I happened upon an HGTV re-run the other morning while waiting, impatiently, for the French press water to boil. I stood before the ubiquitous 42 inches of plasma in our kitchen (itself, a residential multi-plex food prep/family room, laptop wireless docking station, and occasional espresso/dessert/wine/tapas bar for ourselves and the ever present house guest, […]
Search Results: “bubble” (page 4 of 11)
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[Kicking this back to the top. Cathleen is trying to get the very willful Ophelia to walk to her heel, and that put me in mind of this song, which I wrote almost four years ago. –GSS] So: This is a long way in… First, Ophelia, our newly-adopted Redbone Coonhound, gets all over the nerves […]
From The New York Post: The latest numbers suggest we’re finally at the beginning of the end of the housing correction — no thanks to Washington. Last Thursday’s numbers from Realtytrac seemed like bad news. In August, foreclosure auctions hit their second-highest monthly total in the report’s history: 147,003, up 9 percent over the month […]
From the Wall Street Journal, complete with video, is Brett Arends take on why now might be a great time to buy a home. This is the action item to follow Greg’s last post on Why Housing will come back. I’m in a very seasonal, resort type of market. A buyer’s negotiating position right now, […]
Urban savant Joel Kotkin in Forbes magazine: What we are going through now is not a sea change but a correction from insane government and business practices. The rise in homeownership from 44% in 1944 to nearly 70% at the height of the bubble reflected a great social democratic achievement. But by the mid-2000s government […]
The only thing this marketing ignoramus can say with unshakeable confidence, is that marketing ain’t sales. The rest I’m not all that sure about. Though to be fair, the more I read, the more I’m confused. So many of those who put bread on the table giving marketing advice, disagree vehemently with each other on […]
Yesterday was no day at the beach. Okay, technically I suppose you could twist the facts around and put a major league, curve ball spin on it and call it a day at the beach. You know, if you want to get hung up on little details like how I spent the entire day at […]
Two days ago, FNMA announced their new policy regarding strategic defaults; it’s a mortgage death penalty: seven years before the offender is eligible for another FNMA loan. Finally, they got one right. Yes, you read that correctly; if you make your profession in the business of real estate, Wednesday’s announcement is cause for celebration on more than […]
I’ll say it out loud; I like that Arizona Immigration Law. I was initially unclear about it but I read the text , alongside the text of the 4th Amendment. For me, it boiled down to what an “unreasonable search” is and what is “reasonable suspicion“. At the end of the day, I have to […]
My stompin’ ground is San Diego. When the bubble burst here, the median price for a single family residence was within shoutin’ distance of $600,000. To give you some perspective on that number, my first ever listing was a 4 bedroom home in a blue collar area in October of 1969 — $18,100. It didn’t […]
The New York Times is reporting what everyone at Bloodhound Blog has known for a long time about the Federal Government’s attempt to encourage loan modifications: The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done […]
This is just ugly….. Let me attempt to explain. Goldman Sachs came out with their economic forecast. Here’s a brief summary of it: Mediocre growth until late 2011. Unemployment peaking at 10 3/4 in the middle of 2011. Extremely low inflation through 2011 Low interest rates through 2011 (at least the ones the Fed controls.) […]
…at least not yet. On Sept 24th when the Google Blog announcement of Google Places was posted, there was no mention of Place Pages for Real Estate: “A Place Page is a webpage for every place in the world, organizing all the relevant information about it. By every place, we really mean *every* place — […]
Okay, a couple of things that this chart assumes: That from 1975 to 1999 was “normal” enough to indicate a statistical trend. I think the case could be made that it was. That we’re going to eventually get back to that trend line. I think a case could be made that we will. If both […]
Here’s what I wrote about item #1 on the list last time: 6 months ago is ancient history. What your neighbor sold his house for 6 months ago doesn’t matter. What the seller was asking for the house 6 months ago doesn’t matter. What matters is what the market will support today. So, how are […]