A story yesterday by CNBC’s Diana Olick got my attention initially because of the title; “Home Buyers Are Back, but Where Are the Houses?” In that article Olick talks about the Spring housing market, and about how house inventories are staggeringly low given all the variables. With the raw number of homes for sale its lowest in over a decade, the question “Where are all the houses?” certainly is a curiosity. Let’s take a look.
Federal Housing Finance Agency To Sue Big Banks Over Toxic Mortgages
September 3, 2011 by
The New York Times is reporting that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is planning to sue more than a dozen big banks for misrepresenting the quality of mortgages that were sold at the height of the housing boom. The suit alleges that the banks who packaged and sold
Investment Tycoon Buys Steel City’s Tallest Skyscraper
April 19, 2011 by
Although it took four long years to come together, property investor Mark Karasick finally got what he wanted when his New York investment group acquired Pittsburgh’s tallest skyscraper for $250 million on Friday.
