No Market For Commercial Mortgage Backed Securities

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…
Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper end, sales remain mired in a deep slump…
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…
The Wall Street Journal today published an editorial, “The House the Fed Built” (subscription required), echoing the interpretation of recent Fed history I posted a couple weeks ago: This is the housing market the Federal Reserve built. That is to say,…
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….
Are you ready for the coming California recession? Because it’s coming. All over the country real estate prices are falling resulting in lost jobs, decreased wealth and lowered spending. But some more than others. The real estate boom in California…