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- Mortgage-Market Pros Aim to Cash In on Slump
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Former executives of Countrywide are launching an investment firm backed by BlackRock to buy distressed home loans.
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Original Source: feeds.realestatejournal.com
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25 March, 2008| housingblogs |
Comments (0) @ 5:00
- Listing prices now down $120K from peak
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Median listing prices in greater L.A. fell another $4,900 over the past week and have now fallen a stunning $119,666 — or 21% — from their peak in April 2006, according to H…
Original Source: latimesblogs.latimes.com
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25 March, 2008| housingblogs |
Comments (0) @ 4:45
- [Picture In Picture] Memory Lane Has A For Sale Sign On It
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To view clip
I was sent an email clip of a spot on today’s CNBC broadcast covering the existing home sales stats released for California, except I was included in the broadcast. Unless it was due to too much Easter candy, I didn’t remember being on the show today. …
Original Source: matrix.millersamuel.com
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25 March, 2008| housingblogs |
Comments (0) @ 4:07
- Wells Fargo CEO Open to Fed Assisted Acquisition
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From San Francisco Business Times: Wells Fargo CEO says he’s open to conducting a Fed-assisted acquisition Wells Fargo CEO John Stumpf said the financial crisis is presenting the bank with more acquisition opportunities. “I would not be averse to a Fed-assisted transaction,” Stumpf said in a recent interview with the San Francisco Business Times. “Fixer-uppers don’t bother us.” …
Original Source
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25 March, 2008| housingblogs |
Comments (0) @ 3:44
- Asking Prices and Inventory updated 2008-03-24
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DateCity/MetroStateInventoryMedianAsking Price
2008-03-24AlbuquerqueNew Mexico6083$250000
2008-03-24AtlantaGeorgia111491$215000
2008-03-24Austin…
Original Source: www.housingtracker.net
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25 March, 2008| housingblogs |
Comments (0) @ 3:21
- A History Of Wrong Predictions By The Chief Economists of the National Assocation of Realtors
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A History Of Wrong Predictions By The Chief Economists of the National Association of Realtors. This would be the discredited David Lereah…
Original Source: bp0.blogger.com
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25 March, 2008| housingblogs |
Comments (0) @ 3:12
- Indictments in mortgage fraud ring
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Read full story for latest details.
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Original Source: money.cnn.com
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25 March, 2008| housingblogs |
Comments (0) admin @ 2:57
- Town Council Meeting Highlights - 3/27/08
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1) Town of Taos Special Council Meeting, this Thursday, 4 pm. March 27, Council Chambers (agenda attached).
2) Highlights of today’s Joint Town of Taos /Taos County Meeting
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Original Source: galleryrealtyoftaos.com
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25 March, 2008| housingblogs |
Comments (0) @ 2:33
- A Market Where No One Wants To Buy
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The Used House Salespeople report from California. “Home sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, C.A.R. reported today. The median price of an existing, single-family detached home in California during February 2008 was $409,240, a 26.2 percent decrease from the revised $554,280 median for February 2007, C.A.R. reported. The February 2008 median price fell 4.8 percent compared with January’s revised $429,790 median price.”
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Original Source: thehousingbubbleblog.com
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25 March, 2008| housingblogs |
Comments (0) @ 0:31
- Chester Comp Killers
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73 Oakdale Road, Chester NJ
Purchase Price: $540,000
Purchased: 1/31/2007
Current Asking Price: $499,000 (Short Sale)
8% under 2007 purchase price
History
MLS# 2279630
Listed: 5/18/2006
Original List Price: $619,000
Reduced: $569,000
Days on Market: 219
Expired
MLS# 2279630
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Original Source: njrereport.com
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25 March, 2008| housingblogs |
Comments (0) @ 0:13
- Philly Fed: Not so different here
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From Reuters:
Mid-Atlantic banks face more loan losses-report
Big Mid-Atlantic banks face more losses from the real estate slump, according to a report on Monday from a regional Federal Reserve that suggests the worst has not passed for the beleaguered banking sector.
Prospects of an ever-growing stockpile of bad loans on homes, office buildings and shopping malls will likely force banks to seek additional capital and/or to put aside more money to cover further losses, the Philadelphia Federal Reserve said.
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Original Source: njrereport.com
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25 March, 2008| housingblogs |
Comments (0) @ 0:10
- Are you a real buyer in Baltimore City? See this Craigslist ad
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I’m guessing that this is a realtor that cannot get any offers for his customers. Here’s the ad link:Lots of people seem to be looking but are afraid to make a decision to buy. They won’t even make an offer for fear that it will get accepted. And then what would you do?! After all, the market could still drop and you might be able to get it for less. S…
Original Source
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25 March, 2008| housingblogs |
Comments (0) @ 0:09
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