Archives: January 2006

Sold!

Posted by: Toddi Gutner on January 30

Right after I blogged about whether my family should sell our Aspen condo (Jan. 17th entry), I sat next to a fellow on an airplane and we ended up talking...

Who buys those ugly houses?

Posted by: Chris Palmeri on January 25

You've probably seen the billboards. Big black and yellow signs proclaiming "We Buy Ugly Houses." Just who are these people with bad taste and money to burn? Turns out the...

The Mortgage-backed Bond Bonanza

Posted by: Chris Palmeri on January 24

Standard & Poors, which like BusinessWeek shares the same corporate parent, The McGraw-Hill Cos., just reported its 2005 stats on the mortgage-backed securities market. These are the pools of home...

When is the High, What is the low?

Posted by: Toddi Gutner on January 24

I’ve just spent several hours reading housing bubble blog entries and comments. It seems there is some general consensus from the American public (if there can actually be one on...

The Historical City

Posted by: Chris Palmeri on January 20

New Orleans Mayor Ray Nagin was in the news this week, unfortunately calling for his hometown to return to being a "Chocolate City" and suggesting that the storm that wiped...

Back Under 2 Million

Posted by: Peter Coy on January 19

No question--housing construction is slowing. The Census Bureau said today that starts on privately owned housing in December ran at a seasonally adjusted annual rate of 1.93 million units. That's...

Is it time to sell?

Posted by: Toddi Gutner on January 17

It’s already starting…the difference of opinion between family members about what the best move is concerning some real estate. As a personal finance writer, I know there are no easy...

Zillow.com: How Scared Should Brokers Be?

Posted by: Peter Coy on January 13

In the 1990s, Rich Barton founded Expedia, the hugely successful travel website that wiped out the jobs of untold thousands of travel agents. Now he's starting up a real estate...

More and More Unsold Homes

Posted by: Peter Coy on January 10

A huge boom in housing construction may be about to create a glut in the market. The inventory of unsold new homes doesn't look too scary when you view it...

Deflating Bubbles, and Tanking Markets

Posted by: Toddi Gutner on January 09

Okay, so let’s say our reader, who commented on my last entry, is right. Wes said that: "We will have a number of months (18?) where the numbers show close...

SUB 500 Mortgage Inc.

Posted by: Peter Coy on January 05

Thanks to anotherf@ckedborrower.com for pointing out a company specializing in mortgage loans for people with abysmally bad credit--FICO scores below 500. The San Diego-based company, SUB 500 Mortgage Inc., illustrates...

Maine bubble leaking...

Posted by: Toddi Gutner on January 05

While most real estate watchers are keeping their eyes peeled on the big metro areas like Boston, Washington, D.C. and Los Angeles, folks would be wise to pay attention to...

What makes LA run?

Posted by: Chris Palmeri on January 04

All politics is local, as Tip O'Neil famously said. And so of course is all real estate. That thought was driven home to me recently by a research report that...

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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