Real Estate Radio Usa Episodes

On today’s show we talk about the latest real estate news including recent analysis about what is being called the “Black Hole” of the mortgage fallout. We interviewed George Donohue, the real estate negotiation specialist. That, and Barry C’s new blog post today on Real Estate Radio USA. Forbes.com reported recently that the mortgage meltdown is creating what is being coined as the “$400 Billion Black Hole”. If that is not bad enough, other researchers, like the ones at UBS, put the figure closer to $600 Billion. The “Black Hole” is referring to the toll that the mortgage credit collapse is having on the financial system. This crisis has far reaching effects just now being realized. Case in point, the Associated Press article titled, “Even in Napa, foreclosure crisis hits home”. Some interesting stats from Napa County are included in the article such as, home sales tumbled 55% from last year and the fact that the number of area foreclosures jumped by 152.9 percent. An interesting article from Reuters toda