Sacramento Office Vacancy Rate Surges Over 20%

Another fascinating article from two Thursdays ago in The Wall Street Journal about how Ginnie Mae and the Federal Housing Administration are playing an increasingly large role in the mortgage market (“Banks Load Up on Mortgages, in New Way: This…
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 Lender Marked an Era”, The…
In my previous post, I wrote about how the government is essentially propping up the housing market with all its programs and stimulus. Well, two of those programs are set to expire shortly. The $8,000 1st time homebuyer tax credit…
I don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year. Our future is not as bright as we would like it to be. – D.R. Horton CEO Donald Tomnitz,…
Today was an interesting day in the markets. The key event was the release at 10am EST by the Commerce Department of the report for February New Home Sales. The report said that new homes sold at a seasonally adjusted…
A starting point for becoming knowledgeable about business and finance is simply to read The Wall Street Journal everyday. If you just do that, you’ll find your knowledge and understanding growing all the time and you’ll be way ahead of…