Archive for January 22nd, 2008
You are browsing the archives of 2008 January 22.
This is What Agents and Brokers Have to Look Forward to for a While.
Disgruntled homeowners are starting to sue the agents and brokers who sold them their homes at the height of the boom.
They might just have a case because all too often the broker and agent oversteps the line in discussing the value of the property.
The defendant in the Ummel case is Mike Little, a veteran agent [...]
The State of the Housing Market for 2008
Over 150 lenders have already gone out of business since the peak of the sub-prime orgy.
This year over 1,000,000 yes, one million individual foreclosures are expected to happen.
Over $300,0000,000,000 that’s three hundred billion dollars of loans have been written off by the lending institutions and the best estimate is we are a little over half [...]
Wow, I Leave to Drop my Son off at School…
and by the time I get to the office the Fed has cut the funds rate by 3/4 of a point to 3.5%. There has not been that big a drop at one time since 1984.
Then, the futures markets took a jump upwards, digested the Feds actions and then…
Tanked right back down near where they [...]
The Bad News is Today Will be a Bad Day for the Markets.
The Good News is this kind of sell off usually means we are near a bottom.
It is called capitulation. It is when traders and short term investors decide the pain is just too much and dump almost everything. It is sometimes called panic selling. It is when great companies go on sale.
Look for today to [...]
