Tuesday Real Estate Links

Top Real Estate Links for Tuesday, May 25th, 2011.

Joplin Death Toll Inches Up As Search For Survivors Continues – Slate

The death toll from the devastating tornado that tore through Joplin, Missouri, continues to rise and now stands at least 122, authorities say. Another 750 people have been injured.

What happens when Greece defaults – Telegraph

It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days.

Why Bernanke will be forced to institute QE3 – MarketWatch

While Shostak concludes that the Fed is wary of price inflation (that they are causing) and that this will deter another round of money pumping, I think the primary motivation behind QE is unemployment, not price inflation.

Post-Foreclosure: Study Finds Mortgage-Only Defaulters Pose Less Risk – DS News

“This recession was unique in that certain consumers who defaulted on mortgages would otherwise be good credit risks,” said Ezra Becker, VP of research and consulting in TransUnion’s financial services business unit. “It appears their actions were driven more by difficult economic circumstances than by any inherent inability to manage debt.”

Why Are Republicans So Keen to Persecute Elizabeth Warren? – Yves Smith

Today’s spectacle had the Republicans looking like idiots who resorted bullying when their initial salvos failed to hit their target. Chairman Patrick McHenry came off like a an angry amateur, trying ineptly to play prosecutor by demanding yes and no answers to questions that were clearly setups or couldn’t be answered that simply. The problem is that this tactic works only if you have legitimate questions and keep your cool.

Another Republican, Trey Gowdy, tried this trick and when Warren patiently explained why a yes or no answer couldn’t be accurate, he simply got more and more pissy. Earth to base: you won’t find “pissy” on any map of moral high ground.

Greenwich’s Priciest Homes Languish With Four Years of Supply – Bloomberg

“Our market moves very closely with the financial markets,” Pruner, based in Greenwich, said in an interview. “Deferred compensation has totally hammered the over-$10 million market because people just aren’t getting large amounts of cash, and that market has traditionally been a cash market.”

Fifty-two houses in that price range were listed for sale as of May 19, according to Pruner. Four have sold this year and two are in contract. At that pace, it would take 52 months to sell the inventory, he said. If that backlog remains through the end of the year, it would be the biggest in his data going back to 2004.

 

 

This entry was posted in Macro Trends and Analysis on by .

Free Updates!


Greg Fielding

Contact Info:

Real Estate Agent

925-212-2908

gregpfielding@gmail.com

Skype: gregfielding

http://gregfielding.com

J. Rockcliff Realtors

15 Railroad Avenue

Danville, CA 94526

DRE #:01397948

Connect With Me:


About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


Read All posts by

Leave a Reply