Decline In Median Home Price Approaches 50% In Some Cities
What happened here will some day be a new chapter in Extraordinary Popular Delusions and the Madness of Crowds.
– Greg Swann, a Phoenix, AZ real estate agent

(Via BeSpoke Investment Group)
What happened here will some day be a new chapter in Extraordinary Popular Delusions and the Madness of Crowds.
– Greg Swann, a Phoenix, AZ real estate agent

(Via BeSpoke Investment Group)
Everyone expected the housing market to suffer at least a temporary hangover after the government’s $8,000 tax credit expired, but not necessarily this much. Preliminary data from around the country indicates that the housing market began swooning last month immediately…
“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 estate agent On the…
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 on the Nov….
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 dependent on…
Homebuilder Lennar (LEN) reported 2nd quarter earnings today and they were not pretty (LEN Earnings Release). I put together a chart of Lennar’s new homes delivered and backlog going back 5 years which pretty much tells the story: LEN New Homes…
A strong July Existing Home Sales report from the National Association of Realtors is propelling the market this morning. Existing home sales rose to a 5.24 million annualized rate from 4.99 million in July 2008 – the first year over…