09/30/2009
I spent some time today going through a hundred headlines from this decade relating to the housing market. What I found is rather telling and may be contrary to what you would expect. Some in the press were early to the housing bubble but as the housing market grew stronger and the bubble expanded, many of those in the press pushed their assumptions aside and learned to love the housing bubble. Even as option ARMs and Alt-A loans made their way through the market, the housing bubble suddenly made many journalist pause and refrain from using common sense. The 27 headlines in this article are a fascinating study of economic psychology but also a case study in financial journalism.
09/29/2009
CBRE raises total sales forecast for 2009 to $7.5b from $2b 3 months agoTHE investment sales market continued to improve in Q3, boosted by a large number of good class bungalow (GCB) transactions, according to a new report.Total investment sales in the current quarter have so far amounted to $3.28 billion, an increase of 71 per cent from the previous quarter, said CB Richard Ellis (CBRE) in its report yesterday.With the strong showing, CBRE is bumping up its forecast for total investment sales for the whole of 2009 to as much as $7.5 billion.
09/26/2009
With interest rates down to 4.85% on a 30-year fixed, people’s buying power is much increased. Prices that used to be ridiculous are now financeable. Asking Price: $648,450 Address: 126 Arden 65 Irvine, CA 92620 I’m closin’ the book On the pages and the text And I don’t really care What happens next. I’m just going, I’m going, I’m gone. I been hangin’ on threads, I been playin’ it straight, Now, I’ve just got to cut loose Before it gets late.
