Archive for September 2009

Source: cnbc.com
Date: 24 September 2009
Link: http://www.cnbc.com/id/33003868

I hate to say “I told you so,” okay, that’s a lie, who doesn’t love to be right? Existing home sales took a U-turn in August after four straight months of gains, and this is exactly what we were afraid of, as inventory at the low end of the [...]

I just finished reading the book “The Housing Boom And Bust” by Thomas Stowell. Based on his background I would consider him an authority on the matter. It was quite an interesting read that explains what the root causes were to the economic melt-down we had, which was led by the sub-prime mortgage [...]

I hate to post such doom and gloom but it seems that there has been no real basis for the housing market to be turning. Unless spending increases, credit is relaxed, and unemployment decreases we are in for a long stretch of seeing more of the same. I keep hearing how people are [...]

Think the real estate market has bottomed out and want to invest but don’t want the headaches of being a land lord or wish to be more diversified in the sector? Investing in stocks that track the residential or commercial real estate market may be the way to go. This article [...]

Source: cnbc.com
Date: 1 September 2009
Link: http://www.cnbc.com/id/32646359

First let me just say that I’m really impressed with the discussion that followed yesterday’s blog on what banks are doing with foreclosed properties. Secondly let me say that this has been perhaps the most mind-bogglingly frustrating story on which I’ve ever worked. For months now I’ve [...]

Source: cnbc.com
Date: 31 August 2009
Link: http://www.cnbc.com/id/32630317

There have been a lot of accusations on the blogs and on the air that banks are holding on to REO (bank-owned) foreclosed properties because they don’t want to put them on the market and push home prices ever lower. In digging into this, I got a few interesting [...]