Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- Tight money: DQ sees ‘little or no money to lend’
-
A couple of follow-ups on DataQuick’s monthly reports on home sales, both here and in the Bay Area:D…
Original Source: feeds.latimes.com
-
17 July, 2008| housingblogs |
Comments (0) @ 12:29
- Tight money: DQ sees "little or no money to lend"
-
A couple of follow-ups on DataQuick’s monthly reports on home sales, both here and in the Bay Area:D…
Original Source: feeds.latimes.com
-
17 July, 2008| housingblogs |
Comments (0) @ 12:29
- HousingPANIC Quote of the Past Two Hundred Years
-
“I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered….
Original Source: housingpanic.blogspot.com
-
17 July, 2008| housingblogs |
Comments (0) @ 12:12
- An Off-The-Cliff Drop In Prices
-
The Longmont Times Call reports from Colorado. “Home sales in Longmont are expected to surpass last year’s numbers, and experts say that’s one sign that the local market is healthier than many other parts of the country. ‘All real estate is local,’ said Marty Quigley, current president of the Longmont Association of Realtors. ‘Longmont is not San Francisco. We’re not Arizona. We’re not Las Vegas.’”
…
Original Source: thehousingbubbleblog.com
-
17 July, 2008| housingblogs |
Comments (0) @ 11:57
- Oregon Foreclosures up 132% in June 2008
-
RealtyTrac released their June 2008 foreclosure data last week and Oregon ranks 17th in the nation for per household foreclosures.There were 938 notice of defaults this month, up 73% from June 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have failed….
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 11:55
- DataQuick on Calif Bay Area Housing: Prices "Dive", Sales Near Record Low
-
From DataQuick: Bay Area median price dives below $500K; sales near record low The median price paid for a Bay Area home plunged to $485,000 in June, marking the first time in more than four years that it was below the half-million mark, DataQuick Information Systems reported.
The price barometer fell an unprecedented 27 percent from its record level a year ago as more sellers settled for less,…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 11:47
- Quote of the Day
-
Mr. Dimon of JP Morgan, via Housing Wire:“Prime [mortgage book] looks terrible,” he told analysts on the call. “And we’re sorry, and there’s nothing else we can say."…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 11:14
- Trump Talks Economy, Oil and Real Estate
-
…
Original Source: www.mortgagenewsdaily.com
-
17 July, 2008| housingblogs |
Comments (0) @ 10:51
- More on Housing Starts and Completions
-
First, the reason overall starts were higher in June was because a pending change in the building code in New York temporarily boosted multi-family starts. See: New York Anomaly Lifts Housing Starts “All the increase in headline starts and permits reflects a rush to begin multi-family construction projects ahead of a change in the N.Y.C. building code.”
Ian Shepherdson, an economist at High…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 10:29
- A plan to jumpstart the mortgage market
-
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.
…
Original Source: rss.cnn.com
-
17 July, 2008| housingblogs |
Comments (0) @ 9:58
- Wachovia St. Louis headquarters raided
-
Securities regulators have raided the St. Louis headquarters of Wachovia to investigate the company’s actions around their issuance of auction rate securities (h/t Don) . The regulators are looking particularly hard at how the company valued and marketed the securities which have caused more than 70 complaints filed with the state from investors that have had assets frozen by the company during the mortgage meltdown.
…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 9:47
- Mortgage rates fall for second week in a row
-
Rates on 30-year fixed mortgages fell for the second week in a row on increased speculation that the Federal Reserve will not raise interest rates before the end of the year, according to mortgage backer Freddie Mac.
…
Original Source: rss.cnn.com
-
17 July, 2008| housingblogs |
Comments (0) @ 8:56
- Ritholtz: Idiots Fiddle While Rome Burns
-
If you haven’t read this piece by The Big Pictture’s Barry Ritholtz you’re doing yourself a disservice:
There is a choice to be made: Either we regulate the Banks, or leave it to the vagaries of the free markets to punish those who trade with, or place their assets in the wrong institutions. But for God’s sake, do not give us the w…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 8:23
- Life’s Too Short To Live For Your House Payment
-
The Lawrence Journal World reports from Kansas. “It would have been a good month - 47 new single-family homes springing from the Lawrence ground. But neither local builders, nor the economy, had that type of month. Instead, 47 was the total number of Lawrence single-family housing starts for the first six months of the year. ‘It’s bad,’ said Bobbie Flory, executive director of the Lawrence Home Builders Association. ‘The national homebuilders association says we haven’t had a downturn in our industry like this since the Depression.’”
…
Original Source: thehousingbubbleblog.com
-
17 July, 2008| housingblogs |
Comments (0) @ 7:57
- Garden City multi-family sold
-
A three-story, 80-unit residential apartment building in Garden City was acquired by an unnamed Manhattan-based pension fund advisor for about $30 million.
The 66,000-square-foot building at 365 Stewart Ave. was sold by Great Neck-based Parkoff Organization.
The deal was brokered by James Murphy, an investment broker with GVA Williams in Manhattan.
…
Original Source: spacedoutli.wordpress.com
-
17 July, 2008| housingblogs |
Comments (0) @ 7:27
- Philly Fed: Manufacturing Continues to Contract
-
Here is the Philadelphia Fed Index for July activity released today: Business Outlook Survey.
Here are a couple key point:
Manufacturing is contracting, but not getting crushed like in previous recessions. This is helping to keep the unemployment rate from rising too quickly.Prices are rising. "The prices paid index increased six points, to 75.6, its highest reading since March 1980."…
Original Source:
-
17 July, 2008| housingblogs |
Comments (0) @ 7:16
- They’re back: Return of the flippers (seriously)
-
They’re baaaaaack. Flippers. Flipping houses, again. This time flipping foreclosed houses in the Inland Empire. Pay attention, there will be a quiz at the end of this item.From Peter Hong’s story in this morning’s L.A. Times: &…
Original Source: feeds.latimes.com
-
17 July, 2008| housingblogs |
Comments (0) @ 7:15
- The Donald Says "Da": Sells House To Russian Fertilizer Mogul
-
Posted By:Diana OlickCall it an infusion of capital into the Florida real estate market, and, more precisely, into Donald Trump’s pocket. A Russian fertilizer mogul offers $95 million for Trump’s Palm Beach estate and the Donald says, “Da,” even though it’s a tad below his original asking price of $125 million. …
Original Source: www.cnbc.com
-
17 July, 2008| housingblogs |
Comments (0) @ 7:11
- ADP site back on, then off, the market
-
After a deal to sell two Melville buildings owned by ADP to a Garden City developer fell through, financing difficulties are keeping other interested buyers at bay, so the property’s broker is taking it off the market for the summer.
David Pennetta, managing director of Jericho-based Oxford & Simpson Realty who was marketing the ADP property, said there is still a lot of interest in the buildings at 1700 Walt Whitman Road and 536 Broad Hollow Road, totaling about 115,000 square feet, but his client will probably test the waters again in September.
…
Original Source: spacedoutli.wordpress.com
-
17 July, 2008| housingblogs |
Comments (0) @ 6:47