markg

Is Wells Fargo's Latest Memo a Sign Real Estate is Bottoming?

The comments about how fast the RE market is falling are usually not compared to how fast it went up, which was about the same rate for several years.

When other markets have a long run-up, a 50% correction isn't a surprise, why is it so for real estate?

Just Another Credit Crunch?

Re: the last paragraph in the article...so we are supposed to believe that the same federal reserve chairman, who said in 2005 that we are not in a housing bubble, is supposed to ride to the rescue? At the time, that sounded like more of Clinton's "this is the new economy.."

And we still have room to drop rates? So far this has been highly inflationary, and mortgage rates have been rising, which is the opposite effect of the intention. Bernanke is supposed to be the smartest guy in the room, but he sure hasn't shown it so far.

Rising Home Prices Still Play Well In Peoria

Mr. Yun does not have the best credibility in housing market forecasts. Isn't he the person who said last year he expected prices to be flat to 1.5 percent higher for 2007?

He isn't any different than any other realtor, who will always say that the right time to buy is now, regardless of when "now" is. The reality is that people in the real estate business make their money on transactions, and their income isn't significantly effected by pricing, only volume. A realtor's 3% cut doesn't change too much whether a house sells for $400k or $450k.

Mr. Yuns charge from members is to do whatever he can to make more transactions happen.

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

Forever is a very long time, especially considering much has been written lately that peak production has past

Proposals for a Depreciating Housing Environment

The whole idea is absurd. Now the banks want a hand-out/bailout. Where was the helping hand when they were making ridiculous profits?

We live in a free market society do we not? Without question, unethical and illegal mortgage practices have to be stopped. I find it outrageous the same companies who want the government to keep a hands off position want their butts saved by the taxpayers. Are the board members and management of these companies going to give back the bonuses they have received the last 4 years for their stellar management insight?