offering little hope of a turnaround anytime soon, according to the S&P/Case-Shiller index released Tuesday. Things could get worse, [...]
Commentary by Richard Warren | October 30, 2007The current state of the real estate market has far reaching effects. A homeowner with an adjustable rate mortgage sees his payment go up several hundred dollars but he tightens his belt and is still able to make the payments. He cuts out as much discretionary spending as possible, he doesn’t eat out as often, [...]
Real Estate Law by Joshua M. Marks, Esq. | October 29, 2007From the concrete streets of metropolitan cities to the sprawling suburbs in most areas around the country, new construction is present in the form of townhouses, condominiums, single homes and the ever-so-popular “over-55 communities.” While many of these properties are esthetically impressive complete with over-sized family rooms, open kitchen areas, and every upgrade/option imaginable, there [...]
Foreclosures by Jim Watkins | October 27, 2007The Attorney General for the State of Texas has issued numerous public warnings to homeowners facing foreclosure. The warning is simple really… “Do not sign the title to your house away to anyone claiming they can help.” Those warnings hit me pretty good since a large portion of my business involves homeowners in pre-foreclosure. It [...]
Economy by Joshua Dorkin | October 26, 2007Mortgage Meltdown Countrywide Rises Despite Loss Countrywide Financial swung to a huge loss during its third-quarter, but investors were just glad that it wasn’t worse . . . Countrywide and other lenders are reeling as borrowers default on their loans at higher rates. The spiking defaults have forced Countrywide to lay off thousands of employees [...]
Real Estate Resources by Joshua Dorkin | October 26, 2007CashflowandEquity.com is the website of Cornerstone Investment Group, a company that has gained recognition for its specialty–offering turn-key properties to real estate investors. Simply put, this investment company promises to ease the “headaches of being a landlord.” No simple task, but the company says it can do this by providing properties that are “renovated,rented and [...]
Economy by Charles Feldman | October 25, 2007“I’m melting,” said the Wicked Witch after being doused with water in the land of Oz. Well folks, looks like the economy is melting having been doused with a hefty dose of reality. A new report today by the Joint Economic Committee of Congress, says the New York Times, is predicting some two MILLION foreclosures [...]
Housing by Joshua Dorkin | October 24, 2007Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years. The National Association of Realtors reported Wednesday that sales of existing homes fell 8 percent in September, the largest decline to show up in records [...]
Real Estate by Charles Feldman | October 24, 2007No shortage of real estate billionaires in America. Nope. The recent Forbes 400 list is chock full of them and they seem pretty much immune to the current housing/mortgage/credit crisis. Forbes points out that Donald Trump has made out big time by buying up hotels and mega apartment complexes — so much so, says Forbes, [...]
Learn Real Estate by Richard Warren | October 23, 2007In more than 15 years in the financial services industry I worked with many different investment theories and with almost as many different kinds of investors. Some were extremely conservative and would only invest in bonds or CDs while others were aggressive speculators dabbling in various options strategies or betting on the futures market. There [...]
Real Estate Law by Joshua M. Marks, Esq. | October 22, 2007Background of Property Disclosure Laws In the wake of the consumer-rights movement and the increasing influence of realtor organizations around the country, many states began to draft and implement property disclosure laws in the 1980’s that were designed to protect buyers of residential properties. The goal was to protect uninformed and inexperienced buyers in an [...]
by Joshua Dorkin | October 21, 2007Looking Ahead . . . Home Sales May Fall, Durable Orders Rise: U.S. Economy Preview – The real-estate recession will worsen as stricter lending rules and higher mortgage rates make it more difficult for potential buyers to get financing. The economy will avoid recession as businesses, led by growing demand from overseas, continue to invest [...]
Economy by Joshua Dorkin | October 18, 2007I’m a bit short on time today, so I’ll share with you a few of the headlines that stand out to me regarding the economy and housing . . . How Housing is Affecting the Economy Dollar Drops to All-Time Low Against Euro on Weak Economic News From Washington – “The dollar fell to a [...]
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Halloween Sign of the Times: Half-Trillion Dollar Beasts and Google Monsters
by Joshua Dorkin | October 31, 2007Kiss those stodgy old companies goodbye . . . I just saw something that blew my mind a bit and I thought I’d share. Below is a list of the largest US Companies By Market Capitalization. Other than seeing that there is now a beast of a business with a whopping half-trillion dollar market-cap (Exxon [...]