Tag Archives: Housing Market

Record Number of Americans Planning to Buy a House

Posted on November 27, 2012 at 3:30 pm by JM Ashby

Good news – not only has consumer confidence reached a four year high, a record number of Americans are also planning to buy house. Consumer confidence rose in November to the highest level in more than four years, a sign … Continue reading →

Posted in Economy | Tagged , , | 7 Comments

50 Years of Foreclosure

Posted on November 9, 2011 at 4:45 pm by JM Ashby

From the department of “Holy Shit.” A new USA Today report suggests the consequences of the Bush “Ownership Society” and Wall Street’s mortgage-backed security scam could be with us for many years. Perhaps even 50. USA Today reports on new … Continue reading →

Posted in Housing Market | Tagged , , , | 13 Comments

Where In Mayor Bloomberg Says Stupid Things

Posted on November 2, 2011 at 6:10 pm by JM Ashby

I’m still trying to wrap my head around how a man, who is clearly not a dummy, could say something this, well, dumb. “I hear your complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks … Continue reading →

Posted in Housing Market | Tagged , , , , , , | 9 Comments

Every Day Is Opposite Day

Posted on October 19, 2011 at 6:30 pm by JM Ashby

Hot on the heels of Mitt Romney’s suggestion that the real solution to the housing market is to have even more foreclosures, Herman Cain debuted his own ideas today. CAIN: I know people don’t like this, but no. Because then … Continue reading →

Posted in Wingnuts | Tagged , , , , | 7 Comments

Zero Credibility

Posted on September 3, 2011 at 6:15 pm by JM Ashby

Part of me believes the gross dysfunction of our Tea Party congress does actually warrant closer scrutiny by our banking overlords, but with that said, things like this make it increasingly difficult to take Standards & Poor’s seriously. Influential investors … Continue reading →

Posted in Epic Fail | Tagged , , , | 12 Comments

Better Late Than Never

Posted on September 2, 2011 at 6:00 pm by JM Ashby

Good news, federal lawsuits are being filed against mortgage villains Bank of America and Goldman Sachs, among others, for their role in marketing worthless mortgage securities to investors. The United States plans to file lawsuits against more than a dozen … Continue reading →

Posted in Housing Market | Tagged , , , | 6 Comments

More Splendid News for the Economy

Posted on August 24, 2011 at 9:18 am by Bob Cesca

Delightful! The number of people who bought new homes fell for the fourth straight month. Sales this year are on track to finish as the worst on records dating back half a century. A few corporate tax cuts and privatizing … Continue reading →

Posted in Economy | Tagged , | 11 Comments

Foreclosing On Bank of America

Posted on June 4, 2011 at 6:00 pm by JM Ashby

After foreclosing on a couple who didn’t even have a mortgage, Bank of America got more than they bargained for. Florida homeowners Maurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so … Continue reading →

Posted in Housing Market | Tagged , , | 4 Comments

In Need of New Flooring

Posted on June 3, 2011 at 8:00 pm by JM Ashby

Artist – Steve Greenberg In other news, with 6 months left in the year 2011 is already the deadliest tornado season in 75 years. In an environment where congress won’t even approve disaster relief funds for the victims of tornadoes, … Continue reading →

Posted in Open Thread | Tagged , | 7 Comments