Recent Noteworthy Articles in the Business Press

Ross — Wed, 30 Jan 2008 21:16:39 +0000

The latest economic data is coming out and things don’t look good — depending on who you are and how you positioned yourself in the last 5 years. For those unfortunate souls who bought into a mortgage they couldn’t afford, things look bleak:

1/30/08 NYT: Sales of homes fell 26% last year.
1/30/08 EFinancedirectory: Home prices are falling nationwide.
1/29/08 RealtyTrac: Foreclosures increase 75% in 2007. Comes with a map.
12/16/07 SF Gate: 1/5 of foreclosed homes in the SF Bay Area owned by investors.
11/27/07 USA Today: Foreclosures to have a profound impact.

For those banks that overextended their risk posture things are terrible:

12/5/07: EFinancedirectory: 1/3 of home loans are delinquent.
8/5/07: NYT: A nice graphic of the credit bubble, old but useful.

However, there is hope! Investors are beginning to move in to help bail out the banks and distressed homeowners:

12/28/07: Washington Post: Article about REO specialists.
12/2/07: SF Gate: Article about rehabbers.

Paper Street Investment Group » Housing Stats

Recent Noteworthy Articles in the Business Press

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