Friday, August 25, 2006

Worried about real estate in this country?

There has been an explosion of commentary in the blogosphere on the housing situation, in addition to what is showing up in local newspapers all over the country.

There are numerous blogs out there devoting all their energy to the subject (one such blog has entry after entry after entry of links to scary articles).

But for those interested in what this may mean for the broader economy I'd recommend perusing the Big Picture. Scroll down and/or check the archives and you'll find a ton. Call it a macro view.

And for those looking for more practical information... say, you're selling your own home... check out multiple articles and links found on Larry Nusbaum's site.

Good stuff.


Blogger Larry Nusbaum said...

Direct lenders and mortgage brokers sold (nothing is ever bought) us adjustable rate mortgages when the 30-year and 15-year fixed rates were at historic lows. Now that short rates affecting those ARMs have exploded up they want you to refinance once again. One problem: they have all started to tighten up their lending requirements at the wrong time. Seems a bit late to me.

2:57 PM  

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