News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a...
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News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a mature and informed level of social and economic analysis. Contributions emphasizing the macroeconomic effects are especially welcome.
A Honolulu Advertiser article shows a significant drop in median home prices for the island of Oahu. The median price of a single-family home on O'ahu tumbled 8.8 percent in June to $625,000 as dwindling demand convinced many sellers to take less than they probably could have gotten a year ago.Yesterday's report from the Honolulu Board of Realtors confirms that buyers are getting scarce. Last month there were 232 single-family home sales, down 31.4 percent from 338 sales in June 2007. Year... Read Full Story
Cleaning up after foreclosures can be messy. For us who live in America, credit is a way of life. Without good credit, you are very limited as to what you can do in our economy. Is your credit is in ruins? Under normal circumstances you would have to wait for seven years while your credit report repairs itself. But knowing what to do can help speed up the process of getting your credit repaired much sooner. A lot of the news media will tell you that you can do nothing to repair your... Read Full Story
KHON2 news took a look at the local housing market in their popular Dollars and $ense segment. Homes are taking longer to sell these days, unless owners are willing to take a hit. But times are changing, tipping the scales in favor of qualified buyers. Some owners are lowering prices for a quick sale.âBuying a home is the last bastion of hope in terms of having something to write off on your income taxes. They've taken everything away except for your interest that's deducted on your... Read Full Story
Continuing my Friday series on ethical issues facing the next President, let’s go to Wall Street. You may remember my posts from a few weeks back discussing how Bear Stearns got bailed out by JP Morgan Chase and the Fed when subprime lending took its toll. It turns out that subprime mortgages may be just the tip of the financial iceberg threatening the ship of America’s economy. Below the surface of the regulatory waters lurk something most Americans have never heard of until recently... Read Full Story
Continuing my Friday series on ethical issues facing the next President, let’s go to Wall Street. You may remember my posts from a few weeks back discussing how Bear Stearns got bailed out by JP Morgan Chase and the Fed when subprime lending took its toll. It turns out that subprime mortgages may be just the tip of the financial iceberg threatening the ship of America’s economy. Below the surface of the regulatory waters lurk something most Americans have never heard of until recently... Read Full Story
