Real Estate

Hovnanian: Housing Market Has Bottomed

Written by on September 15, 2007 in Real Estate with 3 Comments

It was only a matter of time before another Homebuilder CEO would claim that the housing market had bottomed.  Ara Hovnanian,  CEO Hovnanian Enterprises, put his stake in the ground on yesterday 9/14/07 per Bloomberg.  Apparently he learned from Robert Toll’s pronouncement in March.  He added a caveat to his claim, “The bottom is very near […]

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Trading Thru the Housing Blood Bath

Written by on June 21, 2007 in Real Estate, Trading School with 0 Comments

You don’t have to be a brain surgeon to realize that housing market is not going to turn around overnight.  Even the homebuilder CEOs are finally admitting that this environment “sucks.”  Economist Nouriel Roubini has been calling this blood bath for what is for awhile.  I haven’t seen him on Kudlow and Company in awhile.  My guess is […]

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Housing Melt-Down Not Limited to Subprime Borrowers

Written by on June 17, 2007 in Real Estate with 0 Comments

There are many caught in the cross fires of the housing bubble.  Here is a story of a real estate investor who got caught up in the mania in 2005.  He bought a waterfront property in the hopes of subdividing it, creating a luxury “dream” home for himself and another to sell for profit. Unfortunately, he is stuck […]

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Homebuilders Rallying: How Could This Be?

Written by on May 23, 2007 in Real Estate with 0 Comments
Homebuilders Rallying: How Could This Be?

Since bottoming on April 12th, the SPDR Homebuilders ETF (XHB) is up 12.5%; twice as much as the S&P 500’s gain of 6%.  If you are surprised by that statement you are not alone.  I still find it hard to believe even after staring at the chart.

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Real Estate Leaves One Investor High and Dry

Written by on April 14, 2007 in Real Estate with 1 Comment

Casey Serin has become the poster child for “liar-loans” also known as Alt-A loans.  I have written several articles (here and here) on the Subprime/Alt-A debacle.  Casey’s use of these loans played a critical role in his multiple foreclosures.   IndyMac (NDE) is the leading Alt-A lender.  Their day in the spot-light is coming soon. Here […]

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There’s Still Money to be Made in Flipping Real Estate

Written by on April 7, 2007 in Real Estate with 0 Comments

More than a million people bought Pet Rocks as Christmas gifts in 1975. Gary Dahl, of Los Gatos, California, had the idea while joking with friends about his easy-to-care-for pet, a rock. This pet ate nothing and didn’t bark or chew the furniture. Pet Rocks were sold with a funny manual that included tips on […]

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Real Estate Roller Coaster

Written by on April 6, 2007 in Real Estate with 0 Comments

Are you ready for a wild ride?  US Home prices adjusted for inflation plotted as a roller coaster:  Click here……

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Subprime Mortgage Problem Contained? Give Me a Break!

Written by on April 3, 2007 in Absolute Must Reads, Economy, Real Estate with 1 Comment
Subprime Mortgage Problem Contained? Give Me a Break!

I think that some heads are going to roll when Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are forced to admit that the subprime mortgage problem is not contained.  In my previous professional life, I worked as a sales person for a software company.  We as sales people were often referred to as […]

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