Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- Hot, Hot, Hot, But A Cooling May Be Upon Us
-
A report from the Oregonian. “Condo king Homer Williams gambled that Portland’s condo mania had reached such a fevered pitch that he could sell Pearl District luxury on a humdrum stretch of Southeast Portland. He and his partners launched a $40 million building, a sprawling, 123-condo complex, along eclectic Belmont Street in 2006. Their timing couldn’t have been worse. Since sales opened last year, 2121 Belmont had no sales, Williams said Tuesday.”
…
Original Source: thehousingbubbleblog.com
-
8 April, 2008| housingblogs |
Comments (0) @ 23:57
- Meet today’s buyer: Schwarzenegger buys 25 acres of ranchland
-
Worth noting: The governor of California (pictured), widely seen as having good business sense in his own affairs, has been a recent buyer of land. T…
Original Source: latimesblogs.latimes.com
-
8 April, 2008| housingblogs |
Comments (0) @ 23:45
- Plein Air Painters Boost Taos Economy
-
Media Release from Griffin and Associates:
About 50 plein air painters from Colorado, Arizona, Nebraska, Kansas, Texas and New Mexico will descend on the Taos area on May 3rd thru May 7th, 2008.
Organizers Leslie Allen, a Founding Member of Plein Air Artists Colorado and Patrice Walker of Plein Air Painters of New Mexico put their heads together to plan one of their a…
Original Source: galleryrealtyoftaos.com
-
8 April, 2008| housingblogs |
Comments (0) @ 23:28
- [WaMu Goes Retail] Wholesale Mortgage Pipeline Goes Dry
-
Back in the day, WaMu was one of the fasted growing mortgage originators and was affectionately known as the lender of last resort to mortgage brokers. Their appropriate “Power of Yes” advertising campaign was particularly accurate.
…
Original Source: matrix.millersamuel.com
-
8 April, 2008| housingblogs |
Comments (0) @ 23:08
- Jackson County Median Home Price Off 13%
-
From the MailTribune in Southern Oregon:Jackson County’s residential housing slump continued to reflect the national numbers during the first quarter of 2008.Sales prices for the area’s existing single-family residences tumbled 9.6 percent to $235,000 during the first three months of the year. …
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 22:26
- UPS Warns
-
Press Release: UPS Lowers 1Q 2008 Guidance Deteriorating U.S. Economic Conditions Restrain Domestic Volume ATLANTA–(BUSINESS WIRE)–UPS (NYSE: UPS) today announced it had lowered its first quarter earnings expectations to $0.86 or $0.87 per diluted share from a previously anticipated range of $0.94-to-0.98. …
Original Source: feeds.feedburner.com/CalculatedRisk
-
8 April, 2008| housingblogs |
Comments (0) @ 22:21
- Volcker Video
-
Click image for video or visit Bloomberg video.Volcker Says Fed’s Bear Loan Reaches Edge of Legal Power April 8 (Bloomberg) — Former U.S. Federal Reserve Chairman Paul Volcker speaks in New York about practices leading to the current financial market crisis, the role of the Federal Reserve in preventing and dealing with such crises and the need for changes in market regulation. Volcker speaks to the Economic Club of New York. (Source: B…
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 22:09
- White House opposes Senate housing bill
-
All kinds of news is breaking out on the real estate beat today. A quick catch-up:–T…
Original Source: latimesblogs.latimes.com
-
8 April, 2008| housingblogs |
Comments (0) @ 22:01
- Foreclosure photo of the day
-
Our very first Foreclosure Photo of the Day, taken by your blogger this morning in Mar Vista, and posted on t…
Original Source: latimesblogs.latimes.com
-
8 April, 2008| housingblogs |
Comments (0) @ 21:19
- Volcker on Bear Stearns and more
-
Note: Hopefully Bloomberg will post a video later today.From Bloomberg: Volcker Says Fed’s Bear Loan Stretches Legal Power “The Federal Reserve has judged it necessary to take actions that extend to the very edge of its lawful and implied powers, transcending in the process certain long-embedded central banking principles and practices,” Volcker said in a speech to the Economic Club of New York. ….
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 20:43
- Milestone
-
.
We have reached a new milestone in our documentation of the price decline in the Great Housing Bubble: we have our first property closing at 40% below its previous sale price. That’s right, 40% off in Irvine. The median has not declined 40% yet, but individual properties have. Will the median be far behind?
-
8 April, 2008| housingblogs |
Comments (0) @ 20:29
- Lennar’s CEO: At Least He Has No Performance, No Pay Policy
-
Posted By:Diana OlickI realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy. …
Original Source: www.cnbc.com
-
8 April, 2008| housingblogs |
Comments (0) @ 20:01
- The Mortgage Feast Has Turned Into A Famine
-
Some housing bubble news from Wall Street and Washington. Associated Press, “An industry group said Tuesday that pending U.S. home sales fell in February to the lowest reading since the index began. The National Association of Realtors’ seasonally adjusted index of pending sales for existing homes fell to 84.6 from January’s upwardly revised reading of 86.2. The index stood at 107.6 in February 2007. A reading of 100 is equal to the average level of sales activity in 2001, when the index started.”
…
Original Source: thehousingbubbleblog.com
-
8 April, 2008| housingblogs |
Comments (0) @ 20:00
- Fed Minutes: Some Concerned about Risks of "Severe and Prolonged" Downturn
-
From the WSJ: Fed Faced Difficult Decision, March Meeting Minutes Show According to the minutes of last month’s Federal Open Market Committee meeting released Tuesday, members said prospects for both economic activity and near-term inflation had deteriorated. …Some members … thought it likely that U.S. economic activity would contract in the first half of 2008….
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 19:12
- Oregon Subprime & Alt-A Map
-
The New York Fed created a dynamic map that shows loan performance for each state. Below you will find the stats for Alt-A & subprime loans for Oregon. Click on any image for a better picture….
Original Source: bp2.blogger.com/_oV8ecn5wrfg/R_uubjC_6W
-
8 April, 2008| housingblogs |
Comments (0) @ 18:52
- WaMu: Goodbye, Home Loans
-
It’s a good news / bad news day for local lending juggernaut Washington Mutual.
The good news: They got a big cash infusion from a private investment group, and may not go the way of New Century.
The bad news: They’re completely pulling out of wholesale lending, closing their home loan centers, and eliminating 3,000 more jobs.
…
Original Source: feeds.feedburner.com/SeattleBubble
-
8 April, 2008| housingblogs |
Comments (0) @ 18:51
- Pending sales index points to declines ahead
-
Bad news today for the housing market. The Pending Homes Sales Index of the National Association of Realtors, which is based on contracts signed in February, fell 1.9% to 84.6. That was its lowest reading since the series began in 1999. It was down from an upwardly revised reading of 86.2 in January. It was also down 21.4% from the same period a year earlier.
Lawrence Yun, the Realtors’ upbeat chief economist, gave the figures a positive interpretation, saying in a press release:
…
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 18:35
- Memo to Greenspan: Enough already.
-
The unseemly, globetrotting, money-grabbing, legacy-spinning, responsibility-denying tour of Alan Greenspan continues, as relentless as a bad toothache. It brings to mind the words of the great Ring Lardner: " ‘Shut up,’ he explained."
…
Original Source
-
8 April, 2008| housingblogs |
Comments (0) @ 18:22
- Credit conditions in the UK are improving
-
(click on the chart for a sharper image)Do you see what I see? Yes, credit conditions are improving for UK banks. The spread between 3 month interbank loans and 3 month repos using gilts as collateral has fallen over the last couple of days. In fact, between March 31st and April 8th, the spread has fallen 3 basis points….
Original Source: bp1.blogger.com
-
8 April, 2008| housingblogs |
Comments (0) @ 18:21
