Articles

My sources say that Bank of America is clearing house just days after Ken Lewis's town hall meeting.

The Case/Schiller home price index now shows that housing prices dropped a record 15.3% in the past year and are now at 2004 levels. Another report shows that the rich dumped their real estate in 2006.

Housing permits and starts are all down significantly from last year.

Thought the housing problem was just isolated to the subprime market? Think again. It's not spreading to the option ARM market.

Only time will tell whether he is guilty of securities fraud. But, the reality is that someone needs to be held responsible and this guy has set himself in the right space for it.

This housing bubble is going to take decades to work through the system.

More bad news on the real estate front? Maybe.

The commerce department reported that starts of new homes fell by 2.6% to a seasonally adjusted annual rate of 1.331 million, which was the lowest since June 1995. Other data was just as bleak.

My neighbors and others have been telling me about how rising property taxes are pushing their budgets to the limit. This, even more than adjustable rate mortgages could push many over the edge.