Anticipating that housing prices will most likely fall by an additional 10% to 15%, Seeking Alpha predicts an encore of the previously witnessed onslaught of negative equity and mortgage defaults on the horizon. For that story and more, check out Big Builder‘s bi-weekly roundup of the latest in opinion and commentary across the Web.
Morgan Stanley reports some unattractive numbers despite the sale of over $1 billion in assets, prompting Reggie Middleton’s Boom Bust to proclaim that it and Goldman Sachs are “essentially overvalued hedge funds” relying on risking trading and investments for survival.
Inman News puts out a call to developers and real estate agents, requesting short videos detailing the ways that the game has changed to address the market.
BusinessWeek’s Hot Property follows up on a 2004 story featuring Sierra Stewart and her family to see how they’re faring against an impending rate reset on their interest-only ARM.
In addition to mortgage lenders and the federal government stepping in to assist troubled homeowners, The Wall Street Journal reports that some companies are going to bat to help their employees avoid foreclosure.
With an 11.8 months supply of inventory and year-over-year median sales price declines of between 22.8% and 30.8%, Dr. Housing Bubble suspects that California remains far from hitting a bottom.
Cutbacks in the building industry are being blamed for Snohomish County, Wash.’s sharp increase in unemployment for the month of May, according to The Housing Bubble.
