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- The bright side: Gas is still under $4.40 a gallon
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Just a note: I started publishing gas price photos back on April 25, when I passed the station pictured above, which is on Lincoln Boulevard in Santa Monica. A…
Original Source: latimesblogs.latimes.com
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30 May, 2008| housingblogs |
Comments (0) @ 18:58
- Rep. Richardson: "It ain’t been easy"
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Those of you waiting to hear from U.S. Rep. Laura Richardson about her various defaults and unpaid bills will have to make do with …
Original Source: latimesblogs.latimes.com
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30 May, 2008| housingblogs |
Comments (0) @ 18:37
- Hope Now Mortgage "Workouts": Numbers Not Fantastic
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Posted By:Diana OlickThe trouble is that of all those “workouts” 106,000 were repayment plans, while approximately 77,000 were loan modifications. Critics argue that repayment plans don’t always get borrowers out of the total soup, especially if their adjustable-rate loans haven’t even reset yet. …
Original Source: media.cnbc.com
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30 May, 2008| housingblogs |
Comments (0) @ 18:17
- Fed’s Rosengren on Housing
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From Boston Fed President Eric S. Rosengren: Current Challenges in Housing and Home Loans: Complicating Factors and the Implications for Policymakers .Here is an excerpt from the section: Length and Duration of Housing Downturns, and Other Recent Research from the Boston Fed New England is no stranger to falling asset values. As you no doubt know, during the early 1990s, New England experienced a steep decline in housing prices. We at the Boston Fed think it may be useful to compare that experience to what we have experienced to date with falling housing prices, and we are pursuing a number of research avenues to do that. ……
Original Source: feeds.feedburner.com/CalculatedRisk
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30 May, 2008| housingblogs |
Comments (0) @ 18:17
- Your raise has just been eaten by inflation
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Market Watch has the inevitable story of inflation now completely wiping out any gains that consumer’s have seen in income. Inevitable, why? Because the interest rate cuts and massive influx of capital in to the system have set inflation loose. Gas prices are increasing geometrically, food prices are up, and there was even a heart-rending story of school lunch prices going up 25% in the bay area.
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Original Source: feeds.feedburner.com/typepad
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30 May, 2008| housingblogs |
Comments (0) @ 17:35
- Housing rescue on the rise; so are foreclosures
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Hope Now helped 183,000 at-risk borrowers stay in their homes during the month of April, according to numbers released by the coalition on Friday.
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Original Source: money.cnn.com
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30 May, 2008| housingblogs |
Comments (0) @ 17:23
- The New Humility Is On Display In California
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The Sacramento Bee reports from California. “When home builders ruled the earth earlier this decade, a customer had to be humble. You waited in line, paid to get on eligibility lists and endured lotteries to buy houses that might jump another $5,000 if you didn’t sign now and use the builder’s lender. That was then, the old days: 2002 through 2005.”
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Original Source: thehousingbubbleblog.com
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30 May, 2008| housingblogs |
Comments (0) @ 16:30
- New Home Sales and Cancellations
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Barry Ritholtz discusses the impact of revisions and cancellations with regards to the New Home sales report: April New Home Sales - Revisited. I’ll have more on revisions, but I’ll try to clear up cancellations first. Barry writes: Cancellations: Of course, none of the new home sales data includes cancellations, which were running north of 30% — and with the recently tightened credit, it may be even worse.Y…
Original Source
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30 May, 2008| housingblogs |
Comments (0) @ 16:21
- Hope Now claims housing rescue success
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Hope Now helped 183,000 at-risk borrowers stay in their homes during the month of April, according to numbers released by the coalition on Friday.
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Original Source: money.cnn.com
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30 May, 2008| housingblogs |
Comments (0) @ 16:17
- Hope Now: Record number of borrowers rescued in April
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Hope Now helped 183,000 at-risk borrowers stay in their homes during the month of April, according to numbers released by the coalition on Friday.
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Original Source: money.cnn.com
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30 May, 2008| housingblogs |
Comments (0) @ 16:09
- Portland RMLS Sales Preview
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Last month was a bad month for my sales predictions; my model over estimated the number of sales by 10 percent. I figured there would be 1,740 closed sales but there were actually 1,581. If you look at the graph this shouldn’t have been too big a surprise since most Aprils don’t match up very well.Mays data is much more accurate and was off by only 2% the last few years.Click on any graph for a better image….
Original Source: feeds.feedburner.com/portlandhousingblogspot
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30 May, 2008| housingblogs |
Comments (0) @ 15:48
- In Parts of CA Lenders Have Lock On Resale Market, Resellers Out Of Luck
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Thinking of putting your house on the market in Stockton, CA? Good luck getting an agent to represent you:
In some areas of California, so many foreclosed homes are available to buy on the cheap that real estate agents are discouraging prospective sellers from even putting their houses on the market.
Perhaps the most extreme example of this is Stockton, about 85 miles east of San Francisco, where roughly three of every four homes for sale are in or on the path to foreclosure….
Original Source: housingdoom.com
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30 May, 2008| housingblogs |
Comments (0) @ 14:28
- Real Income, Spending Flat in April
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The BEA reports: Personal Income and Outlays Real disposable personal income decreased less than 0.1 percent in April, in contrast to an increase of less than 0.1 percent in March. Real PCE decreased less than 0.1 percent, in contrast to an increase of 0.1 percent. Basically real PCE spending has been flat for the first four months of 2008. Personal Consumption Expenditures (PCE) accounts for almost 71% of GDP, and it appears there has been no growth in real PCE. …
Original Source: feeds.feedburner.com/CalculatedRisk
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30 May, 2008| housingblogs |
Comments (0) @ 14:04
- Housing: Renting vs. Buying
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Original Source: www.mortgagenewsdaily.com
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30 May, 2008| housingblogs |
Comments (0) @ 12:33
- ING Real Estate CEO on Outlook
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Original Source: www.mortgagenewsdaily.com
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30 May, 2008| housingblogs |
Comments (0) @ 12:18
- Libor Banks Misstated Rates Amid Rout
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Original Source: www.mortgagenewsdaily.com
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30 May, 2008| housingblogs |
Comments (0) @ 12:18
- Bloomberg’s Weird Numbers
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Forgive me for once again falling into despair over the media’s inability to report sensibly and critically on foreclosure and delinquency numbers. I should be immune by now. If you are wiser than I, just skip to the next post. If you still cradle to your wounded heart the battered but indomitable belief that even media outlets like Bloomberg can learn to spot the flaws in a reported statistic, and that there is a point to doing this, click the link below….
Original Source
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30 May, 2008| housingblogs |
Comments (0) @ 12:18
- Comp Killer!
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John St, Ridgewood NJPurchased: 6/30/2006
Purchase Price: $795,000
Current Asking Price: $745,000
MLS# 2819679
Listed: 5/13/2008
List Price: $769,000
Reduced to: $745,000
Active
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Jerome Ave, Glen Rock NJ
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Original Source: njrereport.com
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30 May, 2008| housingblogs |
Comments (0) @ 11:08
- Bits Bucket And Craigslist Finds For May 30, 2008
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Please post off-topic ideas, links and Craigslist finds here….
Original Source: thehousingbubbleblog.com
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30 May, 2008| housingblogs |
Comments (0) @ 11:01