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I.O.U.S.A - The Movie that Speaks to our Declining Market


There is no denying that our country has always faced financial problems based on our mentatility of borrowing versus saving…of consuming versus producing…of “printing money” when needed!  This issue has been compounded with the downturn of our real estate market and depreciating home values.  Our homes are the single largest asset (or should I say liability now) of many Americans.  With a decrease in this asset, spending is minimized and families cannot rely on their homes as an ATM machine anymore.  This issue is hitting home, not only as a country but individually.  A movie called I.O.U.S.A is being released this month that outlines not only our current financial conditions but the history that has led to where we are today from a debt perspective.  Below is the trailer:  

This is a preview of I.O.U.S.A - The Movie that Speaks to our Declining Market. Read the full post (195 words, estimated 47 secs reading time)

Home Builder WCI Communities Files for Chapter 11


WCI Home Builders could not obtain the necessary funding to maitain a healthy cash flow.  With $2.18 billion in assets and $1.92 billion in debts WCI had to file for Chapter 11.   WCI Home builders focus on the luxary real estate market where most of its business is centered out of Florida (one the top states for declining real estate prices).   A week ago its stock went from 99c to 2c.  This is a far cry from the ~$20 it was trading for about a year ago.   This is yet another plea for help in our declining real estate market. 

This is a preview of Home Builder WCI Communities Files for Chapter 11. Read the full post (125 words, estimated 30 secs reading time)

More Signs of Recession - Stagflation


As of today, February 16, more are more signs are leading towards a further declining market:

  •  U.S import prices went up by 1.7% which was driven by increased prices for oil
  • Export prices increased 1.2% which was the largest jump since 1989.
  • The Reuters/University of Michigan index of consumer sentiment dropped to 69.6 which was the lowest it has been since 1992.  These numbers are representative of the recessions in the mid 70’s, 80’s, and early 90’s.
  • Stock prices fell due to concerns that there was a slowing in consumer spending.  Dow Jones was down 28 points to 12,348.
This is a preview of More Signs of Recession - Stagflation. Read the full post (159 words, estimated 38 secs reading time)

January Job Losses are the Highest in 4 years


It was reported that over 17,000 jobs were lost last month. Most of the jobs were lost in construction, the mortgage industry and in real estate (no surprise there!). This doesn’t even include all of the real estate agents who are still technically employed with a broker but are not seeing any income due to the drastic drop in sales.

Bush couldn’t have said it any better in this article, “There’s serious signs that … the economy is weakening”.

Click here for the full story from Yahoo! Finance…

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