Fingers usually point at Rep. Frank’s CRA It is a common belief that subprime crisis was caused by the Community Reinvestment Act (CRA) which pushed for...
Session addressing glut of foreclosed properties Today, real estate industry experts and economists testified in an open session before the United State Senate Committee on Banking,...
People think I love to shop, and quite honestly, they would be correct in making that assumption. I’ve mentioned it many times that I find myself...
There’s an article in the 9/12/10 New York Times about how the recession has impacted one of Boston’s major landmarks: Filene’s Basement, “where generations of Bostonians...
Over 5,000 restaurants across the United States closed their doors in the past 12 months. Most of them were independents, not chains. After you get over mourning the...
Noted Professor and Gatton Endowed Chair in international banking and financial economics at the University of Kentucky Joe Peek, released a sobering report a few days...
Hospitality industry in the dumps According to industry statistics, up to 10 percent of the nation’s hotels/motels are in serious trouble, and could be in bankruptcy...
One of the more remarkable methods used (even by “Intelligence Agencies”) to establish if something is true or not is to is to label it true...
We survived! (For now) It’s now 9 p.m. on D-Day … April 30, 2010. The tax credit has expired (thank God) and from what I hear...
April 30 or Bust The real estate world is all abuzz with the latest deadline about to be thrust upon us: April 30 is the looming...
The consequences The likelihood of an influx of bank owned (REO) and previously unsold foreclosed homes about to enter the nation’s real estate market in the...
Between oversupply, bank failures and countless other reasons we all have our opinions as to the problems of today’s housing market. We’re also aware of challenging...
Pockets of good news There is a lot of doom and gloom in the news regarding the real estate industry, but despite the downturn, there are...
This is not good news It could be argued that the market is surviving only the fittest and weeding out the weak, or in this case,...
Florida and California hurt in 2009 In 2009, RealtyTrac reports that Las Vegas had the largest number of foreclosure filings with 12.04% of homes under filing-...
From the mouth of a real genius We write a lot about the recession as it relates to real estate- how the commercial sector has taken...
Today a fellow REALTOR and dare I say friend posted his foreclosure story here on Agent Genius. It was clear from his writing how difficult it...
Top 50 most expensive cities Want to know which cities are the world’s most expensive? Four of them are right here in America and two are...
An ever changing scenery We’re certainly still in uncertain times and after six months of increasing demand for mortgage applications, this week, the Mortgage Bankers Association...
Believe it or not, our old friend that caused evil mortgage people to get temporarily rich, fooled many into the American Dream and if done properly...
Real estate construction spending In predictable fashion, construction spending continued to decline in November of 2009, reports the US Commerce Department. Total spending declined and some...
Worlds tallest building opened today to mixed reviews Last month marked a dark day for the global economy as gargantuan conglomerate Dubai World (with $59 billion)...
What do you think? Some experts point to Barney Frank as the cause of the subprime mortgage which turned into a full fledged housing crisis which...
How will Arizona handle this? This just in- the coffers of the State of Arizona are empty and they’ll be paying in the form of IOUs....
Doh! It is starting to leak that AIG (you know, that group that was “too big to fail” so it had to get bailed out by...
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