Economy

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Existing Home Sales Surprise

What do you want first the good news or the “other” news? OK, the good news first.
The good news is that existing home sales were reported to be up in February for the first time in 7 months as reported by the NAR today at 10AM. Purchases increased 2.9% to an annual rate of 5.03 [...]

24Mar2008 | Brecht Palombo | 0 comments | Continued
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Vote on Housing: Blocked by GOP Senators

Let me say for the record that I’m an Independent and for the most part you won’t see me get political on this blog, but…
WASHINGTON – Senate Republicans blocked a test vote on a housing bill yesterday that would have allowed bankruptcy judges to alter terms of certain mortgages in foreclosure.
Senate Democrats fell more [...]

3Mar2008 | Brecht Palombo | 0 comments | Continued
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What is the Real Future of the Real Estate Market?

Listen to the first few minutes of this interview with Howard Davidowitz (at least) “Retail Analyst & Chairman of Davidowitz & Associates on NPR. OK, I don’t want to be Debbie Downer but I consider it to be my responsibility as a real estate investment professional, to report on and disseminate all that I collect [...]

28Feb2008 | Brecht Palombo | 0 comments | Continued
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