Stories that that are being talked about the week of April 12th
A word from Robert J Shiller about housing recovery (or not) http://www.nytimes.com/2010/04/11/business/economy/11view.html
Robert Shiller discusses market timing and housing appreciation and where the housing market is headed. (NY Times; “Don’t Bet the Farm on the Housing Recovery”)
Las Vegas junkets to view luxury real estate
http://www.luxuryhomesoflasvegas.com/las-vegas-luxury-real-estate-pr-03-23-2010.shtml
Luxury Homes of Las Vegas is now flying affluent clients for tours of the luxury homes in Las Vegas.
Chinese drywall judgment
http://www.housingwire.com/2010/04/12/judge-awards-2-6m-for-chinese-drywall-claims-with-little-chance-of-collection
A civil judgment in favor of plaintiffs in Chinese Drywall case. However, many experts feel that the judgment may not be enforced.
Luxury and exclusive communities hit hard by foreclosures
http://realestate.msn.com/article.aspx?cp-documentid=23875607>1=35006
The poor economy affects the wealthy. Some exclusive luxury communities have many foreclosures.
Senate panel inquiry into Washington Mutual cites fraud
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/12/AR2010041204766.html
Wamu’s mortgage operations under fire by Senate pnael. (Washington Post; “Senate panel finds major fraud at Washington Mutual”)
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Copyright © 2010 Dan Krell