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Home Price Declines Hit New Records: What Can the Industry Do?
The question for the real estate industry to grapple with in the midst of the credit crunch is how can we help struggling homeowners in severely depressed markets such as Las Vegas, Phoenix, Miami, Los Angeles and San Francisco? According to a recent Standard&Poors/Case-Shiller home price index of the top twenty metropolitan area home values, we are seeing record declines. Get a copy of the report. Here’s... [Read more]
Warning: RE Industry will be Harmed if Bailout is Backed by Us
URGENT INDUSTRY MESSAGE REALonomics continues to take a position that the natural market cycles should dictate the recovery and that government sponsored bail out attempts will create additional long term issues and actually stall a real recovery. Although many in the industry favor federal intervention we are hard pressed to find anyone setting forth specific rationale for doing so. We hear a lot... [Read more]
Deal or No Deal – Play America’s Game of Chance
The following PhotoBlog political post is syndicated from iVoteAmerica.com, a companion site to REALonomics, where you can vote in polls and influence others with your comments about contemporary political topics. Cast your confidential vote for President at iVoteAmerica.com. —– syndicated post from iVoteAmerica begins here —– Join the game that has taken America... [Read more]
The Inman Comment
Once in a while REALonomics will post a comment to great articles found in Inman News. Such was the case this morning, Tuesday, September 23, 2008. The comment created some interesting communication…all good, by the way. But the comment to this post seemed to touch a pent-up industry nerve regarding where our industry is headed and what our industry focus should be as move into the Third Economic... [Read more]
The Federalization of our Financial System at your Expense
REALonomics Editorial We now own what we cannot control. We are witnessing the Federalizaiton of the Financial Systems of America. Backed by a fickle Congress and flanked by Federal Reserve Chairman Ben Bernanke, President Bush and Treasury Secretary Henry Paulson, contrary to their former political beliefs that government should stay out of the private sectors of the economy, took measures today... [Read more]