Jim Hood's (jimhood) Blog

Mortgage and Lending - Cumulus/Ann Arbor Radio



The Government reported a slow down in GDP growth with the housing market taking a big bite, almost 1%, out of the GDP number.  The most current reading shows a growth rate of 1.3%, down sharply from 4th quarter 2006 of 2.5% growth rate.  The article on CNN, http://money.cnn.com/2007/04/27/news/e...
As most people have already read, homebuilders accross the nation are struggling.  Inventories have increased, prices have dropped and new home sales are down.  Almost every national and local homebuilder has been adversly impacted during this down turn.As CNN reports today, http://money.cnn.com/...
Looks like our figures are finally showing what we have all seen over that last 6-12 months.  According to CNN.com, http://money.cnn.com/2007/04/24/news/economy/home_sales/index.htm?postversion=2007042410, home sales and prices have dropped.I'm sure there are a number of reasons for the drop such...
Another mega banking merger is in the works.  ABN AMRO is selling out to Barclay's, a British Bank, to create the Fifth larges banking institution in the world.  As part of the deal, ABN is going to sell it's LaSalle Bank to Bank of America.While usually a merger is a good sign for the industry a...
In our challenged market it is always important to realize that there are opportunities when there are challenges.  I have heard, from various Realtors, that investors are back in Michigan looking to take advantage of Real Estate oppotrunities.  This is a good sign for our market and may indicate...
Welcome to my first blog!  Thank you Todd Waller from Real Estate One for referring me to this resource.The number of foreclosed homes in Michigan keeps on climbing.  All of the issues in Michigan are further compounded by the collapse of the sub-prime mortgage business.  As we all know, this has...

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