foreclosure: Not Even Halloween is Recession Proof in Alexandria's Del Ray Neighborhood - 10/24/09 03:40 PM
One of our neighbors at 210 Monroe Avenue in Alexandria's Del Ray neighborhood has taken Halloween decorating to a whole new level with this "vivid" depiction of events of the past year or so in the financial markets. 
As much as I like to take the "high road" I have to admit that the image of Bernie Madoff makes me chuckle and I think the little pigs are really appropriate.

 


 
Thanks to one of our regular subscribers for alerting us to these great images.  Stay tuned tomorrow for scenes from the Del Ray Halloween Parade.
Michael
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foreclosure: Foreclosure Effect on Home Prices Is Small According to Economists - 09/07/08 09:47 AM
Despite a report Friday from the Mortgage Bankers Association (MBA) that U.S. foreclosures hit a record high in the second quarter of this year, it doesn’t necessarily translate into big declines in home prices.
Reporting in a new and first-of-its-kind study from the National Bureau of Economic Research, The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil, a trio of economists note:
“Even in the face of an extreme foreclosure wave such as that experienced in 2007, our evidence indicates that foreclosure shocks have relatively small effects on U.S. house prices.”

The authors’ model incorporated MBA foreclosure and OFHEO* … (0 comments)