RECENT BLOG POSTS
Looks like unemployment keeps pushing ahead just as expected. Upside is that it's not as bad as it was forecasted. However, I think this 51k figure will get revised and end up closer if not higher than the 71k projected. Whatever has to be done to keep consumer confidence up is being done the ...
08/01/2008
In one of the most significant legal rulings in the tech industry this year, a Superior Court judge in California has ruled that the practice of charging consumers a fee for ending their cell phone contract early is illegal and violates state law. The preliminary, tentative judgment orders Sprint...
07/31/2008
Information about the nex tax credit bill that was passed the other day. Frequently Asked QuestionsAbout the First-Time Home Buyer Tax Credit The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 200...
07/31/2008
I wanted to post a memo from Nehemiah Corporation sent out today. Looks like they're really making an effort to try and keep Nehemiah up and running. See below. Dear Paul, This week the President signed H.R. 3221, Housing and Economic Recovery Act of 2008, into law. The bill contains a provisio...
07/30/2008
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President enacts controversial measure that aims to help borrowers, bolster the housing market and provide a fail-safe for Fannie and Freddie. President Bush on Wednesday signed into law a sweeping housing bill that aims to boost the struggling housing market and bolster mortgage finance giants ...
07/30/2008
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The S&P/Case-Shiller Home Price Index of 20 cities fell for the 22nd consecutive month. May home prices dropped a record 15.8% from a year ago, according to the S&P/Case-Shiller Home Price Index of 20 cities. It was the 22nd consecutive month of decline recorded by the index. Prices fell 0.9% fro...
07/29/2008
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Fuel prices decline for 11th consecutive day. We'll see if they stay down. My opinion is that this is just a minor correction before gas prices head even higher. Gas prices declined for the 11th straight day on Monday, falling to a level not seen since May, according to a nationwide survey of fi...
07/28/2008
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Sweeping and controversial legislation aims to help troubled borrowers, bolster the housing market and provide a fail-safe for Fannie and Freddie. The Senate on Saturday overwhelmingly passed a landmark housing bill that will offer up to $300 billion in loans for troubled homeowners and establish...
07/26/2008
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If you think the housing bailout bill in Congress benefits only troubled homeowners, you may miss out. Millions of people could potentially benefit from the legislation, which is expected to become law soon. Some highlights (minus all of the fine print, of course): New mortgages Some people would...
07/25/2008
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220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to be revised upward. As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by Realty...
07/25/2008