| FSBO and Expired Programs That Really Work: How to Get FSBOs and Expireds to call you when they’re ready to make a move rather than you chasing them and lining up with every other agent in town. READ MORE » TODAY'S TOP STORIES = Premium Member News - Join Now » Monday, March 16, 2009 Capital requirements could hurt banks While policymakers and their kibitzers, among which I count myself, debate what is needed to cure the current crisis and associated recession, another debate brews in the background. It is about how to fix the system so that it doesn't happen again. Any coherent proposal for fixing the system is necessarily based on judgments about the causes of the current crisis. While there are many differences in emphasis, I believe that most observers would agree on the essentials: The crisis originated with a bubble in the residential real estate market, followed by its inevitable aftermath of declining home prices, and a subsequent explosion of home mortgage defaults and foreclosures. The resulting losses were worldwide because foreign investors held enormous amounts of U.S. mortgage-related assets ... CONTINUED Buildup, bubble and bust explained Book review: 'The Great Housing Bubble: Why Did House Prices Fall?' Real estate agency rules need overhaul Letter to the Editor Mood and doom Inman News Photo Contest Entry Real estate's February report card Perspective: Housing affordability at all-time high, but not for all Other Top Stories Search for bottom offers peek into abyss Commentary: Administration's waiting game wears thin 'Foreclosure' Web searches near 3-year peak Hitwise: Popular queries include 'free foreclosure listings' The dual-agency letdown How one's 'greatest asset' became a major liability More Headlines » |
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