Tag Archive 'housing market'

Congress Critters

Buy a second house in Sacramento with no money down for 535k even as housing is going down in price. Run for congress. Need money for campaign, but can’t do that and make mortgage payments on a house losing value. Answer to this dilemma?
Let the house go into foreclosure, loan your campaign a bunch of [...]

For Whom the Condo Tolls

Anybody see a bottom when this kind of thing is happening?
“Luxury builder Toll Brothers Inc (TOL), hurt as many buyers to try to get out of contracts for new homes amid falling prices, says a member of its founding family is trying to walk away from an agreement to buy a new condominium.
The daughter of [...]

Median Home Prices Post First Decline in 40 Years

(Cross Posted at Risk and Return)
Of course prices have just started to decline. First you have to have sales volume decline and inventory build up:
Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home [...]

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