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real estate: How Big Is the Sub-Prime Mortgage Market? Not very big at all - 08/10/07 06:56 PM
Cited by BusinessWeek Online, a very eye-opening analysis of the sub-prime mess from National Review Online:I’ve thought a lot about Rain Man over the past few months as I’ve been following the press coverage of the sub-prime mortgage crisis. The story’s been on the front page of the Wall Street Journal nearly every day. Pretty much every show on CNBC — except Kudlow & Co.and one or two others — has been obsessed with the topic. Yet no one seems to be asking the Rain Man question: “How big is the sub-prime mortgage market?” 
And the answer, as Ben Stein makes clear, is not very big at all.
Currently there are about … (27 comments)

real estate: The Blogfather Part II: I could have blogged all night . . . - 02/23/07 03:46 PM
The folks at ActiveRain are putting together a contest. It’s Pygmalion for webloggers, wherein experienced real estate webloggers take eager young blogging caterpillars into their tutelage, and, Henry Higgins-like, bring forth beautiful blogging butterflies in a few months’ time. The winning pair of bloggers will split $5,000 amongst their favorite charities.
(I predict my favorite charity will turn out to have something to do with stray animals.)
In any case, I’m looking for a patsy, er pigeon, er victim, er volunteer — I’m looking for a volunteer to learn the art and science of real estate weblogging with me as your tutor, er … (5 comments)

real estate: BloodhoundBlog week in review: Podcasting a wider net . . . - 02/11/07 08:24 PM
Years ago, long before I met Cathleen the Leggy Blonde and came to be so joyously entwined if not actually entombed in matrimonial and connubial bliss, I wrote an essay about personal ads at the dawn of the age of five-hundred-channel television. But now, in the blink of a decade, we are on the verge of five-hundred-thousand-channel television, a net.wise video niche for every conceivable itch.
That goes for BloodhoundBlog, too, by inches and hours, in fits and starts. By tomorrow, we will have published ten audio and video podcasts in the few scant weeks since the start of the year. And … (2 comments)

real estate: Glenn Kelman on Redfin.com's move into Southern California: "I've never had to think so hard in an interview in my life" - 02/08/07 12:48 PM
Extracted from BloodhoundBlog:Here's the newspaper news, and we'll come back to it in due course: Redfin.com today opens three new offices in Southern California: Los Angeles, Orange County and San Diego. The company has expanded its web site to include listings from nine Southern California MLS systems.Here's the real news, which emerges from a forty-five-minute podcast interview made by BloodhoundBlog contributor and San Diego-based Realtor Kris Berg with Redfin.com CEO Glenn Kelman: Redfin.com is not profitable at present and may never achieve a reliable state of profitability. Most notably, Kelman's willingness to reverse himself on unpopular but cost-saving policies may ultimately … (0 comments)

real estate: BloodhoundBlog week in review: Nothing exceeds like INTx . . . - 02/05/07 12:51 AM
Surely BloodhoundBlog is not the nerdliest joint on the RE.net, but we’ve still got a lot of arrows in our quiver — er, pocket protector.
For a start, I pinned the tail on Redfin, arguing that nerdy INTx geeks are in fact their target market. (Sing along: “I’m fluent in JavaScript as well as Klingon.”) Kris Berg snagged an interview with Redfin CEO Glenn Kelman, himself a palpably INTx specimen. We have to sit on her podcast until Thursday, but Kelman’s confirmation that the brokerage target markets techno-geeks is not an embargoed tidbit.
Kris had a great Redfin post of her own as … (7 comments)

real estate: BloodhoundBlog week in review... - 01/28/07 07:00 PM
BloodhoundBlog week in review . . .By: Greg SwannJanuary 28th, 2007Category: Blogging, Disintermediation, Real Estate, MarketingWe had quite a week at BloodhoundBlog. If you haven’t had a chance to stay abreast of the trail we’re running, here’s a summary of the week’s most significant weblog entries.
We added three new contributors this week, starting with real estate investor Michael Cook, who brought us The Right Time to Buy: An Investor Perspective, Out of State Investing: All Sizzle, no Steak and A Different View of Diversification.
Our second new arrival, Jeff Turner, is an entrepreneur producing video tour commercials for listing agents. His inaugural … (5 comments)

real estate: What Isaac Newton knew about mortgage lending - 01/08/07 10:45 AM
This is an extract from a BloodhoundBlog post by Chicago-area Mortgage Planner Dan Green:I recently wrote about sub-prime loans for the first time in a long while because the sector should start taking more headlines in the papers.I'd hate for you to be unready for it, of course.  Sub-prime loans are a big part of mortgage lending."Sub-prime" is a broad-sweeping term for the large percentage of loans that won't get bought by the quasi-government agencies Fannie Mae and Freddie Mac.  The opposite of "sub-prime" is "conforming", as in: these loans conform to the guidelines set forth by Fannie Mae and Freddie … (0 comments)

 

Greg Swann

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