Archive for May, 2008

From the Bankers “Click for More”

Here’s a perspective that we don’t get that often: The inside real estate forecasts of some of the top executives of America’s biggest banks.
Speaking at a private financial conference in London last week, the bankers were moderately upbeat about where we’re headed in housing and mortgages.
Howard Atkins, chief financial officer of Wells Fargo, was quoted […]

Oil hits new record. “click here”

“Today oil set a new record high” is what we hear every day on the financial news. We don’t even have to read the news anymore to figure out that tomorrow the oil will beat its own record and hit a new high. Energy markets have become so predictable these days, just the opposite of […]

Worst cities for values “full story”

With home values continuing to plummet across the country, it’s become clear that the real estate meltdown is far from over.Values for single-family homes in 14 major U.S. cities posted double-digit declines from their respective peaks, according to the Standard & Poor’s/Case-Shiller Home Price Indices, which tracks prices of single-family homes. On a national level, […]

Letter from Will Wynn.”full story”

 Thanks for your recent email regarding energy efficiency upgrades to existing homes. I apologize for the form-letter response, but I’ve received more emails on this matter than I am able to respond to individually (which isn’t uncommon).
There is almost universal agreement that energy efficiency is an important goal, by which everyone benefits: the homeowner or […]

More on “Point of Sale” full story

City says complaints are premature, alarmist.
By Katie Humphrey
AMERICAN-STATESMAN STAFF
Tuesday, May 06, 2008
An older woman wearing a blue dress and pearls peers through a white-trimmed window.
She is the face of KeepAustinAffordable.org, a Web site that the Austin Board of Realtors recently launched to fight Mayor Will Wynn’s proposal to require energy-efficiency upgrades to homes when […]

Fed on Hold? “click for story”

Wednesday’s Fed meeting may have marked an end to the rate cutting cycle. As widely anticipated, the Fed cut the Fed Funds rate by one quarter point. Since September, they have reduced the rate from 5.25% to 2.00%, which was the most rapid decline in decades. Two out of the ten voting Fed members dissented […]