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- Taos Real Estate Hotsheet Report - May 15, 2008
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This report is generated by the Taos Real Estate MLS system, and the following notes apply:
Report is the hotsheet activity since my last report on May 7, 2008.
“Active” does not indicate just new listings, but those that have been previously listed, and have returned to market after expiring or being withdrawn for less than six months.
Days on Market continue to accumulate even if a property is removed from the market or expires, if it has been less than six months.
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Original Source: feeds.feedburner.com/TaosRealEstate
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15 May, 2008| housingblogs |
Comments (0) @ 23:56
- Fed Loans to Banks Still Increasing
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From Bloomberg: Fed’s Direct Loans to Banks Climb to Record Level The Federal Reserve’s direct loans of cash to commercial banks climbed to the highest level on record in the past week, a sign of continued stress in financial markets that threatens to curtail credit for households and companies. Funds provided through the so-called discount window for banks rose by $2.8 billion to a daily average of $14.4 billion in the week to May 14, the central bank said today in Washington. Separately, the Fed’s loans to Wall Street bond dealers rose by $75 million to $16.6 billion. …
Original Source
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15 May, 2008| housingblogs |
Comments (0) @ 23:30
- Taos Center for the Arts - May 15, 2008
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TAOS CENTER FOR THE ARTS…
Original Source: origin.ih.constantcontact.com
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15 May, 2008| housingblogs |
Comments (0) @ 23:28
- Elusive Senate housing bill inches forward
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Key lawmakers Thursday evening were hammering out a deal on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry.
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Original Source: money.cnn.com
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15 May, 2008| housingblogs |
Comments (0) @ 23:10
- The Good Ol’ Days Include The Recession Years In California
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The Orange County Register reports from California. “As the sub-prime mortgage crisis reverberates across Orange County, the Pufpafs and other Ladera residents are adjusting to a new housing reality: falling prices. Ladera Ranch resident and Realtor Sherrie LeVan represents Dyer as well as interior designer Toni Blackman, a resident in nearby Coto de Caza, who’s been flipping her homes every two to three years since the ’70s.”
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Original Source: thehousingbubbleblog.com
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15 May, 2008| housingblogs |
Comments (0) @ 22:45
- The Good Ol’ Days Include The Recession Years In California
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The Orange County Register reports from California. “As the sub-prime mortgage crisis reverberates across Orange County, the Pufpafs and other Ladera residents are adjusting to a new housing reality: falling prices. Ladera Ranch resident and Realtor Sherrie LeVan represents Dyer as well as interior designer Toni Blackman, a resident in nearby Coto de Caza, who’s been flipping her homes every two to three years since the ’70s.”
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Original Source: thehousingbubbleblog.com
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15 May, 2008| housingblogs |
Comments (0) @ 22:45
- Kasriel: In the Eye of the Hurricane
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From Paul Kasriel and Asha Bangalore at Northern Trust: In the Eye of the Economic Hurricane There seems to be sentiment developing that the U.S. has weathered the worst of the current cyclical economic storm and blue skies are ahead. We disagree. Any blue skies you see are likely to be short lived. The economy is in the relative calm of the eye of the business-cycle hurricane. The mortgage credit problems are not over. And credit problems in other sectors are just beginning as the housing recession spreads to the rest of the economy. …
Original Source: feeds.feedburner.com/CalculatedRisk
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15 May, 2008| housingblogs |
Comments (0) @ 22:17
- Senate’s mortgage rescue backed by Fannie, Freddie
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Breaking news from Reuters: "Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan that would see Fannie Mae and Freddie Mac backstop a government mortgage insurance fund, two industry sources said Thursday.
More: "Sen. Christopher Dodd, chairman of the banking committee, said that a deal had not been finalized. But the plan outlined by the sources says the two mortgage finance giants would offer the funds to cover the costs of a $300 billion mortgage rescue fund."
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Original Source: feeds.latimes.com
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15 May, 2008| housingblogs |
Comments (0) @ 21:48
- Alert: Agent robbed during open house
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Here’s a wacky one: "A former Arizona real estate agent is suspected in five armed robberies
in San Luis Obispo County, including one of a real estate agent and
another at a real estate office.More, from SanLuisObispo.com: "David
Albertsen, 64, is suspected of robbing the agent during an open house
in Atascadero on April 27, two days after he allegedly walked into a
real estate office in Arroyo Grande and robbed an employee at gunpoint,
according to police. Albertsen was licensed in Arizona, according to that state’s Department of Real Estate. He obtained it in February 2007, but it is currently listed as inactive."
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Original Source
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15 May, 2008| housingblogs |
Comments (0) @ 21:37
- Open house alert: Agent robbed during open house
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Here’s a wacky one from San Luis Obispo County: "A former Arizona real estate agent is suspected in five armed robberies
in San Luis Obispo County, including one of a real estate agent and
another at a real estate office.More, from SanLuisObispo.com: "David
Albertsen, 64, is suspected of robbing the agent during an open house
in Atascadero on April 27, two days after he allegedly walked into a
real estate office in Arroyo Grande and robbed an employee at gunpoint,
according to police. Albertsen was licensed in Arizona, according to that state’s Department of Real Estate. He obtained it in February 2007, but it is currently listed as inactive."
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Original Source
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15 May, 2008| housingblogs |
Comments (0) @ 21:37
- Price Per Sq. Foot Plummets in a N. Va Condo Building
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The lovely Byron Condominiums, “A Luxury Condominium Complex in the Heart of Falls Church”…
Original Source: bp3.blogger.com
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15 May, 2008| housingblogs |
Comments (0) @ 21:12
- Housing deal eluding Senate - so far
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Partisan differences were stymieing a Senate compromise Thursday on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry.
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Original Source: money.cnn.com
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15 May, 2008| housingblogs |
Comments (0) @ 20:42
- Double Down
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Two as One — First to Last
When your playing blackjack and the dealer has given you great cards, you have the option of taking one more card and doubling your initial bet. When the odds are in your favor, it is a smart play. Since the real estate market was a “sure thing,” and prices always go up, it makes sense that people would have doubled down in the real estate market. The more property you owned, the more money you made. Well, at least that was the idea after a few kool aids. If you made the mistake of drinking the kool aid in the summer of 2006 and buying two low-end properties right at the peak, your double-down bet was a short cut from first to last….
Original Source: feeds.feedburner.com/IrvineHousingBlog
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15 May, 2008| housingblogs |
Comments (0) @ 20:30
- Libor goes mad
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I just saw this story in the Times.. I would like to say more, but I am rather busy right now. Perhaps, others might like to take up the story with some comments. (Asteve, Nick, Vado, traderboy, I am thinking of you here).Britons are facing more months of rising mortgage costs after the rate at which banks lend to each other unexpectedly spiked and lenders rushed to borrow £78.3 billion from the Bank of England, which had £13.7 billion on offer. …
Original Source: ukhousebubble.blogspot.com
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15 May, 2008| housingblogs |
Comments (0) @ 20:07
- Countrywide suit: Lending "without regard to underwriting standards"
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News worth noting: "Directors and officers of C…
Original Source: latimesblogs.latimes.com
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15 May, 2008| housingblogs |
Comments (0) @ 19:32
- Chase Wholesale Eliminates 2nd Mortgages
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According to reps from the bank Chase Wholesale is eliminating second mortgage products from its product offering. All loans need to be registered/submitted by end of business tomorrow. There has been wide concern and speculation about the value of second mortgage loan portfolios held by the big banks with the precipitous decline of housing prices nationwide. Many of the second mortgages issued over the last two to three years in bubble areas are now essentially unsecured.
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Original Source: feeds.feedburner.com/typepad
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15 May, 2008| housingblogs |
Comments (0) @ 19:31
- Sterling price of oil
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“But we don’t pay for oil with dollars when fill up our cars”.Sterling or dollars - the price of fuel has rocketed. The sterling price between December last year and April increased by 22 percent….
Original Source
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15 May, 2008| housingblogs |
Comments (0) @ 19:18
- Know any flippers in Trouble?
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If you know any flippers in trouble in Orange County, Flip This House wants to know about them. Yes, you know… that show. I think it’ll be interesting to see if there are any great stories that come out of them. Basically, as a blogger, I can stand back and watch the fireworks from a distance without getting my hands dirty, a kind of sanitized schadenfreude that comes with not getting involved.
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Original Source: www.socalbubble.com: www.socalbubble.com
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15 May, 2008| housingblogs |
Comments (0) @ 19:16
- The Appreciation Train Has Virtually Stopped
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The Daily Times reports from New Mexico. “The San Juan County real estate market continues to be its own animal; active, healthy and stabilizing. That’s not, however, to say it’s an ideal market. ‘Listings are probably up by about 25 percent,’ said Elizabeth Tafoya, president of San Juan County Board of Realtors. ‘It’s the most I’ve ever seen. Today there are 12 new listings, and we’re averaging at least 10 a day.’”
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Original Source: thehousingbubbleblog.com
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15 May, 2008| housingblogs |
Comments (0) @ 18:34