Real Estate Archive

Continuing Stabilization In Sacramento Home Market

December 21, 2009  ·  Category: Real Estate, Sacramento
On Friday, the Sac Bee published Data Quick's November data for the Sacramento-area single family home market.  The most notable data point was the first year over year price increase for existing single family homes in ...
Posted by Greg Feirman  ·  No Comments »

Letter From Big Housing Industry Organizations To Extend 1st Time Home Buyer Tax Credit

October 19, 2009  ·  Category: Government, Politics, Real Estate
I came across a letter today addressed to Geithner, Summers and Donovan (Secretary of Housing and Urban Development) from the National Association of Homebuilders, National Association of Realtors and the Mortgage Bankers Association asking for ...
Posted by Greg Feirman  ·  No Comments »

NY Times: FHA Headed For Same Fate As Fannie, Freddie

October 9, 2009  ·  Category: Government, Macro Economics, Real Estate
Let me simply state at the outset that based on current projections, absent any catastrophic home price decline, F.H.A. will not need to ask Congress and the American taxpayer for extraordinary assistance - we will ...
Posted by Greg Feirman  ·  No Comments »

NY Times: Securitization Market Completely Dependent On Govt Programs

October 7, 2009  ·  Category: Federal Reserve, Government, Macro Economics, Real Estate
The securitization markets are dead. - Robert Shiller, Economist, Yale University Click here for larger graphic Fascinating and important article on the front page of today's New York Times Business section showing that the securitization markets are completely ...
Posted by Greg Feirman  ·  No Comments »

Sac Bee: FHA Loans Soar In Sacramento Area

October 6, 2009  ·  Category: Government, Real Estate, Sacramento
Source: "FHA Loans Soar In Sacramento Area", The Sacramento Bee, October 3 Does anybody doubt that the FHA and Ginnie Mae, which guarantees FHA mortgage backed securities, will need a government bailout just like Fannie and ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: The Crack Based Economy

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

Another WSJ Editorial On The FHA’s Shaky Finances

September 29, 2009  ·  Category: Government, Real Estate
One place to start is the Federal Housing Administration, the nation's insurer of nearly $750 billion in outstanding mortgages.  The agency acknowledged this month that a new but still undisclosed HUD audit has found that ...
Posted by Greg Feirman  ·  No Comments »

WaPo: Clock Is Ticking For First Time Home Buyers Tax Credit

September 25, 2009  ·  Category: Politics, Real Estate
Everyone coming through the door is talking about this tax credit.  They know exactly what it is and when it expires, and they're rushing. - Brad Cohen, Mason Dixon Funding, Rockville Front page Washington Post story today ...
Posted by Greg Feirman  ·  No Comments »

The Story of Taylor, Bean & Whitaker Mortgage Corp.

September 25, 2009  ·  Category: Macro Economics, Real Estate
The Wall Street Journal ran a fascinating front page story last Thursday on the implosion of Taylor, Bean & Whitaker Mortgage Corp, the nation's 12th largest mortgage lender: "With a Quick Rise, Hard Fall, Home ...
Posted by Greg Feirman  ·  No Comments »

CA To Sell $2 Billion Worth Of Office Buildings To Raise Cash

September 24, 2009  ·  Category: California, Government, Real Estate
We're looking to get these properties sold as soon as possible. - Eric Lamoureux, CA Department of General Services Spokesmen The state wants to sell the buildings for the cash and then lease them back from the ...
Posted by Greg Feirman  ·  No Comments »