Monthly Archives: December 2007

Stockton Has Housing Issues

Because, with house prices tumbling, more people in Stockton face the repossession of their homes than anywhere else in the US. But Stockton is also a place where you can really get a feel for the staggering amounts of money … Continue reading

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Deja Vu for California Real Estate 2008

Could it be the early 1990s all over again? Or maybe the 1980s or 1970s? It certainly feels that way. From the housing crisis to striking writers to high gas prices, old was new again in 2007. Here is a … Continue reading

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Credit Suisse Stumbled Big Time with Sub-prime

Starting in early 2006, Credit Suisse cranked up a strategy to bulk up its money-market assets under management. The company used portals, computerized listings of money-market funds, to bring in assets from investors seeking the highest yields. Such portals, operated … Continue reading

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California Coastal Communities Delivers 9 Homes at Brightwater

California Coastal Communities, Inc. (Nasdaq: CALC) announced that it recently delivered the first nine homes at its 356-home Brightwater community. These nine homes generated cash proceeds of $11 million, or $1.2 million per home. In addition, $7.8 million of restricted … Continue reading

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Home Prices Fall Deep in October 2007

The decline in home prices accelerated and spread to more regions of the country in October, according to data released Wednesday. Prices fell 6.1 percent from October 2006 in 20 large metropolitan areas, according to Standard & Poor’s/Case-Shiller indexes, compared … Continue reading

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