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- Earth to David… Earth to David… Come in David.
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The blog administrator’s help is requested here (read the comments).Où est le David?This post will remain on top until deleted by the blog administrator….
Original Source: bubblemeter.blogspot.com
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1 January, 2010| housingblogs |
Comments (0) @ 11:12
- Earth to David…
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…Earth to David …Come in David.Your help is requested here (read the comments).Où est le David?This blog post will remain on top until deleted by the blog administrator….
Original Source: bubblemeter.blogspot.com
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1 January, 2010| housingblogs |
Comments (0) @ 11:12
- Americans unwilling to bail each other out
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“As a new Federal foreclosure policy unfolds in the months to come, public opinion will certainly play a central role. It’s clear that people have strong opinions and a candid and vigorous debate will improve the chances for a successful outcome. The outcome could shape the real estate markets for many years to come,” said David Lereah, president of Reecon Advisors Inc., an independent real estate economics and information company that recently conducted a national survey of Americans’ attitudes about how the $700 billion bailout ought to be spent….
Original Source: feedproxy.google.com
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7 January, 2009| housingblogs |
Comments (0) @ 16:41
- The Situation In NY Is "Perilous, The Pillars Of Wall Street Have Crumbled"
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Gov. David Paterson Delivers First State of the State Address …
Original Source: http://feeds.feedburner.com/nychousingbubble
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7 January, 2009| housingblogs |
Comments (0) @ 15:54
- Columbia profs: Incentivize servicers to modify mortgages
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Three Columbia University professors today tackled one of the thorniest problems of the housing debacle: how to increase modifications to soured home loans that have been bundled into mortgage bonds.
Troubled mortgages that back securities in the private market, with customer-service outfits collecting payments, are far likelier to go into foreclosure than those in which the lender keeps the loan, the professors note….
Original Source: feedproxy.google.com
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7 January, 2009| housingblogs |
Comments (0) @ 15:43
- Marks & Spencer CEO: "the sharpest downturn in the shortest time"
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From the Guardian: M&S chief pleads for government help after sales slump Marks & Spencer chief Sir Stuart Rose today called on the government to do all it could to restore consumer confidence as the high street giant unveiled dire Christmas trading, the closure of 27 stores and confirmed more than 1,200 staff were to be axed in a bid to cut costs…..
Original Source: feedproxy.google.com
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7 January, 2009| housingblogs |
Comments (0) @ 15:03
- New conforming loan limits and other sources of borrower confusion
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Just what the conforming loan limit is on single-family homes and condos in Southern California — it was raised last year to $729,750 in designated high-cost areas under the Economic Stimulus Act of 2008 — has been a continued source of confusion because it varies throughout our region. And for 2009 it changed again.…
Original Source: feedproxy.google.com
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7 January, 2009| housingblogs |
Comments (0) @ 14:47
- New Jersey among the weakest housing markets
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From Forbes:
America’s 25 Weakest Housing Markets
There is another region where the worst may be to come: New York City-area metros. Housing values in Newark, N.J., could fall 26%.
Likewise, Edison, N.J., is also among the mid-sized metro areas expected to see the steepest drops this year. But the worst could be over by the end of 2009 for New York’s satellite cities.
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Original Source: njrereport.com
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7 January, 2009| housingblogs |
Comments (0) @ 14:11
- Investing in Mortgages
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(Please visit the site to view this media)Institutional investors are looking to take advantage of depressed housing prices and the rebound that could follow. Scott Minerd, of Guggenheim Partners; Len Blum, of Westwood Capital; and CNBC's Diana Olick discuss….
Original Source: www.mortgagenewsdaily.com
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7 January, 2009| housingblogs |
Comments (0) @ 13:58
- December Reporting Roundup: The Blame Game Continues
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Here’s what I said on December 18th:
I predict that sales will be abysmal this month (worst December on record), and that the real estate mouthpieces quoted in the NWMLS press release (and subsequently in the local papers) will blame the low numbers on the weather. As if we never have inclement weather in December….
Original Source: http://feeds.feedburner.com/SeattleBubble
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7 January, 2009| housingblogs |
Comments (0) @ 12:42
- Will Zealots and Foreigners Support the Market?
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Tonight is the night…Lemon—U2
And I feelLike I’m slowly, slowly, slowly slipping underAnd I feelL…
Original Source: http://feeds.feedburner.com/IrvineHousingBlog
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7 January, 2009| housingblogs |
Comments (0) @ 12:30
- Banks: Lending or Hoarding?
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(Please visit the site to view this media)Are banks lending or hoarding? Robert Albertson, of Sandler O'Neill, shares his insight….
Original Source: www.mortgagenewsdaily.com
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7 January, 2009| housingblogs |
Comments (0) @ 12:01
- Madoff Bailout: First installment to be $15 billion? No, that was cars, but …
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The Madoff Bailout is starting to evolve beyond comedy.[1] Clearly the pressure to bail out the victims of the Madoff Ponzi will be irresistible,[2] but since the real deal has yet to surface Doomers will have to content themselves with conjecture and rumor for now. This u…
Original Source: housingdoom.com
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7 January, 2009| housingblogs |
Comments (0) @ 11:37
- Restaurant Performance Index at Record Low
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From the National Restaurant Association (NRA): Restaurant Performance Index Fell to a Record Low in November as Economy Continued to Worsen The outlook for the restaurant industry worsened in November, as the National Restaurant Association’s comprehensive index of restaurant activity fell to a record-low level. The Association’s Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 96.7 in November, down 0.4 percent from October and its 13th consecutive month below 100. …
Original Source: feedproxy.google.com
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7 January, 2009| housingblogs |
Comments (0) @ 11:17
- Morgan Stanley’s Drop in M&A
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(Please visit the site to view this media)Morgan Stanley has seen a drop in its M&A ranking, reports CNBC's Charlie Gasparino…
Original Source: www.mortgagenewsdaily.com
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7 January, 2009| housingblogs |
Comments (0) @ 10:41
- Why would anyone buy a home today?
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From MarketWatch:
Home buyers advised to look before they leap
Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs, especially if buyers don’t plan on staying in the house for at least several years.
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Original Source: njrereport.com
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7 January, 2009| housingblogs |
Comments (0) @ 10:21
- Fannie And Freddie: The Old Ways Can’t Go Forward
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Posted By: Diana OlickI’ve got to give it to Treasury Secretary Henry Paulson; he’s not going out without fightin’ words over Fannie and Freddie. Today Paulson used his now very temporary podium to offer advice to the new Congress and the Administration on the future of the GSE’s. …
Original Source: www.cnbc.com
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7 January, 2009| housingblogs |
Comments (0) @ 10:06
- The Guillotine Falls In Many Different Ways
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The San Francisco Chronicle reports from California. “The number of scheduled foreclosure sales and defaults in core areas of Northern and Southern California exceeded a half million during 2008, up 132 percent from the previous year, according to Default Research. In the Bay Area counties of Alameda, Contra Costa, San Francisco and Solano, the annual total climbed 180 percent to 85,381. ‘My policy prescription: Let them get foreclosed on,’ said Christopher Thornberg, principal at Los Angeles research firm Beacon Economics. ‘The home market is not going to recover, on the building or appreciation side, until two things happen: a) all these people with dodgy mortgages who bought things they couldn’t afford get shoved out and b) all those homes get absorbed. The fastest way to do both of those things is to let prices fall.’”
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Original Source: thehousingbubbleblog.com
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7 January, 2009| housingblogs |
Comments (0) @ 9:47
- Realty Check: Paulson on Housing
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(Please visit the site to view this media)A preview of Treasury Secretary Henry Paulson's discussion of the future of GSE's with CNBC's Diana Olick…
Original Source: www.mortgagenewsdaily.com
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7 January, 2009| housingblogs |
Comments (0) @ 9:43
- Daily sport in trouble
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This was one credit crunch development that I was very happy to read about:Sport Media Group, the Aim-listed publisher of the downmarket Daily Sport newspaper and its Sunday sister title, said on Wednesday that it was in breach of a covenant on a bank loan thought to represent about half of its £8m net debt.The company, which in its most recent figures had a turnover of £14m in the six months to the end of January 2008, said the bank in question, which it did not name, had granted an extension to its facility for two months….
Original Source: ukhousebubble.blogspot.com
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7 January, 2009| housingblogs |
Comments (0) @ 9:02