jim cramer: NAR Quarterly Metro Home Price Report - 05/15/09 02:39 AM
Every quarter the National Association of REALTORS publishes their metro home price report for over 150 markets across the country.  The report shows the quarterly median home sales price for individual metros as well as the percentage change from last year.
Their newest first quarter of 2009 report showed that while "all real estate is local", nearly 90% of markets showed a year over year decline in home prices.  Clearly some declines were more than others, but the report is a reflection of the fact that the housing depression is not a phenomenon that is isolated to just CA, FL, AZ, and NV.
In … (2 comments)

jim cramer: Flash back to Jim Cramer in August of 2007 - 10/20/08 08:08 AM
So I am in the process of finishing up my newest book, "It's The Housing Market, Stupid!" and in one of the chapters I talk about the events of August of 2007 as well as CNBC's Jim Cramer's reaction to the crisis in the secondary mortgage market where he calls St. Louis Federal Reserve Prseident William Poole "shameful."

Cramer is not always right, but he is going to tell you what he thinks.  And this unvarnished honesty can be welcome in a world of spin doctors.
It is a really funny video clip that concludes with Cramer jokingly saying, "Just go buy … (0 comments)

 
Mark MacKenzie

Mark MacKenzie

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