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)
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 an extension of the $8,000…
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 FHA’s cash reserve fund is…
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 reported on Friday (subscription…
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, LA, etc…), a lot of…
Everyone can see and feel that this is different and can sense the bizarre nature of the market response: we are in the top 10% of historical price earnings ratios for the S&P on prior earnings and simultaneously are …
By selling land at huge discounts to what it was once valued, big builders generated large losses for tax purposes. By applying those losses against profits during prior years, they have collected about $2.55 billion in tax refunds this year,…