Posts Tagged ‘Housing’HOPE when?Cirios Real Estate Washington’s war on foreclosures, the latest in a string of sycophantic attempts to sway public opinion back in the favor of the very regulators that turned a blind eye to rampant irresponsible lending, is now being waged with carefully crafted press releases. In the past two days, strikingly contradictory reports have emerged [...] National Association of … Really Really Good LiarsCirios Real Estate Housingwire.com reports that pending home sales levels have fallen significantly since this time last year, according to data released by the National Association of Realtors (NAR). The NAR report on the same data is titled “Pending Home Sales Rise, Wider Gains Anticipated….” So where’s the discrepancy? How can the exact same data [...] Housing Woosh, Part DeuxThis post first appeared on Minyanville and on our sister site Dawn Patrol. Reports are out this morning opining that Stockton, California represents a new hope for housing recovery. Hoping Stockton will lead the housing recovery is about like saying Alex Smith will lead the niners to the Super Bowl. It lacks a link to [...] Housing Inventory Eases, But No Recovery In SightThis post first appeared on Minyanville, and our sister site, Dawn Patrol. Another month, another attempt to use a single data point to foretell the bottom in the housing market. On the same day the Case Shiller Home Price Index reported the fastest drop in home prices on record (again), the Wall Street Journal released [...] Gas Prices Effects On the HomeThis post first appeared on Minyanville. I came upon an interesting report out from Deutsche Bank on the effect high gas prices are having on home prices. Below are some highlights: Gas prices are up 167% in the last five years, 32% in the last year. Monthly gas expenditure is up to $519 in June [...] House of the Day Results: Falling Over FallbrookClick here for details on this House of the Day Value: $250,000 Projection: Depreciating Fallbrook is located in Eastern San Diego County, just south of Temecula along Interstate 5. The city and the surrounding area are being adversely effected by the economic slowdown, as much of the growth in the area was due to new [...] |