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Housing

Housing

Has The Housing Bubble Burst Completely?

by Peter Giardini | November 4, 2009

The funny thing about bubbles is that sooner or later they burst.  Once again I get to be the master of understatement.  What fun!
After having survived these past 2+ years as each of us has watched the housing bubble burst in most parts of the country and deflate everywhere else, we are being told that [...]

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Real Estate Investing

“Doom and Gloom” Media Good For Real Estate Investors

by Rob K. Blake | August 31, 2008

The media reports of late are all “doom and gloom” focusing on foreclosure numbers, price declines, and inventory levels. One might start believing real estate as an investment class is a bad pick and could stay that way for a long time.
Don’t believe it for a second…but before I make my case, [...]

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BiggerPockets News

On the Brink of Rebellion: National Priorities and the Housing Crisis

by Tom Koziol | August 8, 2008

A friend of mine sent me to this website: National Priorities Project
The headline on the page reads:
National Priorities Project analyzes and clarifies federal data so that people can understand and influence how their tax dollars are spent.
There is a link titled Affordable Housing Units on the page that tells you how many affordable housing [...]

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Commentary

The Mortgage Crisis: Watch Out For The BIG Wave

by Charles Feldman | August 5, 2008

It’s NOT over yet! In fact, it may have only just begun?

We have already seen the economic destruction wrought by the so-called sub-prime mortgage crisis, as foreclosures escalated in many parts of the country, contributing greatly to putting the credit market in a tailspin from which it has yet to recover and may not for [...]

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Blogs

Is Las Vegas Real Estate Showing Signs Of Life?

by Richard Warren | May 26, 2008

The real estate agent seems to be the eternal optimist. In the middle of the credit crunch, foreclosure crisis and general market malaise, he or she will be smiling broadly and proclaiming that this is a great time to buy. You could almost picture the agent showing a property that had been devastated by an [...]

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Blogs

Brave New (Real Estate) World

by Richard Warren | April 14, 2008

When we the real estate market return to normal? When will things go back up? When will I be able to get $0 down loans again? How long will it be before I am able to get a loan I can’t afford? When will I be able to go back to flipping my way to [...]

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Commentary

Renters Driven From Foreclosed Homes; While Cars Sales Skid

by Charles Feldman | November 21, 2007

You’d have to be freaking Mary Poppins to be optimistic about the economy and would need a whole lot more than a spoon full of sugar to help the medicine go down: You’d have to swallow all of Cuba’s sugar fields.

And, what is the cause of our economic woes? That’s right. The housing/mortgage/credit crisis which [...]

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Commentary

UFO’s And The Great American Mortgage Disaster

by Charles Feldman | November 14, 2007

Sightings of UFOs, as in Unidentified Flying Objects, are on the rise…so much so that an international panel got together this week in Washington to urge that the U.S. government reopen Project Blue Book which was an Air Force project to investigate UFOs from 1947 to 1969. The panel included some two dozen former pilots [...]

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Commentary

We’re On The Eve Of Destruction: US Mortgage Crisis Ignites

by Charles Feldman | November 7, 2007

“…but you tell me over and over and over again my friend, ah, you don’t believe we’re on the eve of destruction?”
It was back in 1965 when P.F. Sloan’s “Eve of Destruction” was recorded. And, while it was about the Vietnam war, which was gearing up, and the Cold War, which was years away from [...]

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Housing

Refinance pitches: Lessons Not Yet Learned

by Charles Feldman | October 31, 2007

Disturbing 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 not [...]

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Housing

Breaking News: Existing Home Sales Fall by Largest Amount Ever!

by Joshua Dorkin | October 24, 2007

Sales 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 [...]

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Economy

How the Housing Crisis is Affecting Lenders and the Economy as a Whole

by Joshua Dorkin | October 18, 2007

I’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 new low [...]

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Commentary

Treasury Secretary Awakens From Coma: Finally Realizes Housing Bubble Exists

by Charles Feldman | October 17, 2007

Well,it took long enough.
Henry Paulson Jr. — that would be the U.S. Secretary of the Treasury — admitted that the housing/credit/confidence crush (HCCC for short) is a hell of a lot worse that he ever imagined (clearly the Secretary does not exactly have a fertile imagination!) and, . . . now this is the best [...]

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Commentary

When Lenders Mess Up, Everyone Suffers!

by Jim Watkins | October 5, 2007

The days of the “Fogamir” mortgages are gone. Surely you remember the Fogamir?
“Yes Sir! We can give you a mortgage. If you would just take this application and rather than fill it out, could you breathe heavy onto that reflective square at the bottom?” If it fogged up, you got the mortgage.
It was [...]

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Housing

Housing Crisis Quote of the Day from Alan Greenspan

by Joshua Dorkin | September 21, 2007

Alan Greenspan revealed more about his thoughts on the Housing Crisis in Vienna, Austria today:
“So far, prices have dropped only slightly. But it was enough to cause alarm around the world,” he said. “Prices are going to fall much lower yet.”
“There is no doubt about the fact that low interest rates for long-term government bonds [...]

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