This has been the worst winter I have seen in my adult life. We have had several snowfalls of more than six inches over the last two months and the snow has always been at least several inches deep on the ground constantly since early December (starting with the…
Online real estate tracker Zillow reports that the share of Orange County single-family homes with mortgages larger than the current value of the home — so-called “negative equity” or “underwater” — was 14.4% percent in the 4th quarter of 2009, barely up from Q3’s 14%. . If that percentage sounds low, you…
From the Association of American Railroads: Rail Time Indicators . The AAR reports traffic in January 2010 was off down 0.7% compared to January 2009. Click on graph for larger image in new window. This graph shows U.S. average weekly rail carloads. It is important to note that excluding coal,…
Space available: Google maps image of 1331 L St, NW, reportedly the MBA HQ. The Internet continues to reverberate with the weekend’s news that the Mortgage Bankers Association has sold its Washington, D.C., headquarters for about half of what it paid for the high-rise three years ago. According to…
Note: The Census Bureau will release the Trade Balance report tomorrow as scheduled, but Retail Sales (January) and the Manufacturing and Trade Inventories and Sales (December) will be delayed until Friday due to inclement weather. On Greece from the Financial Times: Berlin looks to build Greek ‘firewall’ “We’re thinking about…
Image and acronym from Gubbmint Cheese who writes: Tanta Vive! Note: Tanta is my former co-blogger who created the Mortgage Pig TM It’s Pig’d … I taly T urkey S pain P ortugal I reland G reece D ubai.. Click on Pig for larger image in new window. And a…
When I look back at my overspending days, it’s easy for me to see the many, many mistakes I made. My life was littered with them. There are some old journal entries of mine that are absolutely cringe-inducing to read. I still have quite a few items in my…
From CB Richard Ellis: U.S. Retail Cap Rates Ending at 9.01% , cap rates were up again. The 35 basis point gain is slightly lower than the last few quarters (43 and 46 b.p.). Rates are now the highest recorded since the Q1 2003 start date of our series .…
UPDATE: Reuters Headline Changed to: Report of EU Help for Greece Is Now Described as ‘Unfounded’ That didn’t take long … From Reuters: Euro Zone Agreed in Principle to Aid Greece: Report “The decision on help for Greece has been taken in principle within the euro zone,” [a senior German…
From the BLS: Job Openings and Labor Turnover Summary There were 2.5 million job openings on the last business day of December 2009, the U.S. Bureau of Labor Statistics reported today. The job openings rate was little changed over the month at 1.9 percent. The job openings rate has held…