ARCHIVED BLOG POSTS

2008 

With consumer confidence at its lowest levels in 16 years and new reports that the housing market is continuing its downward spiral, politicians in Washington have been eager to clip on their capes and rescue the floundering market. By a vote of 83 to 9, the Senate agreed to end debate on a housi...
06/30/2008
The attorneys general of Illinois and California both filed lawsuits on Wednesday against lending giant Countrywide. The lawsuits allege a wide range of suspect dealings with customers, which led to spiking foreclosures. The Illinois suit, filed in Cook County Court, names the company and CEO Ang...
06/27/2008
                                               The S&P/Case-Schiller index, the closely watched barometer of home prices, showed prices in 20 major cities declined a record 15.3 percent in April, compared with April 2007 - essentially rolling prices back to 2004 levels. In a separate report from ...
06/26/2008
NFL bad boy Adam "Pacman" Jones ain't no Ed McMahon, but the two have a little more in common these days then they'd like to admit. The recently signed Dallas Cowboy cornerback joins the infamous list of celebs hit with foreclosure notices this year. I recently blogged about the housing woes of M...
06/25/2008
The housing market meltdown, along with the energy crisis, have many people rethinking where they're going to buy their next home. Recently a segment on ABC News "Good Morning America" reported that U.S. suburbs are slowly loosing residents due to high gas costs and home-value depreciations in ce...
06/24/2008
Do you live in an eco-friendly designed home and want to give props to the designer behind your masterpiece? The National Kitchen & Bath Association will be recognizing innovative approaches to water and energy savings in the bath with a new Best Sustainable Bath Award category in the 2009 NKBA c...
06/20/2008
When my best friend moved away to San Diego five years ago, I thought she was crazy. There's no subway system, the cost of living is ridiculous, and on top of that, she's deathly afraid of stepping into the ocean. When I finally went to visit her, I could understand why she never wanted to move b...
06/19/2008
                                             Builder confidence in the market for newly built single-family homes edged down in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index, which gauges home builders' assessment of the housing mar...
06/18/2008
In an effort to stabilize declining home values in certain neighborhoods and help mortgage lenders, the Bush administration announced on Friday a temporary policy that will extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties. For one year, ...
06/17/2008
                                           For the second month in a row, California and Florida cities accounted for nine out of the top 10 metropolitan foreclosure rates among the 230 metropolitan areas tracked by RealtyTrac, which monitors a national database of foreclosure and bank-owned prop...
06/16/2008
Rainer
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