Archives
REPRESENTATIVE PETERS RENEWS CALL FOR WALL STREET CRACKDOWN
Washington, D.C. - April 20, 2010 - (RealEstateRama) -- News reports on SEC investigations today illustrate what the Wall Street Journal calls “an open secret on Wall Street”: investment banks created products it knew would fail just to give hedge funds an opportunity to bet against them. The fact that these products were being created solely as a way for hedge funds to bet against the housing market was never disclosed to those who invested in them. Banks profited by taking fees for moving these investments, and then got bailed out by taxpayers when the investments went bad. Pension funds, mutual funds, local governments and other investors on Main Street lost heavily
Home Prices Weakest in Decade
Some Markets Remain Stubbornly Overvalued
WALTHAM, Mass. -- Global Insight, the world's leading company for economic and financial analysis and forecasting, released the 2007 second-quarter...
NW Michigan real estate: price reductions should spur market
As news of a rapidly-deteriorating national housing market continues to sweep across the country, northwest Michigan real estate agents remain hopeful and say our...
Mid-Michigan housing market still in decline
Some realtors have double the numbers of homes over last year.
One realtor said she has about double the homes for sale now than...
