Here is a look at Portland’s subsidized housing market:Three weeks ago, the 23-year-old Howe, who recently graduated from the University of Oregon with a degree in international marketing, was living with his parents in Gresham, where he grew up.Howe hopes to go to law school — eventually. For now, Howe says, he would be satisfied with a job at an eco-friendly company. But not one that pays too much.T…
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Hat’s off to my colleagues Michael Mandel and Peter Coy for their timely cover story on the monumental challenges and efforts by Fed chief Ben Bernanke to stave off economic collapse.
The California Employment Development Department’s employment estimates for February indicate that San Diego job growth has essentially flattened out. The sectors that thrived during the housing boom are now suffering through the bust, and while employment is growing outside of the housing boom industries, it is doing so barely enough to offset the housing-related losses.
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It’s been nearly two years since I looked at the soft landing question with respect to affordability in a post titled Seattle Soft Landing: Do The Math. Since then, the affordability picture has changed, and we at Seattle Bubble have done a lot more research into historical data, so now seems like a good time for an update to this subject.
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The tightening continues. Look for an announcement later today that all agency SISA is discontinued immediately from Citi Wholesale. More as it develops.
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From the Oregonian:Raising the bar for obtaining mortgage insurance in central Oregon’s Deschutes County likely won’t affect many of the buyers at the region’s proliferating destination resort developments because those buyers generally can put 20 percent down on their home purchases, said Tom Greene, principal broker at RE/MAX Equity Group in Bend and president of the Central Oregon Association of Realtors.B…
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A former diner and gas station on the corner of Jericho Turnpike and Roslyn Road is the site of another new CVS drug store.
The 1.31-acre Mineola site will soon have a 13,000-square-foot CVS store with a drive thru to challenge the Walgreen’s across the street.
Smithtown-based Island Associates represented CVS and persevered through an 18-month-long approvals process with the Village of Mineola. CVS has entered into a $13 million aggregate lease for the property from owner BRT Realty, which was represented by Gary Brody of Brody Realty in Melville.
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The industry-wide slowdown in the sale of existing homes is putting a drag on earnings.
Realogy Corp., the parent company that owns Century 21, Coldwell Banker, ERA and Sotheby’s International, netted a loss of about $840 million in 2007, according to a report from inman.com.
Realogy, which was acquired by Manhattan-based Apollo Management in April 2007, reported a net income of $365 million in 2006. Its annual revenue–$5.97 billion for 2007–has declined for the last three years.
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It’s Friday, and I thought I’d take a moment and respond to "Wilson" who’s multiple comments were in Igor’s clutches this morning. I rarely let Igor have his way with posters, but I thought I’d respond with this open letter, so Wilson will know why he’s the exception:
Wilson-
As you suspected, your comments will not post. While I never allow posters to be insulted, posters are free to insult me. However, the language must be family friendly, and you would need to demonstrate a basis for your insult. Therefore, "Twist is a moron." is unacceptable. Were you to say "Obviously Twist is a moron, as the data from the Texas A&M Real Estate Center Clearly shows…." that comment would be allowed through….
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This just in - Countrywide has discontinued all HELOC and Closed End 2nd products on the wholesale side. More details coming as available.
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The old adage doesn’t apply to everyone. Not every kid who touched the hot stove never touched it again. Maybe 1 out of a thousand kids doesn’t learn that the darn thing is still hot. Call them challenged, slow, what-have-you, but they don’t get it.
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Town of Taos Manager Tomas Benavidez was not reappointed last night by the Council, which included two new members recently elected — Council Members Gene Sanhez and Amy Quintana. Newly hired Abigail Adame, Assistant Town Manager, was made Interim Town Manager by the Council until a new Manager is recruited and hired. All other Department Directors were reappointed by the Council.
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Through me the way to the city of woe,
Through me the way to everlasting pain,
Through me the way among the lost.
Justice moved my maker on high.
Divine power made me,
Wisdom supreme, and primal love.
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This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
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Danny is experienced, Danny is all powerful, Daring Danny REALTOR®/Mortgage Broker is a climber of the real estate money trees.Danny® has been climbing SoCal real estate trees for the last 15 years. He has been in the mortgage lending industry first as a senior loan officer and then as his own boss at Daring Danny Financial Group®….
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Tracking Maricopa & Pinal Counties, ArizonaPopulation 2007: 4.1 million01/01/2007 Listing per population ratio 1:8510/31/2007 Listing per population ratio 1:6301/2007: 51,913 (4,520)___01/2006: 32,512 (5,260)02/2007: 53,598 (4,280)___02/2006: 36,176 (5,460)03/2007: 57,615 (5,385)___03/2006: 39,852 (7,265) …
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Tracking San Diego County, CaliforniaPopulation 2007: 3.10 million1/01/2007 Listing per population ratio 1:19109/30/2007 Listing per population ratio 1:13101/2007: 17,109 (2,772)___01/2006: 16,161 (2,898)02/2007: 17,544 (2,863)___02/2006: 17,262 (3,035)03/2007: 18,638 (3,218)___03/2006: 18,261 (4,367)…
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Tracking Los Angeles County, CaliforniaPopulation 2007: 10.33 million01/01/2007 Listing per population ratio 1:28809/30/2007 Listing per population ratio 1:17501/2007: 36,715 (6,805)____01/2006: 27,732 (7,309)02/2007: 41,251 (6,300)____02/2006: 29,420 (7,089)03/2007: 42,057 (8,353)___03/2006: 31,819 (10,805)…
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Wall Street’s pink slip parade by CNN Money - snip:There’s already been a wave of layoffs on Wall Street this year, and the Bear Stearns buyout could trigger another round of pink slips. During the first two months of 2008, 18,000 jobs have already been lost in the hard-hit mortgage markets, according to research firm Challenger, Gray & Christmas, accounting for an overwhelming majority of the 22,000 jobs lost in the financial sector overall this year. But …
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