Real Estate Archive
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 »
Sacramento Area Default Notices And Foreclosures Surge In 3rd Quarter
October 28, 2007 · Category: Real Estate, Local Business
The data tables in this front page Sacramento Bee article from yesterday are incredible.
Default notices and foreclosures in the 8 county Sacramento area are absolutely surging: up 158% and 516%, respectively, from the year ago ...
Posted by Greg Feirman · No Comments »
September Bay Area Home Sales Lowest In At Least 20 Years
October 19, 2007 · Category: Real Estate
5014 homes and condos traded hands in the 9 county Bay Area in September. That's down 40% from last September and the weakest September on record in DataQuick's database, which goes back to 1988.
Interestingly, prices ...
Posted by Greg Feirman · No Comments »
Homebuilder Index Rallies 7% On Monday and Tuesday
On the strength of upgrades yesterday from Citigroup Homebulder Analyst Stephen King and then an "interesting" interpretation of today's pending home sales number, homebuilders have staged a nice 7% bounce over the past 2 days ...
Posted by Greg Feirman · No Comments »
Barron’s Article: “Getting Ready for the Roof to Fall”
October 1, 2007 · Category: Macro Economics, Real Estate
There was an article in Barron's this weekend that resonates with my view of what's going on in housing and how it will play out in the coming years including its effects on the overall ...
Posted by Greg Feirman · No Comments »
Local Homebuilder Dunmore Homes, In Business Since 1954, Is Sold
September 27, 2007 · Category: Real Estate, Local Business
The Sacramento Bee reported this morning that local homebuilder, Dunmore Homes, which has sold almost 2000 homes locally since 2001 and has been in business since 1954 has been sold.
This after The Sacramento Business Journal ...
Posted by Greg Feirman · No Comments »
Target Lowers Sales Forecast, Lennar Reports An Ugly Quarter and Existing Home Sales Fall
There's a lot of news out this morning that has to make you a little uneasy if you're a bull.
Target (TGT) reduced its same store sales forecast for September from 4-6% to 1.5-2.5% (subscription required), ...
Posted by Greg Feirman · No Comments »
When Poor People With Bad Credit Buy Homes; Oh California!
August 28, 2007 · Category: Real Estate
Funny cartoon on the Big Picture.
And a graphic that goes along with it from Fortune.
Posted by Greg Feirman · No Comments »
Commercial Real Esate Is Cracking
July 19, 2007 · Category: Real Estate, Stocks
The Dow Jones Real Estate Index peaked in February and is down about 20% since then. Because the stock market is a leading indicator and a similar peak in homebuilder shares in the Summer of ...
Posted by Greg Feirman · No Comments »
S&P Threatens To Downgrade $12 Billion in Subprime Mortgage Backed Securities
"The fallout of the subprime meltdown on financial services companies that hold some of the debt creates some risk to earnings. The financials make up over 25% of earnings for the S&P 500, so a ...
Posted by Greg Feirman · No Comments »
