When will the financial markets become normal so the real estate market can start to rise again?

Although the financial markets are still in shambles, there are signs of life. The federal government has given more money to US banks to help grease the financial wheels of the economy. With the Citigroup breakup and Bank of America needing much more cash to handle their purchase of Merrill Lynch, I believe it will [...]

How Banks Are Dealing With More REOs and Defaulted Paper Than They Can Handle!

Back in 2005, many luxury condos sold out beofre construction was complete. This was the case with a luxury condo complex in Biscayne Bay called the,  “Jewel of Miami’s Cultural District”, a 635 unit, 60-story tower. Over the last three years, the appraised values of these units have dropped over 35%. This made Banks back out [...]