By Get in the Game

May 15, 2008 10:03 AM | Link to this

Realogy’s CDSs are trading as if Realogy is going to default (query Bloomberg article).

Now that would be interesting.

Wonder what entity acquires Realogy?

Another poor private equity deal.

By im dying out here

May 15, 2008 10:29 AM | Link to this

LESS REVENUE EQUALS LESS REALTORS

By DRIVE BY MEDIA VICTIM

May 15, 2008 12:33 PM | Link to this

News Media INFLATES FORECLOSURE NUMBERS to scare away home buyers, according to a recent investigation by The Business and Media Institute, “Realty Trac Says Media Misrepresents Data” dated March 28, 2008. The news media TRIPLES foreclosure numbers ignoring REPEATED warnings from Realty Trac and the Mortgage Bankers Assn. Realty Trac provides statistics based on filings in EACH STEP IN THE FORECLOSURE PROCESS. There are typically three to four filings for every household in foreclosure YET the news media ignores this and MISREPRESENTS the gross number of filings as the TOTAL number of FORECLOSURES. In most case FORECLOSURES are INFLATED 300% by the NEWS MEDIA. The News Media also MISREPRESENTS the number of homes in foreclosure as a percentage of total homes instead of a percentage of homes WITH A MORTGAGE since 33% of homes nationwide and 42% of homes in Florida DON’T EVEN HAVE A MORTGAGE. The news media including JEFF OSTROWSKI and The PALM BEACH POST have DELIBERATELY MISLEAD READERS in order to scare away home buyers! The DRIVE BY MEDIA which includes The PALM BEACH POST have WAGED WAR against South Florida homeowners for the past four years in order to destroy the housing market. JEFF OSTROWSKI has been particularly deceptive by MASQUERADING foreclosure and distressed property consultants as impartial real estate experts to mislead the public with FABRICATED HOUSING HORROR STORIES like the frequently INFLATED FORECLOSURE STATISTICS The Palm Beach Post hypes EACH MONTH! Now you know that even REALTY TRAC says the news media LIES!! The NEWS MEDIA wants your property taxes to go UP and the value of your home to go DOWN!

By Matt Gentile

May 15, 2008 5:26 PM | Link to this

Live is good Jeff. 300 days of sunshine, over 78 million baby boomers getting ready to inherit over $130 trillion by some estimates and international home buyers taking advantage of extraordinary values. You just have to love the long-term fundamentals for Florida real estate!

Matt Gentile

By To Cheerleaders

May 15, 2008 6:32 PM | Link to this

Take a look at the IPRE numbers. While they might look better from last month, can you name any April that wasn’t better than the March of that same year?

In other words, for those simple cheerleaders among us that need things written in crayola, April is always better than March.

So lets look at April 07 compared to April 08. Looks like a big drop in the number of sales and the median price.

In other words, the market is still crashing.

But remember, “Prices are rising as we speak”

HAHAHAHAHAHAHAHAHAHA

By Local REal-tor

May 15, 2008 7:27 PM | Link to this

Matt is right, folks. Florida is #1 in the Sun! Smell ya later Seattle, overpriced coffe and computer geeks! Ladies love me down here, “Check me ouuuuuuut!” cuz im making some serious loot selling condos at the BK drive-thrue. Throw in the income generated from my recent condo sales, I practically DOUBLE minimum wage. Who else you know gonna hook you up with a double Whopper and a condo on the intracoastal? Thasss right! me, your local REal-tor!