markets: It doesn't matter - 01/07/08 08:46 AM
Homes and Houses don't matter. Interest Rates and Fees don't matter.
Jobs and Paychecks don't matter.
Closed Deals and Pipelines don't matter
It is Humans that matter.
I can't help but wonder how many lives are deeply effected each and every day by this market?
For a minute... think about … (7 comments)
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markets: Level 3, FASB 157, and My 10 Taxi's - 11/14/07 09:01 AM
Starting tomorrow, the rules for how a company carries a particular asset on it's books is going to change.
The Financial Accounting Standards Board These are the guys who set the rules for all accounting here in the United States. I'm talking about FASB 157. If you go to the website you … (13 comments)
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markets: Feel the Pain - 08/08/07 09:13 AM
At first I was just going to let this slide off into obscurity. I can't.
On Friday, I watched Jim Cramer of CNBC have his own personal on camera meltdown. I'm not a big fan of Cramer, but I certainly can feel his pain.
Cramer was upset by the Fed's not paying attention … (17 comments)
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markets: Please Fasten Your Seatbelts... - 08/07/07 12:09 PM
In the Wall St Journal today is an article, "Mortgage Fears Drive Up Rates On Jumbo Loans".
I want to draw your attention to the chart that's included. In particular, it shows the 10 Yr Treasury Bond Yield and both the Conforming and Jumbo Rates since last January.
Let me make this … (6 comments)
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markets: You Only THINK You Were Approved - 08/02/07 09:39 PM
You better start paying attention. This is not a post about Sub Prime. Sub Prime has it's woes, and it doesn't matter if it's rightfully deserved or not, Sub Prime is in a world all it's own. Or so we thought.
On Monday, trading for a American Home Mortgage, a large … (13 comments)
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markets: 10 Year Treasury Note Truth - 06/12/07 06:15 PM
The truth is that the 10 Yr. Treasury Note does NOT create long term mortgage interest rates.
The truth is that it tends to mirror them.
So when we see a 3 month period like this...
and we see a 5 Day period like this...
And we see a morning turn into an afternoon … (2 comments)
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markets: Is it just me? - 06/11/07 11:00 AM
Maybe it's just the power of the free markets, Maybe the skyrocketing price of rare metals,
Perhaps... Perhaps not.
I think it is just a gleaming example of our glorious system of capitalism in action.
Find a need and fill it - That's the American Way.
Have you noticed the various … (0 comments)
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markets: How far down will NODs drag you? - 05/26/07 02:27 PM
As I watch my list of Notice of Defaults / Foreclosures rise and rise each month, I have to wonder just how devastating the effect of this will be on surrounding homes.
Here is a quick overall picture on what usually happens.
As a homeowner starts to struggle the first thing that happens … (8 comments)
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markets: Existing Home Sales for April 2007 - 05/25/07 10:35 AM
The National Association of Realtors just released the data for the existing home sales nationwide.
I have a bias towards the "Existing" figures as opposed to the "New" home sales which were reported yesterday.The Existing numbers are based on facts. Sales that have closed. They also account for 85% of … (0 comments)
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markets: Existing Home Sales UP! - 04/03/07 05:48 PM
Good News!The National Association of Realtors (NAR) released their numbers for Existing Home Sales in February.Internally this is called the PHSI, or Pending Home Sales Index.It tracks the number of contracts signed.Nationally, the number of sales of existing homes rose in February .7% over January numbers.
The biggest gains were in the … (0 comments)
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markets: East Bay, Hot Bed of Defaults - 04/03/07 04:43 PM
I read an article in the Contra Costa Times yesterday.It was also covered by all the news stations."Loan Defaults are the Worst in the East Bay!"Hey, I can see that.I blame all sorts of people here: LINKGood people have been mislead into signing for more house than they can honestly … (0 comments)
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markets: Close the Window! - 03/30/07 06:58 PM
You may have heard reference to the "Credit Window".You haven't? You will soon because it's closing!Don't worry, it won't close all the way, just part way.Maybe a little explanation is in order.The term refers to the availability and ease of granting credit.You've read the headlines and heard of the Sub … (2 comments)
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markets: The D Word - 03/30/07 10:27 AM
Let me take you back to the 70's...1977 to be specific.I had just graduated from Las Lomas High School in Walnut Creek, CA.It was a hot dry summer but more importantly I remember they called it a drought.Technically a drought is more than one year. A single year is called a … (2 comments)
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markets: Volatility Kills - 03/05/07 10:42 AM
Volatility.In Chem class we learned volatility was about how fast something went from liquid to vapor."The higher the volatility the faster our beaker of blue stuff evaporated."I know that because that's exactly what Susie D. (my lab partner) wrote down for Problem 17 on the big test.
And that's exactly what I … (2 comments)
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markets: Fuzzy Numbers - 02/28/07 01:21 PM
Each month we get two reports back to back.The Existing Home Sales Report and the New Home Sales Report.While they sound like they are pretty much the same they are indeed drastically different.The Existing Home Sales Report derives it's figures and data from The National Association of Realtors. It's based on … (0 comments)
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markets: Doom and Gloom... - 02/28/07 10:59 AM
While this is a stock market (equity) story it also has dramatic parallels to the housing market. I was talking to one of my stock market friends last night about yesterdays stock market drop. This guy has worked on Wall St, he's been down in the pits, he's a true … (3 comments)
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markets: CPI and what it all means - 02/21/07 12:51 PM
I last wrote about CPI 2 months ago (back in December).It had to do with the November CPI and Core CPI dataSometimes I like to go back and read what happened and why.It gives you a perspective on how topsy turvy the markets can be sometimes.Here's the post from December: LINK
Here's … (0 comments)
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markets: Conspirator or Patsy? - 02/21/07 10:57 AM
Who's to blame?No this isn't about Lee, I'm talking housing and Sub Prime Lenders.I've posted about the Sub-Prime Lenders taking heat in the news for making so many bad or questionable loans. I've also posted recently about the closing of doors for some of these companies. It all comes back … (2 comments)
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markets: Scarcity is a Value - 02/06/07 11:42 AM
Over the weekend we held our Investing in Real Estate: 101 seminar.We filled the big room of the Walnut Creek Marriott. 150 people if I heard right.No room for walk ins.I heard nothing but good comments so far.One of the best things (I think) in doing these seminars is that each … (7 comments)
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markets: BUY, SELL, HOLD - 02/01/07 10:56 AM
We're doing another Investing in Real Estate 101 seminar this weekend.This one will be at the local Marriott in their largest room.And guess what?I just found out we're overbooked!Not only are we sold out, we're really oversold!"I'm sorry Mr. and Mrs. Smith we're going to have to bump you to a … (1 comments)
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