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Readers suggested a topic on the housing bubble hustle. "Just heard an ad on the radio for a national mortgage lender. The fellow said something to the effect of 'as prices go up, interest rates are sure to follow!' Imagine if someone made a similarly deceptive statement about a nutritional...
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It's Friday desk clearing time for this blogger. "A five-bedroom house in Las Vegas sold in mid-July for $499,000, double the price it went for three months ago. In Phoenix, a similar house sold this month for $600,000, gaining $273,000 since March. Both properties were bought and resold by...
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Some housing bubble news from around the globe. Bloomberg on the UK, "Chancellor of the Exchequer George Osborne’s plan to boost the U.K. housing market is winning his Conservative Party votes at the risk of creating a property bubble, economists say. Help to Buy is designed to let cash-strapped...
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Readers suggested a topic on mortgages. "I think a discussion of the 30 year mortgage (and the government intervention that is necessary to keep it around) would be interesting. Here is an article arguing in favor of it. I’m sure there are plenty out there arguing against at least the government...
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It's Friday desk clearing time for this blogger. "Florida Realtors released second-quarter sales figures Thursday showing the Bradenton-North Port-Sarasota metro area is seeing a growing trend toward a seller's market. James Adkins, broker-associate with Adkins Florida Group, remains positive there...
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The News & Observer reports from North Carolina. "Last week, American Homes 4 Rent, the large investor that has been gobbling up single-family homes in the Triangle and turning them into rentals, raised $705.9 million in an initial public offering of stock. If American Homes 4 Rent continues to...
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