Real Estate News
by Charles Feldman
| March 7, 2008
The economy is sinking faster than a mafia hitman wearing cement shoes in water; and, the mortgage/housing crisis is clearly to blame.
Wall Street was apparently totally shocked today when the Labor Department reported that 63, 000 nonfarm jobs were lost last month….As Reuters points out, the problem is that Wall Street experts had expected that [...]
Read the full article →
Economy
by Charles Feldman
| January 2, 2008
Nothing like kicking off the new year on a positive note. And, I can assure you, what you are about to read is anything but “positive.”
In fact, when it comes to the ever expanding subprime mortgage fiasco,the fun, say some experts, is only about to begin.
Before 2008 slips into 2009, some 1.8 million homeowners are [...]
Read the full article →
Joshua Dorkin
Charles Feldman
Ted Karsch.
Breaking: Home Prices in US Down Again – Eight Months in a Row
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, [...]