“No News is Good News” In an initial public offering (“IPO”), the interval between when a company files its paperwork with the SEC and the SEC approves it, is known as a “quiet period.” What’s the equivalent in residential real estate? The interval between when the lender’s appraiser submits their report, and the lender completes...Read More
“Deja Vu All Over Again?”* The number of buyers who signed contracts to purchase homes dropped in May to the lowest level on record, a sign the housing recovery can’t survive without government incentives. The National Association of Realtors said Thursday that its seasonally adjusted index of sales agreements for previously occupied homes tumbled 30...Read More
The Link Between 0% Interest Rates, Spiking Gold When “risk-free” cash keeps paying a guaranteed loss, then a growing number of people will, in due course, start seeking shelter elsewhere. –“What The Economist Doesn’t Know About Gold”; Seeking Alpha (6/29/2010) The above quote is from the best piece I’ve seen yet explaining why gold is...Read More
