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Tag Archive 'housing slump'

Good News from the Housing Market?

Posted in General on Mar 26th, 2008

MarketWatch published a market report two days ago about an increase in sales in the housing market. Have we hit the bottom so soon? What I found most interesting were the comments at the bottom. The experts in the peanut gallery tend to disagree.
Author Rex Nutting reported on word from the National […]

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The Right Choice in a Wrong Situation

Posted in Building Mistakes, General on Nov 9th, 2007

Pardee Homes just made a really tough decision. Their Sacramento development has halted. Building crews have been let go and “deals made with only four buyers canceled” reports Jim Wasserman of The Sacramento Bee. The company has invested $200 million in the region and says it’s not shutting down for […]

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Trees Hate Foreclosures

Posted in Building Mistakes, Green Building Info. on Oct 9th, 2007

I was disappointed to read an article titled “Developers helped build a bust.” According to Mara Der Hovanesian of BusinessWeek, many developers began selling mortgages as well. They ended up misrepresenting clients’ income to sell their homes at higher prices. This has ended up in virtual ghost towns as foreclosures soon became […]

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