While everyone busies themselves today parsing the existing homes data from the National Association of Realtors: sales down 2.6 percent in June, inventories spiking up again to an 11.1 month supply, and prices falling 6.1 percent, I need to focus on something that wasn’t in the table of this particular report... Read More

In a vote of no confidence in the housing market, President Bush this morning revoked his threat to veto the housing rescue bill, which is making its way to a vote on the House floor today... Read More

First I have to apologize... Read More

Early on, sellers were offering a flat screen with a sale, maybe even a one-year car lease... Read More

Raising capital is obviously the necessary move here, if they can, because if they can’t, then they’ll have to take the government up on its offer of cash, and that would come out of yours and my pockets... Read More