This blog is devoted to articles related to finance, borrowing, real estate, economics and the credit union/banking industry.

Friday, September 30, 2005

A Car Guide for the Young, Fabulous and Broke

http://biz.yahoo.com/special/mmcarguide.html

California's housing market is overvalued by up to 45 percent

http://money.cnn.com/2005/09/28/real_estate/california_housing.reut/index.htm

Tuesday, September 27, 2005

Has the real estate market peaked?

Sales are down 9.9% and the supply of homes ever increasing.
http://www.marketwatch.com/news/story.asp?guid=%7B1A657D49%2DB058%2D4F20%2D9F7A%2DD4AB6C464AE1%7D&siteid=mktw

Greenspan comments on Housing Market

Greenspan Talks on Housing: To the ABA convention... Greenspan comments on housing market being driven by speculators and that "froth" may be affecting mortgage markets. Also, indicating homeowners should be able to absorb a drop in prices. Greenspan says housing trouble may lie in "exotic" mortgaging instruments, which can be dangerous in a rising rate environment. The housing market has seen a median 15.8% bump in prices over the past year, according to Bloomberg data. The Fed chief notes that certain locations are seeing "unsustainable" home prices. He notes that second homes are behind skyrocketing housing prices, and the variable mortgage instruments need "ongoing scrutiny." Most homeowners have sufficient "equity cushion[s]." He says, however, that it is not clear whether the housing market is "moderating," and acknowledges there may be localized problems in certain market areas.

Monday, September 26, 2005

5 ways to boost your credit score

http://money.cnn.com/2005/09/21/pf/debt/credit_scores/index.htm

Thursday, September 22, 2005

The Benefits of Credit Unions

http://www.allbusiness.com/articles/PersonalFinance/2445-2419-2420.html

Bank fees are more outrageous than ever

Excellent article...
http://moneycentral.msn.com/content/Banking/Betterbanking/P128193.asp

Monday, September 19, 2005

Investing: Bubble talk on housing

http://www.iht.com/articles/2005/09/16/yourmoney/minvest17.php

Crazy loans: Is this how the boom ends?

http://money.cnn.com/2005/09/15/real_estate/financing/crazy_loans_0510/index.htm?cnn=yes

Friday, September 16, 2005

Shorts find ways to bet against US housing bubble

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-09-15T191832Z_01_N15301_RTRIDST_0_PROPERTY-SHORT-STOCKS.XML

Tuesday, September 13, 2005

Boston Bubble talk

http://www.bostonbubble.com/

Banks feeling pinch on profits

http://business.mainetoday.com/news/050911banks.shtml

Kids Savings Idea

www.moonjar.com

Economy thriving in Maine

http://www.seacoastonline.com/news/09122005/maine/62442.htm

Friday, September 09, 2005

What You Should Know About How Your Credit Score Affects Your Everyday Life

http://carolinanewswire.com/news/News.cgi?database=topstories.db&command=viewone&id=3319&op=t

Tuesday, September 06, 2005

TIPS FOR SAVING MONEY ON GAS

http://www.kansas.com/mld/kansas/12520366.htm

First Crack in the Housing Bubble ... And Everyone Missed It

http://biz.yahoo.com/prnews/050905/phm001.html?.v=23

http://www.investmentu.com/aboutiu/WorldFinancialSeminars/Images/Housing.gif

Grandich's take on the housing bubble

Here are the latest words from Peter Grandich concerning the housing bubble within the Blue Chip & Income Report.
"Bubble or not, the residential real estate market is playing an ever larger role in the health of our domestic economy. Since 2001, two out of every five jobs created in the private sector have been tied to the real estate boom, according to a Merrill Lynch economist. What’s more, 70 percent of the rise in household net worth in recent years can be attributed to gains in home values. Americans used to consider their home a nest egg. Now the home appears to many as a magical ATM machine.

"Homeowners doubled the amount they took out of their home in cash this quarter compared to the same quarter last year. That cash-out figure was 16 times more than back in the mid-1990s. What short memories some people have. I remember how so many people felt after the stock market tanked in the new millennium, stating how they were foolish to be so much in the stock market. Now many of those very same people tell me this time it’s different- they’re in real estate! Oh boy...."

Keeping balances low can boost credit score

http://www.nwherald.com/BusinessSection/296140205156004.php

Bad-Mouthing the Bubble

http://www.fool.com/news/commentary/2005/commentary05090206.htm?ref=foolwatch

What Should You Do About the Housing Bubble?

http://www.elliottwave.com/features/default.aspx?cat=pmp&aid=1907

Friday, September 02, 2005

Home prices increase at their fastest rate in 25 years

http://www.usatoday.com/money/economy/housing/2005-09-02-housing-usat_x.htm