Zillow Sets IPO Terms, Online Real Estate Bonanza (Z)
Zillow Inc. has now set preliminary terms for its initial public offering. The initial filing came in mid-April and that filing was for up to $51.75 million in proceeds and at that point we…
Housing
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Newest first · Page 185Funds Watch: Homebuilders’ ETFs Defy Gravity (XHB, ITB, PKB)
Over the last couple of week’s, two of the best performing ETFs were the iShares Dow Jones US Home Construction ETF (NYSE: ITB), up more than 7%, and the SPDR Series Trust S&P Homebuilders…
BofA Mortgage Settlement Has Bank-Sector Ramifications (BAC, C, WFC, FAS)
Bank of America Corporation (NYSE: BAC) is showing investors this morning that its book value may actually be more relevant than what it had been given credit for. The largest bank by deposits in…
Housing Market At A Discount
The S&P Case-Shiller report showed home prices dropped another 3% to 4% in the nation’s twenty largest markets in April. The amount was 7% or worse in five markets compared to April of last year.…
Case-Shiller Shows Some Real Estate Markets Still Bleed
Homeowners continue to see the value of their houses drop. The problem is much worse in some markets than others. S&P Case-Shiller released its data for April. The 10- and 20-City Composites fell 3.1%…
Why The Dow Will Plunge To 7,000
Photo by Spencer Platt/Getty ImagesOne theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as…
Trend Death: Wells Fargo Quits Reverse Mortgages (WFC)
Wells Fargo & Co. (NYSE: WFC) is one of the “Too Big To Fail” banks. Now it is going to be known as the “Too Big To Reverse Mortgage” bank. Today came the announcement…
Sizing Up Mortgage Exposure, Earnings, and Book Value for BofA and Peers (BAC, C, CMA, NYB, NTRS, RF, STT, USB, WFC, JPM, XLF, FAS)
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just buy the…
Changing Implied Default Criteria To Create Formal Defaults, PIGS & PIIGS (AIB, IRE, NBG)
The ratings agencies and outside groups are now saying that Greece is in default, like it or not. Now let’s go ahead and throw in Irish banks as well, with a real possibility of…
Five Star Quality Care, When Secondary Offerings Take Out Too Much (FVE)
Five Star Quality Care Inc. (NYSE: FVE) is not a company that many investors know very much about. After the move we have seen over the last year, and then the sharp reversal over…
Sleeper of an IPO? Mattress Firm Files To Come Public (MFRM)
Mattress Firm Holding Corp., owner and franchise giant of The Mattress Firm, has filed to come public. Yes, it is a bedding company. The listing exchange has not been picked out but the company…
Housing Double-Dip With Worse To Come
Home prices reached a double dip according to Case-Shiller. “Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that…
How Foreclosures Will Save Housing: 28% Of Homes Sold In Q1 In Foreclosure
Foreclosures are the blight that has spread through the real estate market and driven prices to decade lows. The drop in property values that foreclosures have caused has pressured homeowners who want to sell…
Housing Markets That Will Rise Most This Year
Housing has dropped more than 50% in many areas in the US, and there are few regions where prices are off less than 25%. Most housing experts do not believe the market will recover…
US Housing Market Disintegrates In First Quarter, Worse Since 2008 Lows
There is hardly any legitimate research that shows an improvement in the US housing market. That was confirmed again today as real estate website Zillow released its first quarter analysis. The introduction to the…