Monthly Archives: September 2006

From the NAHB: Builder Confidence Slides In August Reacting to what they perceive as increasing consumer uncertainty regarding the market for new single-family homes, builders tempered their views on current and expected sales activity in the Wells Fargo/National Association of … Continue reading →

From the Wall Street Journal: Use of Nontraditional Mortgages Is Edging Higher, Poll Indicates Use of several types of nontraditional mortgages has increased among home buyers, according to a Wall Street Journal Online/Harris Interactive personal-finance poll. The survey found increased … Continue reading →

From Bloomberg: Housing Slump in U.S. May Lead to First Drop Since Depression Nancy and Brian Christopherson are asking $389,900 for their eight-room Colonial Revival home in Westford, Massachusetts, featuring a new kitchen with maple cabinets. Even at that price, … Continue reading →

From the New York Times: Who Bears the Risk? The housing boom would never have lasted as long as it did if mortgage lenders had to worry about being paid back in full. But instead of relying on borrowers to … Continue reading →

From Reuters: Jump ship or pink slip for some realtors They are jumping ship or receiving the pink slip. America’s real estate agents and mortgage lenders, that is. Now that the glory days of the most recent U.S. housing market … Continue reading →

From the Daily Record: Critics say talk bogs down progress; Democratic lawmakers urge patience So what happens when you put a sacred cow, a third rail and an 800-pound gorilla all on a table? So far, not much. Nearly two … Continue reading →

From PhillyBurbs.com: Market slowdown If there’s any doubt in your mind that the local real estate market has slowed, ask a seller. “It seems like people are coming and looking, but nobody’s making an offer,” said Terri Kiriakidi, who has … Continue reading →

From the NY Times: Someone’s Spoiling the Party, the Housing Market Says TO hear some people in the real estate industry tell it, one of the biggest problems with the housing market is what is being said about it in … Continue reading →

From the NY Times: A Fable, Adapted From Aesop THERE is an Aesop fable about a man — Greek, of course — who sees a swallow fluttering about on an unusually warm winter day. Leaping to the conclusion that summer … Continue reading →

From the Asbury Park Press: Sellers may have to adjust expectations and prices Sometime after Mel and Hildy Warren agreed to buy a new home in the Four Seasons retirement community in Manalapan about a year-and-a-half ago, they were surprised … Continue reading →

From the Asbury Park Press: Sellers may have to adjust expectations and prices Sometime after Mel and Hildy Warren agreed to buy a new home in the Four Seasons retirement community in Manalapan about a year-and-a-half ago, they were surprised … Continue reading →

Came across this poster in the window of a Valley National Bank this morning. What ever happened to paying for things with… money? When did the line between buying and borrowing get so blurred? A little primer for those who … Continue reading →