All about loans - mainstream-media

Harvard Misses the Housing Bust Again: How Harvard Missed the Real Estate Bubble Bursting.

Mon, 23 Jun 2008 23:57:50 +0000

I’ve been digging through the 44 page State of the Nation’s Housing report put out by the Joint Center for Housing Studies at Harvard University. The report is chock full of excellent data yet once again they miss on a few of their forecasts. I’ll get to the data in the current [...] Related Posts: ■ How I learned to Love SoCal and Forget the Bubble! ■ Sins of Years Ago Come to Haunt the Housing Market: Foreclosure is a Slow Process in California. ■ Realtor Mantra: Buy Today, buy Tomorrow, buy Yesterday! ■ Tell me the Sales Data: You Can’t Handle the Sales Data! ■ California Examined: The Deep Budget Impact of the Mortgage Crises.

Ross Perot Charts: How I Learned to be a Housing Blogger from Ross Perot.

Fri, 20 Jun 2008 15:54:45 +0000

Try for a second to flash back to 1992. What were you doing back then? Like many during this time, you may have been feeling some of the pinch from the 1990-91 recession. Even though recessions may have exact dates, their impact is powerful years before and after the official dates. [...] Related Posts: ■ New Century Financial Now Has A Market Cap of $92 Million and Owes $8 Billion. Now That is Leverage Baby! ■ I Am Facing Foreclosure: Response to Casey ■ Two Faces of Housing Panic: Schadenfreude and the Lender of Last Resort. ■ Housing Bloggers Unite: The Housing Blogger Network (HBN) has Started. ■ About

3 Captivating Housing Stories: Trouble in the 90210: When Beverly Hills Isn’t Prime. Vote yes for Multiple Foreclosures. T

Thu, 05 Jun 2008 18:40:09 +0000

The bigger they are, the harder they fall. That mantra is now being witnessed first hand by many prime areas of Los Angeles County. Luxury properties have a very specific and niche based market. They cater to a very unique audience that usually resides outside the confines of the average [...] Related Posts: ■ Real Homes of Genius: Today we Salute you Beverly Hills. When the 90210 Simply Isn’t Enough. ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California’s Gold! ■ This Housing Mess is Getting Ugly and Your Face Shows it. Unintended Consequences of Lost Home Equity. ■ Real County of Genius: Los Angeles County Reaches Another Record: $540,000 Median Price. 3 Reasons why this Number is a Fabrication.

Credit Crisis Part Deux: The Noise in the Housing Attic.

Tue, 03 Jun 2008 16:37:22 +0000

I think the best way to discuss the “reemergence” of the credit crisis is to remember a childhood story. Remember that time your family was throwing a party and you were concerned about crazy grandma going off on her usual rants? You thought carefully about what you were going to do since you [...] Related Posts: ■ Two Faces of Housing Panic: Schadenfreude and the Lender of Last Resort. ■ The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression: Part X. Data Mining. ■ Manias, Panics, and Crashes: 2007 First Quarter All-Stars – Foreclosures, Subprime, and Politics. Five Characteristics of a Housing Bubble. ■ A Bubble That Broke the World: Lessons from the Great Depression Part IX. When Credit is Debt. ■ Just Because you Crawl Today, Doesn’t Mean you Won’t Walk Away Tomorrow from a Home: The Next Chapter in the Foreclosure Crisis.

Housing Contradiction: Home Prices Down = Sales Up. Any Questions?

Tue, 27 May 2008 16:06:44 +0000

I’m about to reveal an extraordinary secret, one that rivals the coordinates for the lost city of Atlantis. As experts and government officials are now in their second year of scrambling for housing solutions it appears that we have found one that works. Here it goes; when you lower prices you actually move [...] Related Posts: ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ About ■ Putting Home Sellers on the Couch: The Psychology of why Sellers Refuse to Lower Prices. ■ Consulting ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale.

Just Because you Crawl Today, Doesn’t Mean you Won’t Walk Away Tomorrow from a Home: The Next Chapter in the Foreclosure Cri

Sun, 11 May 2008 04:03:07 +0000

This weekend I’ve gotten many e-mails talking about the walking away “myth” and an onslaught of articles now addressing the issue. For those of you that read many of the economic and housing blogs, this is something you are already familiar with. In fact, there has been a sudden shift of trying [...] Related Posts: ■ New Century files for Chapter 11. ■ Real Homes of Genius: Today we Salute you Stanton. ■ Real Homes of Genius: Today We Salute you Artesia. 626 Square Feet of Barbie Love for $360,000. ■ Dr. Housing Bubble Examines Patients of the Housing Bubble. ■ Ponzi Financing – The House that Credit Built.

Zillowed, Disappearing Inventory, and Free Housing: 3 Major Psychological Reasons Why Housing is Still Declining and Living Ren

Thu, 08 May 2008 06:15:39 +0000

You know you do it. Deep down you know you feel a bit sneaky when you do it like going on a clandestine secret mission. I would venture to guess that you have Zillowed yourself or homes in your neighborhood. Welcome to the major equalizing force in the housing game, information. [...] Related Posts: ■ Living Large on $25,000 a Year in Southern California. ■ Real Homes of Genius: Today we Salute you Monterey Park. 800 Square Feet for $479,000. ■ Real Homes of Genius: Forget Buy 1 get 1 Free Deals. How About 3 for the Price of 1. Today we Salute you Riverside. ■ 5 Reasons Why The Housing Market Will Continue to Decline Until 2010: Extrapolating The Free Ride Bird and Dancing with the Housing Pied Piper. ■ The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern California.

No Housing Bottom: Hell Hath Frozen Over. David Lereah Proclaims Housing not Hitting Bottom.

Tue, 06 May 2008 18:07:16 +0000

There are moments in history that change the world profoundly. The fall of the Berlin Wall. The industrial revolution and the impact it made on our society. And finally, David Lereah, the former National Association of Realtors chief economist telling us that that things will get worse before they get better? [...] Related Posts: ■ Did you Feel That? Housing Just Hit the Third Rail. ■ Mission Accomplished: 3 Housing Issues: Multiple Bottoms, Declining Dollar, and More Sub-prime and Alt-A Defaults. ■ Even the Harlem Globe Trotters Couldn’t Spin Today’s Housing News! ■ Think Housing Can’t Go Down Significantly in Southern California? ■ California Budget Details: How the Recession Will Affect Revenues for the State.

Thanks to the Housing Bubble, I Made $500,000 with a High School Diploma: The Stockholm Syndrome and Defending the Perpetrators

Sat, 12 Apr 2008 00:27:43 +0000

Today the market tumbled again reflecting the underlying reality that earnings are much weaker than expected and this will have a long and deep impact on our economy. This isn’t going to be a minor downturn but potentially a severe one. The market wasn’t dragged down heavily even after all the craptastic data [...] Related Posts: ■ Dr. Housing Bubble Examines Patients of the Housing Bubble. ■ Real Homes of Genius: Today We Salute you Huntington Park. Tweedledum and Tweedledee of housing. $500,000 Homes in Wonderland. ■ When The FBI Gets Involved, You Know We Are in a Bubble! ■ Real Homes of Genius: $463,000 Price Reduction in Bell! I Just Saved Close to $500,000 by waiting 4 Months! ■ Real Homes of Genius: End of $1 Million Home in Pasadena and the Extinction of Mortgage Equity Withdrawals.

The Abyss is Deep: The Housing Abyss is Deep: 4 Major Reasons Why Housing in Southern California is Nowhere Near a Bottom.

Tue, 08 Apr 2008 07:30:45 +0000

There seems to be a crescendo rising from the Southland that we are now nearing a market bottom in real estate. The argument goes a little something like this: prices have fallen significantly, inventory is still at peak levels, and rates are still historically low that the water is now warm for any [...] Related Posts: ■ Real Homes of Genius: Today we Salute you Glendale. When Prime is no Longer Prime and WaMu Dilution. ■ California Budget Details: How the Recession Will Affect Revenues for the State. ■ Don’t Catch a Falling Guillotine: Housing Free Falling in Southern California. A Deep Look at the Numbers. ■ Sexy Bottom: The Naked Truth of the 10 Percent Southern California Housing Drop. ■ California Examined: The Deep Budget Impact of the Mortgage Crises.

Parallel Universe: Housing Still Hurting on Main Street while Wall Street Celebrates.

Tue, 25 Mar 2008 05:15:01 +0000

What is occurring right now is reminiscent of what occurred after the subprime worries of February of 2007 dissipated for a few months. During this time, a few high profile companies such as New Century Financial started showing problems in their subprime portfolios and caused the DOW to drop 415 points. In this [...] Related Posts: ■ The Short Sale Report: Volume 1 – The True Barometer of the Housing Market ■ The Psychology of a Crashing Housing Market: Sending in Your Home Keys Just Got Easier. ■ Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000. ■ Dr. Housing Bubble Celebrates Monumental 100th Post! Top 10 Housing Articles. ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale.

Two 400+ Point Days in Two-Weeks: Why this is Horrible News for Housing. Volcker and Protecting your Mac.

Thu, 20 Mar 2008 06:35:40 +0000

So much for the 420-point rally. The euphoria only lasted one day and volatility is going haywire in every market including a massive sell off in commodities. So much for juicing the credit markets with another rate cut. I’ve been seeing an argument being thrown around that having two 400+ point days [...] Related Posts: ■ Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000. ■ Real Homes of Genius: Today we Salute Inglewood. Bought in 1970 for $20,000 now selling for $397,400. ■ Wrong and Wronger: Compounding the Mortgage Mess with Bigger Mortgages. ■ What Did I Tell You? If a Butterfly Flutters in Brazil The Subprime Market Will Collapse. Dow Down 415+ Points. ■ Real Homes of Genius: Today we Salute you Artesia. Half-off Sales Going on in Southern California. Federal Reserve new Pawnshop Function.

Will the Housing Market Drop out of the Race? Quick Media, Tell me how to Think! 3 Important Tips Buying in a Crashing Housing

Thu, 06 Mar 2008 08:23:31 +0000

Last week, the media was beating the final march song echoing the sentiment that Senator Clinton was down and out. In fact, early on March 4th, before any results were coming in, the media was heaping up a serving of speculation of which party elders were going to tell the candidate the bad news [...] Related Posts: ■ The Psychology of a Crashing Housing Market: Sending in Your Home Keys Just Got Easier. ■ When will my home cost me an ARM and a leg? ■ DataQuick News: Much Ado About Nothing? ■ Keep Housing and Monetary Policy in the National Debates: Donate to Dr. Ron Paul ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale.

5 Reasons Why The Housing Market Will Continue to Decline Until 2010: Extrapolating The Free Ride Bird and Dancing with the Hou

Sun, 02 Mar 2008 03:29:44 +0000

Many know the story of the Pied Piper of Hamelin. Legend has it, that in 1284 the town of Hamelin Germany was suffering from rat infestation. The townsmen where worried and desperate for any help. In comes a man in colorful garment promising the town that he would lure the rats away. [...] Related Posts: ■ C.A.R. says 2007 will see a -2% Drop in California. Does This Feel like a 2% Yearly Drop? ■ The Super Mortgage Market Birth Story: CDOs, Mezzanine, Unrated Tranches, and a Touch of Greed. ■ Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year. ■ Seeing is Believing: Los Angeles is in Another Housing Dimension. Let us Look at the Numbers. ■ People Still Asking for Nothing Down Loans: This Free Bus is Coming to a Stop.

Forecasting the Societal Impact of the Housing and Credit Crisis: Recession Trends and Psychological Changes Regarding Housing.

Sat, 09 Feb 2008 21:12:05 +0000

Last week we were presented with a very weak service sector report. The Institute for Supply Management issues a monthly report on non-manufacturing employment and market sentiment. The market was expecting a reading from 52 to 53 on the scale and we ended up getting a reading in at 44.6; anything below a [...] Related Posts: ■ $5 Trillion in Housing Wealth Gone: The Impact of the Housing Bubble Bursting ■ The Menace of Mortgage Debts: Lessons from the Great Depression Series: Part IV: Where do we go After the Housing Crash? ■ Summer and Housing in the Garden of Eden. 3 Reasons Why Housing Will Soar This Summer! ■ Global Housing Bubble: International House of Subprime Lending. ■ Housing Bubble Blog News on the Decline Year-on-Year? What is Going On?