Recent News
Philadelphia Business Journal - Mag says Phila. economy built to survive recession
Philadelphia is among the U.S. cities best prepared to weather a recession, according to a report in Business Week.
Risk of house prices falling in Phila., Pitt. low
The risk of housing prices falling further by 2010 in the Philadelphia area is far lower than in most U.S. metropolitan regions, according to the latest U.S. Market Risk Index by PMI Mortgage Insurance Co.
Blue Moon blog - Beginning Credit Solvency
The issue of credit solvency is not necessarily a real estate bubble that has burst but rather a burst bubble of easy and unverified credit that has led us to our current housing crisis and economic recession.
Countdown to Credit Normalcy - CNBC video
A credit comeback checklist, with Michael Thompson, Standard & Poor's managing director
Blue Moon blog - GOV'T TAKEOVER!
Why the Fed’s decision to take over the GSE’s (Government Sponsored Enterprises Fannie Mae & Freddie Mac) is an excellent one:
Pimco's CEO Praises GSE Takeover - CNBC video
Pimco's CEO Praises GSE Takeover The head of the world's largest bond fun backs the Government's bailout of Fannie/Freddie, with Bill Gross, Pimco founder; Nouriel Roubini, RGEMonitor.com and Bill Ackman, Pershing Square Capital Management
ALERT! Freddie Mac Changes Investment Property Guidelines
Freddie Mac released on April 22, 2008 that they are revising requirements for INVESTMENT PROPERTY MORTGAGES beginning August 1st, 2008. Individuals must NOT EXCEED *FOUR* investment properties to obtain financing...
Rental market stays afloat amid housing turmoil
As the credit crunch deepens, mortgage defaults climb and the housing market turmoil shows no signs of letting up, rental apartment building owners are smiling.
What goes up, must come down, 4/24/08 FOX
U.S. median home prices have climbed steadily upward each decade for at least the last 40 years...
Home Prices Drop Most in Areas with Long Commute 4/21/08, NPR
The [neighborhoods] with short commutes are faring better than places with long drives into the city. Some analysts see a pause in what has long been inexorable — urban sprawl.
Sunny Side of the Street 4/16/08, WSJ
America's wealthy see buying opportunities in sluggish real-estate market
Magic Johnson Raised $1B for Co-founded Urban Investment
At a time when many sources of financing for real estate projects are drying up, a fund co-founded by former Lakers guard Earvin "Magic" Johnson has banked $1 billion for commercial developments in urban neighborhoods.
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