Posted June 20th, 2008 by Jon
… in honor of the Celtics Win, your very own one of a kind, 2008 Larry Bird Replica Mustache!!!!
Yup… this one has nothing to do with Real Estate, but a buddy of mine put up an auction on Ebay for the One of a kind Replica. And how could I not do my best to add to the hype.
The bidding started at 99 cents and is currently riding the wave up to a whopping $8.50. Mostly due to the excellent sales pitch as you scroll further down on the item listing. I mean who doesn’t want to slap someone elses facial hair on their upper lip to improve their jumpshot??? I suspect the attention it got from a few other sites didn’t hurt either….
The auction only has a week left, so Bid while you can!!!!!
Posted June 6th, 2008 by Jon
More recent Case Shiller data came out at the end of May.
And of the 20 Cities it looks at, The biggest losers over the previous month are…..
1) Miami with a 4.7% loss
2) Las Vegas at a close second, down 4.6%
3+4)San Fransisco and Los Angeles tied at a 3.7% loss
5) And the best of the worst five award goes to Tampa down 3.5%
Only two cities were up, Dallas Texas and Charlotte North Carolina. While Denver and Cleveland deserve honorable mention for prices dropping the least amount.
Boston, MA Real Estate prices were down 1.1%, falling back to their January 2004 prices. And Detroit is the only City to fall to it’s 1999 prices (or even come close).
Graph time???…. Oh yeah….
Posted June 3rd, 2008 by Jon
And she’s comming out swinging!!! In an attempt to combat the current housing market conditions, good old Fannie has agreed to start purchasing and guaranteeing 5% down loans (and some 97%LTV) across the board, even in declining markets. Effective as of June 1st, 2008.
“Across the board” doesn’t mean that Real Estate speculators will be getting the same deal, it’s only for Single Family Homes which are primary residences. But still, this is a HUGE improvement over the prior policy of requiring a larger downpayment for areas that were considered to be declining markets, which was just further choking much needed potential homebuyers out of the market.
While it’s not a guarantee that everyone will qualify for 5% down loans, it’s a great indicator that we are seeing the end of the kneejerk reaction to the Mortgage Crisis we’ve been living through in the last year, and that the worst is already behind us.
