Tag Archives: bargain hunters

Wall Street Applauds Home Sales

Home sales were up 10.6% in October. They are up 33% since January. Wall Street is going up in part because of this. I’ve heard lots of stories about bidding wars. I have a friend who spent six months looking … Continue reading

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The UK’s Mortgage Squeeze

From the Times of London: As Caroline Flint, the Housing Minister, strode along Downing Street this week, she put on show private Cabinet papers that predicted a property price fall of 5 to 10 per cent this year. Miscalculation or … Continue reading

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Refinance Mortgage Mess Not So Bad Bank of England Says

The bank’s new report says that financial markets have overestimated the damage from the subprime crisis. Only if there’s a depression will current valuations be accurate. That’s not likely. Many economists say we’ve hit the bottom of the credit crisis. … Continue reading

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