Day

November 5, 2008

"Housing Micro-Markets"

New Technology Lets RealtorsHone in on “Micro Markets”Investors are fond of saying “it’s not a stock market, it’s a market of stocks.” By the same token, I think of the housing market not in terms of overly broad, market-wide statistics — which can mask a great deal of variation between neighborhoods — but as an...
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‘Underwater’ vs. Foreclosure

“‘Underwater’ Need Not Mean Foreclosure” That’s the title of a nice article in today’s Wall Street Journal. The article’s author makes the point — which I have observed — that most people who owe more than their home is worth keep making payments, regardless. Assuming they can. According to the article, the two biggest factors...
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