Perhaps It Really Is Different Here In San Francisco…
From the New York Times: More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York…
Movement In The S&P 500 Versus Case-Shiller Since 1987
Sorry folks, but as noted, we screwed the proverbial pooch when we originally posted our reader’s S&P 500 versus Case-Shiller Index chart. Our greatest sin of which we do know…
Movements In The S&P 500 Versus San Francisco’s Case-Shiller Index
A plugged-in reader plots the past ten years of S&P performance versus the composite* Case-Shiller Index. Currently up 11 percent year-over-year, the S&P 500 has fallen 13.6 percent since the…
Pending Home Sales Plummet And The Markets React
The National Association of Realtors Pending Home Sales Index (“a forward-looking indicator”) fell 30 percent from April (110.9) to May (77.6). All seasonality and now stimulus aside, the index fell…
The Dow Drops Back Below 10,000. Yes, Skittish.
We’re back below 10,000 as the Dow closed the day at 9,870 without any so called “fat fingers” (which were never really) to blame. The S&P closed the day down…
U.S. Housing Starts And Permits Fall But Remain Up Year-Over-Year
U.S. housing starts fell to an annual pace of 593,000 in May, down 10 percent from April but up 7.8 percent year-over-year. Permit activity in the U.S. hit a one-year…
S&P 500 Back To Even For The Year To Date As Skittishness Remains
The S&P 500 is back to even for the year to date, up 20.73% over the past year. The Dow remains down 116 points from its close on May 6…
A Hundered Billion Here, A Hundered Billion There, And Pretty Soon…
“The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion…
41 Ford: Born A Two Bedroom, Rebuilt As A Four And Back
Born in 1936 as a 1,315 square foot two-bedroom with one bath and purchased for $1,389,500 in November 2007, 41 Ford has been rebuilt as a 4,260 square foot four…
(D)ow! And Did We Say Skittish?
Our rather succinct headline on May 6 when the Dow closed down 3.2 percent lower at 10,520: “A Rough Day On A Skittish Street.” A comment from auden four days…