by Phyllis Rockower | Sep 19, 2012 | Economic News, Housing News
Next mess: Hedge fund are creating the first security that would be backed by home-rental payments. The bonds would work similarly to mortgage-backed securities – only the flow of investor returns wouldn’t come from monthly mortgage payments, but rather income...
by Phyllis Rockower | Sep 18, 2012 | Economic News, Foreclosure Updates, Housing News
Prices are really jumping because of the shortage of homes available and the big hedge fund dummies buying up everything. However, i am concerned. This is not a natural progression. Usually prices increase when income increases. This is not why prices are increasing....
by Phyllis Rockower | Sep 15, 2012 | Economic News, Real Estate News
In an effort to boost the housing market, the federal reserve has taken a new and unusual step. Instead of merely buying treasury bonds to lower mortgage rates, it is now going to buy mortgage backed securities. You know them- the toxic ones that caused the problem in...
by Phyllis Rockower | Jun 15, 2012 | Housing News
This is no great surprise, despite the media hype about how it was going to ruin us. I wonder what they will do now to try to scare us now that housing is on the mend? read the...
by Phyllis Rockower | Jun 13, 2012 | Housing News, Phyllis Says, Real Estate News
Can you believe it? After years of bulging inventory of reos, the days on market has shrunk to an amazing 33 in L.A. Because of several reasons: Interest rates so low makes for a positive cash flow situation for buy and hold Upside down home owners not putting houses...
