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“The Laborers International Union of North America (LIUNA) has suggested that a new assembly bill be introduced in California to bar homebuilders from involvement in the mortgage business.”
Phoenix: April Phoenix Home Sales Reach Boom Time Levels
“Speculators and prospective home owners came out in droves to buy homes in the Phoenix area. M did an early check of the sales numbers, and heres the unofficial sales for April”
For Mortgages, a Pain in the Alt-A
” Early evidence of at least some relative improvement among securitized subprime loans likely wont matter much to mortgage markets overall, thanks to fast-increasing pain in other sectors of the mortgage market. According to early surveillance data released Friday by Clayton Holdings, Inc., both subprime and Alt-A delinquencies continue to grow, but patterns within overall delinquency trends show just where the pain in the mortgage market really has shifted to.”
hope now: foreclosure starts hit record high
“Foreclosure alliance Hope Now completed 249,000 loan workouts in March, up slightly from the 244,000 a month earlier.”
Related Websites -
Ben Stein Not Hot On Real Estate Here's an excerpt from Ben Stein's column about why he thinks real estate isn't such a great investment.That means the house has kept up with inflation -- barely.In fact, when I do the math, I realize that it hasn't fully kept up with inflation. Plus, the owner would have had...... -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... - Review of Millionaire By Thirty Douglas Andrew’s book reads like a rejected first draft of Rich Dad, Poor Dad and right off the bat, it’s kitschy premise (ripped right from the above book) falls more than a little flat. In order to illustrate his points, the author relies on his sons and their imaginary......
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The Commercial Real Estate Blog-O-Sphere News #11 - The Future Greetings from the squirrel capital of the world....Cedar Crest, NM! If you are watching the news, you are aware that the "year in review" news segment is almost in rerun mode. Well, I thought I would show you a few videos from the blog-o-sphere of what the prognosticators are saying...... - Is It A Good Time To Invest In Real Estate? Even though I've experienced phenomenal returns in real estate, I think its getting exceedingly difficult to invest in that asset class. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. If you a......
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