‘Ferris Bueller’ pal’s home for sale – The Daily Herald reports: Remember the stunning Highland Park (IL)  home made famous by the 1986 movie “Ferris Bueller’s Day Off?” It’s on the market for $2.3 million. – Chicago Breaking News  -    Chicago Daily Herald   hat tip  John Lothian’s excellent newsletter

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  classic chart update [...]

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Charts from Wednesday’s Mortgage Massacre:

great charts: Yeah but this time I’ve got the money! – … Mortgage servicers sold intermediate/long rates, which drove rates higher, which brought out more mortgage hedge sellers. Now we are set with some very basic problems.  The Fed can’t keep mortgage rates at or below 5% with the [...]

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Las Vegas home prices continue to slide – Business – ReviewJournal.com 
The article linked above is full of speculation on both sides of the argument on whether home prices in Las Vegas are reaching a bottom. Not a lot of hard information included.  I find it interesting that homebuilders are starting and selling [...]

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A Failure of Capitalism: Reply to Alan Greenspan – by Richard A. Posner
I have received an email from Alan Greenspan in which he expresses regret at what he describes as my “rather thin analysis of the source of the current financial crisis.” He states that his “view is different,” and by way of explanation [...]

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