Real Estate Archive
Trader Of The Year: John Paulson Made Billions Shorting Subprime Mortgages
Trader Monthly recently named John Paulson trader of the year for 2007.
Duh!!!!
Funds run by Paulson, a hedge fund manager, were up $15 billion in 2007 and he is estimated to have made beteween $3-$4 billion ...
Posted by Greg Feirman · No Comments »
Why Homeowners Can’t Cut Their Losses
"Even a small loss evokes a sense of frustration. There's something magical about 'at least breaking even'."
- David Laibson, Behaviorial Economist, quoted in "Be It Ever So Illogical: Homeowners Who Won't Cut the Price" , The New ...
Posted by Greg Feirman · No Comments »
Reverse Wealth Effect Saps Consumer Spending
March 10, 2008 · Category: Macro Economics, Real Estate
Data from DataQuick show that Sacramentans extracted $2 billion less (-34%) from their homes in 2007 - via refinancings, home equity loans, outright sales - than they did in 2006. For the state of California, it was ...
Posted by Greg Feirman · No Comments »
Commercial Real Estate Is Next
Financials are dragging the market down again this morning and I think it has to do with a story in this morning's Wall Street Journal which is the most highly read on WSJ.com: "Wall Street ...
Posted by Greg Feirman · No Comments »
Recommended Reading: The LA Times Reporter Who Sold At The Top Of The Housing Market
January 20, 2008 · Category: Real Estate, Sentiment Analysis
"I sensed trouble when a homeless man told me he was studying for his real estate license."
- Peter Hong, "How We Cashed In Before The Housing Crash", The Los Angeles Times, January 20, 2008
"Don't believe ...
Posted by Greg Feirman · 1 Comment »
Sacramento Housing Market Crushed In 2007
"What you're starting to see right now with the foreclosure inventory swelling is the banks are getting aggressive..... I think 2008 is going to be a year to remember."
- Mike Toste, a Lincoln based real ...
Posted by Greg Feirman · No Comments »
The Latest From Real Estate’s Spineless Cheer Leader
January 4, 2008 · Category: Real Estate, Business Culture and Current Events
Spineless adj.: without moral force, resolution or courage
Denial n.: a defense mechanism characterized by refusal to acknowledge painful realities, thoughts or feelings
It was just brought to my attention that David Lereah, former Chief Economist of the National ...
Posted by Greg Feirman · No Comments »
The Inland Empire: The Sacramento of SoCal
January 3, 2008 · Category: Real Estate, California
One of the interesting features of the real estate boom was the way that outlying areas from major metros took off. As real estate got more and more expensive in the big metros (Bay Area, ...
Posted by Greg Feirman · No Comments »
Jumbo Loan Market Paralyzed Too - Big Problem For High Cost Areas Like California
November 7, 2007 · Category: Real Estate
Are you ready for the coming California recession? Because it's coming.
All over the country real estate prices are falling resulting in lost jobs, decreased wealth and lowered spending. But some more than others.
The real estate ...
Posted by Greg Feirman · No Comments »
Washington Mutual Implicated In Appraisal Fraud Case
"I was pressured for 2 weeks to change both my value and the conditions of my appraisal report .... of an appraisal I completed that did not come to their predetermined value for a 'valued' ...
Posted by Greg Feirman · 1 Comment »
