No Market For Commercial Mortgage Backed Securities
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NY Times: FHA Headed For Same Fate As Fannie, Freddie
Reading Time: 3 minutes
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 not need a bailout. –…
Target Lowers Sales Forecast, Lennar Reports An Ugly Quarter and Existing Home Sales Fall
Reading Time: 2 minutes
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), raising questions about the…
Peter Goodman Revisits Cape Coral, FL
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We’re not in a recession. We’re in a depression. – Bobby Mahan, a local real estate broker Two years ago, Peter Goodman wrote an award winning piece on the real estate bust in Cape Coral, FL: “This Is The Sound…
Letter From Big Housing Industry Organizations To Extend 1st Time Home Buyer Tax Credit
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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…
NY Times: Some Say Let The Housing Market Fall
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As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention. Some economists and analysts are now urging a dose of…
Local Home Market In The Tank
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A couple weeks ago DataQuick, the excellent real estate information firm providing data primarily for the California market, came out with its July 2006 numbers. The Sacramento Bee ran a sobering article based on the report: July … saw the biggest drop…