Calculated Risk – Fitch Projects additional 25 percent House Price Declines (real terms)
PIMCO, Phil Gross – MOOOOO
From the above articles, there looks to be an additional 33% decline in real prices over the next 5 years for San Francisco. This is good news for those saving to buy a house in 5 years but bad [...]
More real declines in house prices and what to do to avoid the worst
July 24th, 2008 · No Comments
Tags: Economics
Subprime loans aren’t the only failing loans…
July 16th, 2008 · No Comments
M&I Bank conference call
We have seen further deterioration in the residential land portfolio during the second quarter. … M&I has $2.3 billion in residential land loans to individuals and developers. $1.5 billion, or 66%, are located in Arizona . The bulk of the Arizona loans, nearly 70%, are in Maricopa County . … LTVs are [...]
Tags: Economics