oil

Gas Prices Alter Housing Values

by Anwell Tsai | December 18, 2008

Perhaps the biggest challenge facing the Obama administration is implementing a new energy program. As gas prices rocketed skyward 6 months ago, calls for energy reform were rampant. As the economy slides further into a recession, focus has shifted towards the financial markets, manufacturing, and stabilizing housing prices. Economist have long argued that even with [...]

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Commentary

Can YOU Help Fix The Mortgage Mess? Yes you can!

by Charles Feldman | July 30, 2008

The economic news seems dire, to say the least: home prices taking their steepest fall in May—ever! As in, ever! The Standard & Poor’s /Case-Shiller index of 20 cities dropped 15.8 percent in May compared with last year, reports the Associated Press. And, that is an average, of course. Las Vegas, for example, had home [...]

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Commentary

Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate?

by Charles Feldman | April 16, 2008

The last posting I had last week generated much discussion–I advanced the argument that the real estate mess we find ourselves in, and the resultant global credit crunch, is not likely to end anytime soon. And, that unless one happens to know what one is doing, this is not a very good time to learn [...]

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Economy

Fuels Costs, High Gas Prices and the Real Estate Investor

by Michael Creel | April 3, 2008

Fuel prices are already taking a huge slice out of family budgets with soaring heating and energy cost; but thats only the beginning. As gas prices skyrocket, the money to buy it must come from the family budget, making it even harder to keep up with the bills and the mortgage payments. When many homeowners [...]

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Economy

Real Estate Crisis Worsens and Takes the Rest of the Economy Down with it!

by Charles Feldman | March 12, 2008

If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at. Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming. But, before [...]

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Cool Stuff

Sunday Real Estate Wrap-Up – March 2, 2008

by Joshua Dorkin | March 2, 2008

March is here and what else can I say about this past week other than — things aren’t looking good for the US. The cost of real goods continues to rise, with the price of everything from gasoline, oil, food, and commodities all continuing to climb at alarming rates. Gold hit a new high near [...]

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Economy

Mortgage Crisis:The Knee Bone’s Connected To The Leg Bone

by Charles Feldman | January 6, 2008

If anyone had any doubt that the subprime mortgage/credit crisis is taking its grim toll on other aspects of the U.S. and world economy, here’s a sobering figure:The unemployment rate skyrocketed to 5 percent (and,yes, that is considered high for the U.S. and a sign of a faltering economy) while employers added only about 18 [...]

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Economy

Real Estate Headlines: Mortgage and Economic Stories Worth Reading for Friday, October 26

by Joshua Dorkin | October 26, 2007

Mortgage 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 [...]

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Economy

Stock & Housing Market Update

by Joshua Dorkin | September 29, 2006

Although the stock market’s Dow Industrials has flirted with an all-time-high for the past several days, and oil has maintained its decline, the housing market continues to look weak. Here are a few highlights from Today’s MarketWatch report: – “Banc of America Securities said Friday it expects pending home sales to decline between 3% and [...]

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