Archives: August 2009

Home Buyer Enthusiasm Fades As Tax Credits Expire

Posted by: Chris Palmeri on August 28

Just when the home building industry seemed to be bouncing back, news from California raises troubling questions. The California Building Industry Association says its members reported a significant drop...

Real Estate TV Shows Can't Keep Up With The Plunging Market

Posted by: Chris Palmeri on August 27

On vacation last week I watched a lot of real estate reality shows and realized just how quickly they can get outdated in this horrible housing market. Some of...

Did land regulations contribute to Florida's boom and bust?

Posted by: Peter Coy on August 26

Liberals tend to blame the bust we're going through on underregulation. Conservatives finger overregulation. Example: Tight land-use controls that impeded housing construction, limiting supply and (temporarily) driving up prices....

Florida's Population Dropping with its Home Prices

Posted by: Prashant Gopal on August 25

Florida's population, which has been rising year after year since the end of World War II, fell for the first time this year, according to the demographers at the...

Foreclosures and mental health

Posted by: Peter Coy on August 24

In case you missed it ... the University of Pennsylvania School of Medicine put out this press release last week: PHILADELPHIA – The nation’s home foreclosure epidemic may be taking...

He Wrote The Book On Real Estate Investing

Posted by: Chris Palmeri on August 15

Long before “Rich Dad, Poor Dad,” “Art of the Deal” and the gazillion other books on how to get rich in real estate were published, William Nickerson was the...

Cleveland's Housing Rebound

Posted by: Chris Palmeri on August 12

Cleveland popped up recently as the U.S. city with the largest increase (4.1%) in home sale prices among the twenty big cities followed in the S&P/Case-Shiller Home Price Index....

What If the Housing Bubble Never Happened?

Posted by: Prashant Gopal on August 11

Slow and steady housing markets now seem to be in better shape than markets that boomed and busted such as Florida and California. But does that mean that homeowners in...

Is Your House A Money Pit?

Posted by: Chris Palmeri on August 10

ServiceMagic.com, a company that links home owners with local contractors, has come up with a formula to figure out if your house is a money pit. According to a...

When Home Sellers Lie

Posted by: Chris Palmeri on August 07

Los Angeles police chief William Bratton announced this week that he was leaving his post for an undisclosed job in the private sector. What does this have to do...

Is Washington DC real estate poised for a rebound?

Posted by: Prashant Gopal on August 06

Demand for homes in the Washington DC metro is now outpacing supply, The Washington Post's Elizabeth Razzi reported today. The inventory of unsold homes in June dropped to a healthy...

US Home Prices Show Quarterly Growth

Posted by: Prashant Gopal on August 06

Another sign that the housing market is improving. Clear Capital, which provides real estate valuation data for investors, said today that U.S. home prices jumped 5% in the quarter ending...

Global Real Estate: Boom to Bust to…?

Posted by: Prashant Gopal on August 05

Real estate is local, the saying goes. But the current cycle of booms and busts has not only been seen in communities around the nation, but in countries across the...

Greenspan: Housing Market Bottom Yet To Come

Posted by: Prashant Gopal on August 04

Today I wrote that pending home sales hit a two-year high in June -- seemingly another indication that the housing market has hit bottom. But former Federal Reserve Chairman Alan...

Mortgage Application Fees Now Non-Refundable

Posted by: Chris Palmeri on August 03

I can remember being bombarded by mortgage refinancing offers from lenders during the boom. Many said they would waive their fees to get a deal. Now, slowly, the solicitations are...

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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