Browsing TechCrunch today, we came across a site we had visited before, HotPads.com, that provides a fair bit of mashing goodness, and were reminded that we had never posted on the matter. Given all the continued hoopla in the media over the perpetual demise of real estate and the end of the world as we … Continue reading Mercury rising? San Francisco foreclosures on the increase?
How’s that for a headline? Get your attention? Good. We’re just doing it like all the others. Now check out this video from IntoTheBox.tv (for real estate obsessed people like us): If comparing San Francisco to New York City is any indication of things to come for us, then this report is scary, especially the … Continue reading Housing Outlook: Bleak
US Mortgage Crisis Rivals S&L Meltdown Make sure you get to the very end of that scare the sh*t out of us article to read this: In spite of the gloom, the economy may avoid recession. Housing comprises a much smaller share of the economy than business investment, which dragged the U.S. into recession in … Continue reading The Wall Street Journal Front Page Story
Headlines: “Bay Area median prices rise, but overall home sales news grim. Reality: “As Homeowners, Volume is not Very Relevant. For what it’s worth, we’re happy to see our little report was right on the money as far as the decline in volume at around 41%. Guess we’re not so mathematically challenged after all. And … Continue reading Headlines versus Reality, Volume Down, Median Up…again.
From today’s San Francisco Chronicle: The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures. The lending crisis will cost the national economy $166 billion and 524,000 potential jobs, … Continue reading More mortgage fiasco reporting
“Countrywide, GMAC, Litton and HomeEq – which collectively service more than one quarter of subprime loans to people with poor credit – agreed to maintain the initial, lower interest rate for some subprime borrowers whose rates are scheduled to jump significantly higher. To qualify, borrowers must occupy their homes, have made their payments on time … Continue reading Is Help on the Way?