Category Archives: The Bubble

A Concise Explanation Of The Sub-Prime Crisis

November 19, 2007 – 6:55 pm

By Gary | Comments (0)

And So It Begins

August 28, 2007 – 11:19 am

U.S. Home Prices Fell by Record in Second Quarter - Bloomberg
Home prices in the U.S. fell by a record in the second quarter as sales dropped and mortgage lenders made it tougher to get a loan.
Home prices down 3.2% nationally in past year - Marketwatch
U.S. home prices fell 3.2% in the [...]

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The Top Ten Foreclosing Banks

August 27, 2007 – 4:55 pm

Courtesy of State Senator Jeff Klein, 34th district. Linked from a commenter on New Jersey Real Estate Report.

Here are the top 10 foreclosing banks for the last 13 months and the number of foreclosure filings they have made in NYC, Westchester and Nassau. Please note that this list only reflects the final bank to [...]

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The Coming Storm

July 20, 2007 – 8:26 pm

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Slump will continue

July 16, 2007 – 10:13 am

From the Long Island Business News

Pearl Kamer of the LIA said Long Island’s housing fortunes would continue to sag into 2009, as part of a drawn-out market correction.
“We still have to liquidate a excess inventory of homes,” Kamer said. “And as of Sept. 1, lending practices will tighten, so fewer buyers will qualify for [...]

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The Next Leg Down

July 14, 2007 – 5:36 pm

Some wisdom from a commenter at New Jersey Real Estate Report
Here’s the bullet version of my “next leg down” scenario:
1. This Fall, all the sellers who have pulled the “For Sale” sign out of the ground- hoping for a Spring rebound- won’t. Time’s up.
2. Why is time up? Take your pick: life circumstance, impending foreclosure, [...]

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