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Talk is cheap. And just like so many other things with this crew, they say one thing and then do another.The Bush Administration has done and will do whatever they need to do to rescue the investment banks and toxic lenders, in addition to Fannie and Freddie. They’re lying to the American people, again, and the taxpayer is gonna eat it again in the end.But if you read these quotes, even though their banker buddies will get billions, they’re pretty clear - the housing gambler ain’t getting anything (except for his $600 check in a few days). Let’s see how long they can keep up that front….
Original Source
27 March, 2008| housingblogs |
Comments (0) @ 8:40
Even though the California numbers were once again setting record lows, our sister state Florida is now leading the way in fire sale housing marketing. It is incredible how little attention was given to the dropping prices in the recent home sale reports. In fact, if you were to only look at lower to middle class areas the numbers would be much more hard to digest. In fact, today listening to the radio I heard an economist say, “if you look at the +$1 million range, prices actually held up.” Thanks for showing the rest of the 95 percent of the state that you do not walk in their world. The perception is being given that the bottom is now reached because sales are looking like they are hitting absolute lows. Well guess what? The reason we can’t go much lower is because the entire kitchen sink is being thrown out there and some people are coming back into the market. Yet the major reason for this isn’t so much that we are reaching a bottom or market sentiment is changing. The reason that we are seeing a bit of stability is many sellers are now doing swap meet style deals. Let us go back to Florida for a second. In Cape Coral they are now offering get this, a sort of buy 1 get 1 free deal. Do you mean buy 1 flat screen and your second is free? Nope. Prices are being slashed so fast, we are now seeing buyer frenzies once again. You can head over to YouTube to watch the short news clip….
Original Source: feeds.feedburner.com/DrHousingBubble-HowILearnedToLoveSocal
27 March, 2008| housingblogs |
Comments (0) @ 7:44
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Original Source: www.mortgagenewsdaily.com
27 March, 2008| housingblogs |
Comments (0) @ 6:49
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Original Source: www.mortgagenewsdaily.com
27 March, 2008| housingblogs |
Comments (0) @ 6:49
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Original Source: www.mortgagenewsdaily.com
27 March, 2008| housingblogs |
Comments (0) @ 6:49
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Original Source: www.mortgagenewsdaily.com
27 March, 2008| housingblogs |
Comments (0) @ 6:49
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Original Source: www.mortgagenewsdaily.com
27 March, 2008| housingblogs |
Comments (0) @ 6:49
Today’s earlier post on the dramatic price median price decline in California was linked by The Drudge Report, and many of you commented on how the Drudge audience changed the tenor of the comments section. Yes, it’s a different crowd.
But I learned something from it: I received quite a few emails complaining that the post lacked historical context, because it failed to mention, or quantify, the huge run-ups in prices in California that preceded the decline. At first, I reflexively dismissed that criticism — all of us are well aware of where we stand in the cycle. Then I thought about it, and it struck me a number of regular readers have made the same complaint recently.
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Original Source
27 March, 2008| housingblogs |
Comments (0) @ 6:19
Sorry no stats or graphs from me, just in the trenches reporting.
Snohomish Co. Update:
My wife is off providing sterling service tonight in Issaquah for clients who are buying/selling a home, (yes, we do business all over) so I’ve got some free time to do a bit of blogging and research.
There are a quite a few homes both listed and FSBO that are short sale candidates. That means that if the existing homeowner were to get an offer, the lender would have to agree take an amount less than the sum of their encumbrances.
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Original Source: feeds.feedburner.com/SeattleBubble
27 March, 2008| housingblogs |
Comments (0) @ 6:04
A friend pointed me toward an interesting radio segment that aired on local public radio KUOW today: Should the Federal Government Bailout Banks and Homeowners?
You can listen to the full segment at the link above. Here’s a short excerpt from the beginning:
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Original Source: feeds.feedburner.com/SeattleBubble
27 March, 2008| housingblogs |
Comments (0) @ 6:00
No, I will not stop posting on this subject.Yes, I do attend Tibet protests, a few people can have a major impact, and there’s some good things going on here in Budapest and where you are t…
Original Source
27 March, 2008| housingblogs |
Comments (0) @ 5:27
One of the things I have found particularly aggravating during the past two years has been all the coverage on foreclosure stats. I don’t think consumers (or the media) have much perspective on the stats being produced, mainly by RealtyTrac and their competitor F…
Original Source: matrix.millersamuel.com
27 March, 2008| housingblogs |
Comments (0) @ 5:15
Source: Slate
I hate sour candy. So here something sweet to chew on…and it’s in San Diego.
I don’t think this is the candy that gives you shingles.
The rate of mortgage failures in San Diego County d…
Original Source: matrix.millersamuel.com
27 March, 2008| housingblogs |
Comments (0) @ 5:12
Investors and issuers of commercial mortgage-backed securities are taking action against a two-year-old credit-market index that has been greatly influencing commercial-mortgage-backed securities prices.
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Original Source: feeds.realestatejournal.com
27 March, 2008| housingblogs |
Comments (0) @ 5:00
Landlords are wary about the new supply of commercial property in the region, mindful that no market appears immune to the nation’s economic slowdown.
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Original Source
27 March, 2008| housingblogs |
Comments (0) @ 5:00
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