When Fannie Mae has a day like Tuesday but still goes up anyway, what's a bear to do?   Read More

Disappointing report from Fannie Mae. They reported a loss of $2.57 per share, well above the loss of $1.48 estimated by analysts. A larger provision for credit losses was the main culprit. They're also raising $6b in new capital through offerings of common and convertible and non-convertible preferred stock.    Read More

Why's Congress handing money to homebuilders that homeowners should get?   Read More

It's not just for next week. This Game Plan is about how the market will come back over the next year.   Read More

Cisco's downbeat earnings comments could make a dent in stocks Thursday morning. Ahead of the opening bell, investors will also be watching rate meetings by the European Central Bank and the Bank of England.    Read More

It’s the last day of 2007, which means everyone and their broker are busy with predictions for 2008, but I’d caution you in using today’s numbers from the National Association of Realtors as any basis for prediction.    Read More

I've never claimed to be an economist (just play one on TV), but I have held a few yard sales in my time, so this I know: If something isn't selling, lower the price. So how can new home sales be reportedly dropping 9 percent while the price of a new home rose month-to-month from $229,500 to $239,100?!    Read More

So I was clicking through all the sale spams in my inbox this morning -- from all the major retailers -- offering me 25 to 60 percent off on cashmere items, plasma TVs, sateen sheets and unwanted DVDs. Suddenly it occurred to me that one group of retailers was conspicuously absent: America’s big home builders.   Read More

I'm out of the office today, but I'll be back -- and blogging -- on Wednesday. Happy Holidays!   Read More

The folks at HUD felt that my blog of yesterday left out some key points, namely, their side of the story, so I am happy to post a reply directly from them.   Read More