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Friday, February 23. 2007

I just completed a segment with Rhonda Schaffler on Bloomberg Television The Bloomberg Report this afternoon. Topic was the subprime mortgage market shakeout and it's implications on the housing market. Bottom line is this: The subprime crash hits the low income and low-end of the housing market. As of today, the crash has not impacted pricing in the broader housing market. But we see the ripple effect extending several years into the future as the first time home buys are squeezed out now don't become trade-up buyers in the future.

They stream the live TV but I haven't found links to the recorded shows. Let me know if you can find it. The segment broadcast from about 3:10 - 3:20 Pacific time today.

Posted by Mike Simonsen in Altos Research, California real estate, Housing Bubble, Housing Market, Investment conditions, Leading Indicators, Mortgage and Lending, press coverage, Real Estate Prices at 13:48 | Comment (1) | Trackback (1)

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Criminal Probe in the Subprime Market
Last week while discussing the subprime mortgage meltdown and it's effects on the housing market on Bloomberg TV, I made a comment that host Rhonda Schaffler jumped on and caught me by surprise. I said something to the effect of this:We're very early i

Weblog: Altos Research Real Estate Insights
Tracked: Mar 03, 14:49

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Mike -- congrats again! You've been getting a lot of high-profile coverage lately...

#1 Kevin Boer (Link) on 2007-02-27 08:30

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