Details of the foreclosure rescue bill passed by Congress and awaiting President Bush’s signature are coming out. Before we take a closer look, keep in mind we have 2.2 million vacant homes on the market, sales of new homes are plunging, and the trend of increasing foreclosure rates shows no sign of stopping. Back to [...]
The NAR probably doesn’t like the fact that I don’t think everybody ought to own a house. Not sure if renting or owning is best for you? Let TheStreet.com help you with some advice and links to a “rent or buy calculator.” Mark your calendars because the Hard Assets Investment Conference in September will be [...]
According to the Prof, Nick Cage is selling his Vegas home. Of course, Prof has a couple details off. According to the listing as seen on remax.com, it’s 14,306 square feet on a 15,682 square foot lot. It does have 7 bedrooms, but only 5 full baths, two 3/4 baths, and a half bath. For [...]
A developer is close to an agreement with both the City of North Las Vegas and the National Guard to build a hotel-casino next to the National Guard’s training area. The facility would have 1000 rooms in two 8-story towers. Historically, a Vegas hotel-casino creates about 2 jobs per room within the facility itself, and [...]
A new item in today’s USA Today tells us that real estate auctions are big. In fact, there has been 5% revenue growth in the last year and a 47% increase since 2003. But it’s not time to invest in auction houses just yet. As many buyers are finding out the hard way, escrow does [...]
Last night the FDIC took over IndyMac. I wrote more about that for The Moderate Voice this morning. Seriously, if you have any business with them whatsoever, you’ll want to follow up and see where you stand Monday.
Here’s BondDad on Freddie and Fannie. Or perhaps you’d rather read TheStreet.com on IndyMac (if you have any pending business with them, you’d better give somebody a call first thing Monday). And memo to the Review Journal: all of us around the office could do without you folks making up pessimistic figures! My “trained monkey” [...]
Forbes Magazine has come out with a list of 10 Increasingly Affordable U.S. Housing Markets. You can watch the slideshow outlining them all, but I have a little spoiler for you. Number One is none other than Las Vegas! Among the figures they use to back that up, 56% of our housing is affordable at [...]
It must be nice to be a Congressman. They’re already out for the Independence Day holiday. Of course they left a few little things undone. Like, say, that bill that might have helped homeowners and mortgage companies prevent some foreclosures. Don’t get me wrong, the ideas on the table were far from perfect, but they [...]
