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mortgage implosion: Housing Sales Down? Why would you think they'd be up? Seriously. - 01/25/10 02:35 PM
THIS BLOG WAS UPDATED FOR 30-YEAR NUMBERS IN THE TABLE BELOW.
 
To all those economists, bankers, policy makers, media types, and NAR folks who are surprised housing sales are down nearly 20%:  DUH! 
Alex (Trebek), I will take the totally obvious for $1,000, please.
I hear all over the media today that you're all surprised that the housing sales have dropped?  REALLY?!?!
Here's why you should HAVE realized that this tax credit (and its spawn) will do NOTHING to increase aggregate sales, only pull them forward.
The home sales drop is a two-fold story: The Stimulus only rearranged sales (pulled them … (55 comments)

mortgage implosion: When do the "Product Liability" Lawsuits Start? Or, why aren't sub-prime loans like exploding Ford Pintos? - 07/30/09 10:56 PM
As our nation has tumbled - and, hopefully, stabilized - through this cascade failure of ethics and rampant illegalities in the housing market, my mind turns to the people most hurt in this process:
The remaining, decent, hard-working homeowners whose homes are SO FAR UNDERWATER that they can only be listed by Jacques Cousteau! A significant number (estimated in the 20%+ range, but as HIGH AS 58% in Nevada, see chart: http://1.bp.blogspot.com/_pMscxxELHEg/SbBiutEMTvI/AAAAAAAAEts/B8th8T3WLjg/s1600-h/PercentMortgagedNegativeEquity.jpg ) are now underwater on their homes.  Yet, they pay their mortgages on time. State, local and school coughers now drained from reduced property valuations/taxes and/or lost transfer taxes … (0 comments)

 
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Michael Clarkson

Castle Pines North, CO

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Snow Coast Real Estate

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Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in Realtor® Magazine three separate times, Denver Post, Denver Business Journal, KOA Radio, KHOW Radio, and the Colorado Radio Network. Michael is a licensed Managing Broker in Colorado and a GRI (Graduate Realtor® Institute). Michael has an MBA in International Business from Regis University in Denver.


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