Weekly News Roundup

roudup.jpgWe are still not seeing much in the way of good news when it comes to the real estate industry, but newspapers and blogs are keeping this issue in the forefront, forcing the powers-that-be to examine the situation, take steps to correct it and to ensure it does not happen again, particularly in the mortgage industry. Some of the more interesting news stories are as follows:

House Panel Clears Bill on Mortgage Lending, Damian Paletta, Wall Street Journal Online 11/8/07.

Ethics Standards for Brokers, Bob Tedeschi, The New York Times, 11/2/07. Wow, someone trying to fix something that is broke! Raising the standards for mortgage brokers.

Within the Fed, Resistance to Further Rate Cuts Edmund Andrews, The New York Times, 11/7/07.

Why Mortgage Lenders Didn’t Care About a Borrower’s Ability to Pay, EFinanceDirectory, 11/5/07. An answer to our question?

The Bubble’s Necessary Correction, Joel Kotkin, LA Times, 11/4/07.

Piggyback Credit Score Schemes Still Running Hog Wild, Kenneth Harney, SF Chronicle, 11/4/07.

Rethinking your decisions on earthquake insurance? Sue McAllister, Square Feet Blog, 10/31/07. After lasat week’s temblor, this is food for thought.

Home Prices Could Fall by 30%, Sweet Digs 11/6/07. Includes forecasting chart on where home prices are headed.

Hail Curbed – The National Real Estate Media Network, Transparent Real Estate blog, 10/30/07. One of the great real estate blogs gets funded to create a national network. Congrats!

Rentals Shoot Higher as Buyers Remain Afraid of the Market, Sweet Digs 11/6/.Fallout from the foreclosure debacle is seriously effecting rental rates.

Recent Bay Area Sweet Digs Posts:
Sunnyvale Inventory, and Recent Home Sales
Will America Spring For A Cash Diet?
Moving but Not Shaking in the East Bay
When The Dream Home Is The One You Build Yourself
Sales Perking in El Cerrito