Real estate blog entries tagged with housing by Mark MacKenzie Real Estate Planning

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Home : Blogs : Mark MacKenzie : The Blog of Author Mark MacKenzie: It's The Housing Market, Stupid! : Tag "housing"

housing: The Eye of The Storm - 05/22/09 07:26 AM

Wall Street will be facing "a headwind of continued losses for the better part of five years", that according to Whitney Tilson, the founder of hedge fund T2 Partners during a recent interview on CNBC.
Tilson estimates that over $1 trillion in residential and commercial real estate losses are still yet to come.

The perfect storm for this type of dire prediction is not complicated. When you combine hundreds of billions of adjustable rate mortgages with 600,000 job losses per month the result is going to be a prolonged housing depression which is going to further complicate the banking sector and broader economic stability.
… (5 comments)

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