News Archives: July 2011

Real Estate Website Is off to a Bubbly Start

Oh, the irony! Zillow.com, the “in” darling of real estate wbesites, just went public and its IPO shares tripled in value on the first day – at least, for a while. Founded by the same former Microsoft execs that rolled out Expedia a few years back, Zillow is best known for its “Zestimate” that uses a proprietary algorithm to appraise the value of properties, plus it has the usual listings and other market info. So, …

 

Demographics are putting a long-term curse on the future of the housing market just as much as the economy, tight credit, and the foreclosure situation. Those looking at retirement in the next decade are having to spend a greater percentage of their income on necessities due to lower income or job loss, while at the same time they have to squirrel away more of their income for retirement in light of hefty 401(k) losses and …

 
Will Political Measures Fix an Economic Problem?

With election season getting into gear, the administration is getting serious, or perhaps desperate, about “solving” the housing crisis. New initiatives and ideas are being discussed, but it’s hard to say if they have what it takes to turn the tide before November of 2012, which could end up being a referendum on the economy as a whole. The $8,000 home-buyer tax credit that ended in the spring of 2010 did jump-start sales while it …

 
Buffet Says the Dream Is still Alive

While some analysts are proclaiming that the American Dream is dead with little chance of a resurrection any time soon, Warren Buffet still believes that the dream of home ownership is still a viable option for many Americans. Buffet still lives in the same house in Omaha he bought 52 years ago for $31,500 – and that’s one of his three pieces of practical wisdom for successful ownership. First of all, forget the dream house …