ARCHIVED BLOG POSTS
2009
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Peter Schiff has been right about housing, but wrong (so far) on inflation. Here is a video by Peter Schiff, explaining homes-as-shelter vs. homes-as-investments. I agree with most of what he says in this video. The only parts that I disagree with him on have to do with the dollar and his expecta...
10/28/2009
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Realtors like to tell each other that home prices are going up and now is the time to buy. I get industry garbage in my inbox every day. I don't know why they do it...maybe as a little "pep talk". Maybe they are practicing telling the lie a few times to friends before talking with clients. Whatev...
10/28/2009
Existing home sales didn't rise, they fell. As reposted on HousingStorm earlier today, The National Association of Realtors report that Existing Home Sales Rose in September Both the headline and the data behind it are misleading. Barry Ritholtz took his gloves off: Existing Home Sales fell 5.4% ...
10/23/2009
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Two home price forecasts for 2010 came out this week. One predicts prices will rise. One predicts they will fall. First American Core Logic predicts prices will rise. From The Orange County register Calif. house prices projected to jump 7.9% U.S. house prices will stop falling in March and are pr...
10/23/2009
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Bank of America is sending out a report to help agents and their clients better understand the implications of short sales and to explain BofA's short sale process. Most of this is common sense and common knowledge. There were two parts that I thought were interesting. A short sale is now "only e...
10/21/2009
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Doing more chores around the house will get you more sex. This is only loosely related to real estate (cleaning it anyway), but it's an interesting story that's worth a look. The Wall Street Journal reports Housework Pays Off Between the Sheets A new study shows that for husbands and wives alike,...
10/21/2009
Banks are still delaying foreclosures in California. Though the number of NODs will probably be a record for 2009, it doesn't mean much because the banks aren't following through with the foreclosure. From DataQuick News California Mortgage Defaults Trend Down Again The number of mortgage defaul...
10/21/2009
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With the collapse of the housing market, development of new land for housing has come to a much-needed halt. As builders try and unload extra land, conservation groups are buying up precious parcels. The San Francisco Chronicle reports Developers' bust proves a boon for land trusts It was a joyou...
10/20/2009
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"The Money Shot" The Colbert Report Mon - Thurs 11:30pm / 10:30c The Money Shot www.colbertnation.com Colbert Report Full Episodes Political Humor Michael Moore
10/20/2009
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It's time to debunk some myths about subprime loans and borrowers. Remember when our subprime loan problems were contained? Researchers for the Cleveland Fed, Kent Cherry and Yuliya Demyanyk write Subprime mortgages: Myths and reality Myth: Subprime mortgages went only to borrowers with impaired ...
10/19/2009
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