The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults. ...more

September 25, 2007

Regarding 'Rally At Tampa House Pitches New Exemption' (Metro, Sept. 18): The superexemption rally shows everything wrong with home ownership here. Politicians create exemptions in taxes, pretending the lost revenues won't be collected elsewhere. Insurance companies gouge owners and the legislative response is dubious at best. Meanwhile, everyone ignores the third guilty party: sellers. Realtors, shady lenders, seedy flippers, gullible buyers and greedy owners have created a housing market 33 percent overvalued in the Bay area (Local Market Monitor). ...more

September 18, 2007