While 2/3 of metro markets in the US have reached “affordable” levels by traditional metrics the problem areas of California, Florida, Nevada, and Arizona have…
The National Association of Rattlers (NAR) reported today that sales of existing homes rose in November. Upon hearing the news, Steve Liesman (is that the…
Yesterday wasn’t the best of news days for Citigroup. The key stories I saw were:
Citigroup has appeared to clumsily reverse course on their previous “pledge” not to support their ailing SIV vehicles (now apparently reaching about $66 billion; formerly as high as $83 billion) in the form of statements by one William Mills:
Some recent data suggests a pickup in housing demand and a decrease in supply. But the story behind the numbers presents a more complete picture…
The following is taken verbatim from the National Association of Realtors press release today. I have read between the lines and translated the press release…
The story is the same one that I have been chronicling since the tea leaves first clearly signaled the endgame unfolding in US housing back…
Another day, another episode of being bathed in forest fire smoke for the city of Atlanta. We had a really bad day last week as well—and this unfortunately looks set to become a more frequent occurrence, much to the dismay of anyone even remotely sensitive or vulnerable to atmospheric pollutants.
MorningStar has a pretty nice article out from yesterday featuring duelling analysts regarding the fate of NovaStar. After their almost naively-sanguine and narrowly-scoped Alt-A/banks article last week, I find this a breath of fresh(er) air. While I believe it is a little bit inane to be discussing subprime at this point (the […]
You really can’t. I am referring to this BrokerUniverse thread, entitled “Soon to be ex-New Century manager needs advice”. You know a thread with a title like that is going to be good. I’ll let the content do most of the talking for itself:
In the past day I’ve been gathering together what was intended to be a random collection of housing/housing finance updates that I thought worthy of additional comment. Upon taking a look at the assortment, much to my surprise, the first thing that struck me about them was how a nearly continuous thread of interconnection and […]
