Excerpts from the WSJ: It's supposed to be a buyer's market. Yet, for parents determined to buy in areas associated with top schools, those bargains may be harder to come by. When housing markets go south, "areas with exceptional schools tend to hold their value...
How are we going to know if we have a double dip? What is a double dip? Investopedia defines a Double Dip as: "When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession...
Hit tip to Daniel for this scoop: SACRAMENTO, June 23, 2010 – The California Housing Finance Agency (CalHFA) announced today that the U.S. Treasury Department has approved the Agency’s plan to use nearly $700 million in federal funding to help California families...
We can compare castles now too! Here are two (allegedly) castles that are both for sale. There is a third, Tony Robbins' old house in Del Mar, but not for sale. The one in Solana Beach just lowered their price to $1.299 million!
Sellers, and their listing agents, have been manufacturing the double-dip experience. Because the local real estate market had the illusion of being "healthier", they figured it was time to push their list price to see what the market would bear. A few got lucky...
The video files got cleaned out, so hopefully this is the last collection of clips from the cutting room floor. Some new, some old, all worthless - sorry:
Hat tip to Rick for sending this along, from the WaPo: TORONTO -- When he bought a home last week with a 40 percent down payment, lawyer Kevin Fritz didn't see the transaction as particularly relevant to the debate over global financial stability. But consider: With...
Shiller starts at 1:45 of this video, and lays out two historical examples to counter the 2% to 3% improvements predicted by most professional forecasters: Let's look at the most recent stats for North SD County Coastal detached homes, under $800,000: Status # of $/sf...
A break from the usual grind:
NEW YORK (CNNMoney.com) -- More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday. Treasury's...
