Buying a house is a lot like buying a car
by
mtw
on 27 Oct 2013
7 comments, latest
11 years ago
by MIKE WHITNEY Buying a house is a lot like buying a car. If you don’t look under the hood, you could wind up with a lemon. Only with ...
What Recovery?; LPS reports "4,594,000 mortgages going unpaid in the US
by
mtw
on 25 Oct 2013
4 comments, latest
11 years ago
Buying a house is a lot like buying a car. If you don't look under the hood, you could wind up with a lemon. Only with housing, it's not ...
Bernanke's Triumph: Asset Bubbles Everywhere
by
mtw
on 7 Sep 2013
13 comments, latest
11 years ago
“We see artificial pricing in virtually every asset class.†Mohamed El-Erian, Pimco’s co-chief executive There's a great article in Thursday's Wall Street Journal that details the ruinous impact of ...
Is the Big Money calling-it-quits?
by
mtw
on 31 Aug 2013
4 comments, latest
11 years ago
According to a report by Goldman Sachs, approximately 57 percent of the homes that were purchased in the first quarter of 2013 were all-cash deals. In 2005, the peak ...
Obama puts "Private Capital" at Center of Housing Plan; Because they did such
by
mtw
on 13 Aug 2013
1 comment, latest
11 years ago
The Obama administration is working on a plan to liquidate Fannie Mae and Freddie Mac so that future profits from housing sales and secondary market activity flow exclusively to ...
Housing Shifts into Reverse
by
mtw
on 2 Aug 2013
21 comments, latest
11 years ago
http://www.counterpunch.org/20 Here are a few headlines you might want to mull-over before you plunk 20 percent down on that $500,000 Tudor in Rancho Mirage: "Mortgage Applications Drop for Seventh ...
The Next Leg Down; The End of the Housing Rebound
by
mtw
on 15 Jul 2013
7 comments, latest
11 years ago
Don't look now, but the housing market just walked into a buzzsaw. On Friday, the rate on the 30-year "fixed" mortgage soared to a two-year high of 4.51 percent. ...
Time to Buy a House? Not on your life!
by
mtw
on 14 Jun 2013
10 comments, latest
11 years ago
Anyone who buys a house in today's market should be aware of the risks. They should know that current prices are not supported by fundamentals, but by unprecedented manipulation ...
Obama pushes "No Doc" refis for borrowers who are two years delinquent
by
mtw
on 18 May 2013
1 comment, latest
11 years ago
"Today, seven years after the real estate bubble burst, triggering the worst economic crisis since the Great Depression and costing millions of responsible Americans their jobs and their homes, ...
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