As home and real estate prices fall, home buyers will lose a primary motivation for paying high prices for homes: making money on home price appreciation. If you don’t fall into that category and money is not an object (probably about 1/2 of a percent of home buyers), then you aren’t affected by the market.

The Federal Bureau of Investigation isn’t wasting time. America needs some fall guys. Who better than lying and scheming financial salesmen? Finally, crooked bankers, financial gurus and investment brokers should be shaking in their boots. The FBI is on the stick and hasn’t been wasting much time. Obviously, the preponderance of evidence is huge or

The U.S. Treasury Department is scared out of its wits regarding the current plight of investment banking institutions. Treasury Secretary Henry Paulson claims that the government must quickly give the Federal Reserve more power to regulate the financial system, saying this year’s financial market turmoil highlighted the need for action. Know this now: we have

Wall Street enters the summer season with investors in a sour mood because they don’t want to face reality. For months, every qualified economic expert has pointed to an eventual rise in interest rates by the Federal Reserve. Economic policy makers have been looking at this summer as a prime time for change. Reality was

The joke of the day is CNN money’s recent article ruminating about the effect of the Federal Reserve’s low-interest rates and the creation of inflation. Low-interest rates for bank have helped the bottom lines of financial institutions. Consumers and investors have experienced little, if any, benefit. According to the article, some think that low interest rates

Well it actually is called “Boot Camp,” but to me that holds a negative war connotation so I would rather call it training, intense training. Kristine and Brandon and I were in Seattle for a church planting training week. Ten hours a day, four days. It was very long but extremely awesome! We covered everything

One of the many benefits of Caroline County has always been affordability. Currently however, homeowners are finding that their homes are not selling at nearly the pace that northern markets and some southern markets are. There are many factors to this. Whereas Caroline has many great attributes it doesn’t have the infrastructure or job market

Home prices continued to decline in April, now down more than 15% since April 2007. Predictably, markets like Las Vegas and Miami have been the hardest hit (down 27%!), though all major metropolitan areas are down according to the S&P/Case Shiller composite index. In other good news: Oil continues to hover in the mid-130s, above

The Brookings Institution, one of the nation’s most prestigious think tanks, has issued a new report on the mortgage crisis focusing on the role of state governments.  The report, entitled “Tackling the Mortgage Crisis: 10 Action Steps for State Government,” was written by Alan Mallach, a Senior Fellow at the National Housing Institute and a Visiting Scholar

The New York Times reports today that Bank of America is still firmly committed to acquiring crippled mortgage giant Countrywide Financial.  After reading the article, we’re convinced that the deal isn’t going to happen. According to the Times, Bank of America’s chief executive Kenneth D. Lewis “confirmed his commitment to the Countrywide buyout, which is expected to close by