Real estate trends, community events and other stuff happening in Branchburg.
Great Society Part II: Fed Tries to Save Itself From…Itself
Posted on Aug 24th, 2007, at Seeking Alpha:
David Roskoph submits: The scuttlebutt is that FHA (Federal Housing Administration) is being retooled to assume lots of the bad paper issued by those nasty sub-prime lenders. Now that the proverbial fan is mired with economic reality, the options …
The following table contains closed residential real estate transactions in Branchburg for July, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through serial listings of the same home (it is a common agent “trick” to withdraw and re-list …
From The Wall Street Journal:Â
After the Tumult,
Is It Buffett Time?
Berkshire Chief Finds
His Popularity Grows
As More Loans Falter
By KAREN RICHARDSON
August 21, 2007; Page C1
The bond market has seized up, stocks are in turmoil, private-equity funds are sidelined and hedge-fund managers and lenders are hosting fire sales.
These are happy days for Warren Buffett.
“I can spend money faster …
From the Wall Street Journal:
Wall Street, Bear Stearns Hit Again
By Investors Fleeing Mortgage Sector
By KATE KELLY, LIAM PLEVEN and JAMES R. HAGERTY
August 1, 2007; Page A1
The nation’s weak housing sector sent another shudder through Wall Street, with insurers and lenders taking further hits and Bear Stearns Cos. shutting off withdrawals from a mortgage-investment fund.
The stock …