Record Drop in January Index of Home Prices

Record Drop in January Index of Home Prices The New York Times The decline in housing prices maintained its record-breaking descent in January, according to data released Tuesday. Standard & Poor’s Case-Shiller Home Price Index, a widely watched…(read more)

Source: Record Drop in January Index of Home Prices

Banks Walk Away From Foreclosed Homes; GM CEO Driven Away By “O” Administration

Looks like some banks have stolen some ideas from their own customers…after months of worry about homeowners walking away from foreclosed properties, more and more banks are now apparently doing the same thing, leaving the property owner holding the bag.

According to a New York Times report, “the so-called bank walkaways rarely mean reflief for the [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Banks Walk Away From Foreclosed Homes; GM CEO Driven Away By “O” Administration

Source: Banks Walk Away From Foreclosed Homes; GM CEO Driven Away By “O” Administration

Banking Plan Propels Wall St. to Best Day in Months

Details of the government’s plan to fix problems at the country’s banks brought a glimmer of hope for a recovery to Wall Street.

Source: Banking Plan Propels Wall St. to Best Day in Months

Mortgage Rates May Be at Bottom

From an economic standpoint, last week was an interesting one. The stock markets made strong gains last week but the mortgage markets barely moved in the wake of the Treasury’s “toxic asset” plan.
Amongst the other news from last week:

Existing home sales showed unexpected strength
New home sales showed unexpected strength
Data showed home prices [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Mortgage Rates May Be at Bottom

Source: Mortgage Rates May Be at Bottom

Foreclosures: A Good Thing for CA Economy?

Foreclosures: A Good Thing for CA Economy? The reality is, California has the most crowded housing situation in the nation. There simply are not enough homes in the state’s housing stock for all its inhabitants. So something has to give. At least…(read more)

Source: Foreclosures: A Good Thing for CA Economy?

Rolling “Craps” in Sin City

 Anyone who pays any attention at all to real estate knows that Las Vegas has been absolutely hammered by the real estate downturn. At or near the top in foreclosures, prices down to pre-boom levels, new home building has ground to a halt. The local economy is reeling with unemployment over 10%, tourism down sharply, [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Rolling “Craps” in Sin City

Source: Rolling “Craps” in Sin City

Banks Starting to Walk Away on Foreclosures

Banks are quietly declining to take possession of properties at the end of the foreclosure process because the cost of the ordeal exceed the value of the real estate.

Source: Banks Starting to Walk Away on Foreclosures

How To Master Your Time Before The Time Masters You

Today I am going to share something with you that can literally change your life.  This little technique will give you the power to master your own business and your own life.  You need to master this technique if you want  to be successful in life.  What am I talking about here?  I’m talking about [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

How To Master Your Time Before The Time Masters You

Source: How To Master Your Time Before The Time Masters You

Geithnerism: Institutionalizing “Too Big To Fail” - A Favor To Mega-Banks

Treasury Secretary Tim Geithner testified before Congress yesterday on a new regulatory system for financial institutions. The immediate motivation for this was to capitalize on the uproar over the AIG bonuses. Since the government couldn’t legally claw back those “Stimulus Package approved” bonuses, the Obama administration wanted to assure voters they were “concerned” [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Geithnerism: Institutionalizing “Too Big To Fail” - A Favor To Mega-Banks

Source: Geithnerism: Institutionalizing “Too Big To Fail” - A Favor To Mega-Banks

In Las Vegas, a Break in the Real Estate Action

For the vacation-home market on the Strip, the sky was the real estate limit. Then the economy fell, projects stalled and buyers are looking elsewhere for bargains.

Source: In Las Vegas, a Break in the Real Estate Action