Posts under ‘Real Estate’

Durable goods orders plunge 4.2% in March. the TARP program remains 119 billion in the red at the end of the first quarter despite claims of profitability.

The bloom seems to have come off Apple as it falls again. New home sales miss in March. Case/Schiller reports a new post bust low for real estate prices.

March existing home sales fall 2.6%, the median price gained 2.5%. The state of Louisiana hits MERS with a RICO suit alleging fraud for not paying county fees.

Short sales jump in January as per LPS. Jefferson county Alabama petitions the court to divert funds from muni debt service to public works post bankruptcy.

Once again the trend is your friend, until it isn’t. Too big to fail banksters are even bigger, just their latest example of being the new untouchables.

March PPI neutral, annualized drops to 2.8%. February Trade Deficit down 6.5 billion to 46 billion on lower imports. RealtyTrac says foreclosure fell 2% in Q 1.

It can even be argued that housing has lost its status as the foundation of middle class wealth, not for a generation, but for the long term.

Import prices jump in March on higher oil costs. Beige book says steady as she goes last month. Wells Fargo gets nailed for ripping off its mortgage customers.

Big misses by the Consumer Credit, +8.7 billion, and Employment, +120,000, reports Friday set the tone for the week as stocks opened with significant losses.

Stocks finish the week with small losses. Initial claims for unemployment drift lower last week. CMBS delinquency rates increase for the 1st time in 7-months.