This is frightening on many levels. People are slowly slipping back into complacency as gas prices settle, the US Dollar seems to be doing slightly better, and Bush has declared a “soft end” to the war in Iraq.
But don’t get too excited. With the recent mortgage loan crisis and massive shutdown of many [...]
We’ve been hearing a lot of news about loan modification programs coming from the government. At first the idea of helping struggling homeowners sounds great, like a new chance for so many who fell behind for one reason or another. But then you read the details and you find that only a small [...]
There seem to be conflicting signs of in the economy right now. Gas prices dropping a bit, even if that’s typical for this time of year. The US Dollar seems to be gaining more traction, although we’re still heavily in debt and over-extended. And while foreclosures are dropping a slight bit, we’re [...]
It’s no surprise that, despite some folks saying we’ve hit bottom, that prices continue to decline. Though there is some sales activity in both commercial real estate and residential real estate, the residential market is still priced too high, with most sales being short sales or pre-foreclosures.
Bloomberg had this to say:
Existing U.S. home sales [...]
Despite what people are saying, things are getting worse. As foreclosures continue to creep closer to major metropolitan areas, and out of outskirt areas, more and more people will be bit.
Even if some talking (or yelling) heads like Jim Cramer suggest that the we’ve “hit bottom” and that the real estate market [...]
