June 30th, 2008
Arnold has high hopes for California real estate
He’s a better actor than he is a governor, and that’s not saying much. But how good of an economic forecaster is Arnold Schwarzenneger? In about a year, we’ll know.
He’s a better actor than he is a governor, and that’s not saying much. But how good of an economic forecaster is Arnold Schwarzenneger? In about a year, we’ll know.
The National Association of Realtors last week released their latest home-sales data. For once, there was some good news. But, of course, the report contained a lot of bad news, too.
Add one more prominent name to the list of people who don’t accept blame for the nation’s residential real estate slump: Alan Greenspan.
A new report from the Associated Press says that sites such as Zillow.com often come up with value estimates that are way off.
As housing foreclosures across the country continue to rise, a small, but growing, number of homeowners are turning to their employers for help.
Sometimes a real estate project makes so much sense, it makes you forget all the mortgage-fraud cases, foreclosure-rescue schemes and shady mortgage brokers. So it is with the efforts of an Oakland affordable-housing developer to provide 20 residential units at one of its apartment buildings to teens who have aged out of the foster-care system.
The Justice Department is spending a lot of time and resources these days going after those who have committed mortgage fraud. In fact, the department has issued more than 400 indictments since March.
Then the housing slump came. And California is now suffering more than any other state.
I’ve always suspected that members of Congress have no idea what life is like for “ordinary” citizens. Democratic Sen. Christopher Dodd, of Connecticut, is a good example.
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Written by Dan Rafter [email] for b5media.
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