Some economists are starting to talk about an end to the housing crises. The article below by Cyril Moulle-Berteaux was printed in today’s Wall Street Journal. She makes a lucid argument that while the pain is not yet over - the beginning of the end is at hand. We would be interested [...]
Filed under: Industry and Economic News, Teles News and Press Releases on May 12th, 2008 | No Comments »
At his recent annual meeting of Berkshire Hathaway stockholders, Warren Buffet expressed considerable optimism that the worst of the credit crunch is behind us and that there are good opportunities in the bond and equity markets. While Buffett criticized the regulators for creating the climate for the subprime mortgage mess, he also credited the Federal [...]
Filed under: Industry and Economic News, Teles News and Press Releases on May 6th, 2008 | No Comments »
The slow down in open escrows earlier this year finally revealed itself in fewer closing for March year over year. While it’s too early to predict with any certianty, late January and early February may prove to be the low point of this current cycle. Sales volume was down in 13 of 17 markets we [...]
Filed under: Industry and Economic News, Micro Market Updates, Teles News and Press Releases on April 22nd, 2008 | 3 Comments »
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By MICHAEL M. GRYNBAUM
Published: March 11, 2008
Wall Street enjoyed its best trading day in more than five years on Tuesday — complete with a 400-point gain in the Dow Jones industrial average — after the Federal Reserve injected a burst of financial adrenaline into the ailing banking system.
The Dow finished up 416.66 points, near its [...]
Filed under: Industry and Economic News on March 11th, 2008 | No Comments »
“The Micro Market Discussion is more relevant now than ever.” The headlines that we read describing the housing market are usually about Macro Markets and depict National, State, County or City trends. This distorts the public’s perception of what could actually be happening in their own neighborhood. In the 16 local markets that we [...]
Filed under: Industry and Economic News, Micro Market Updates on February 21st, 2008 | No Comments »
The Chairman of the Federal Reserve Bank, Ben Bernanke, has indicated that he and his other board members have a strong interest in giving an assist to the financial markets and to the general economy by initiating further interest rate cuts. While the Fed does not directly manage mortgage interest rates, the Fed’s regulation [...]
Filed under: Industry and Economic News, Teles News and Press Releases on January 10th, 2008 | 1 Comment »
To our Clients, Family and Friends,
Welcome to first generation of our website. We hope you will find it useful, informative and easy to navigate. While we are beginning to introduce the internet presence of Teles Properties and the ability to post information on our listings, agents, the company and our industry, our goal is to [...]
Filed under: Industry and Economic News, Teles News and Press Releases on December 21st, 2007 | No Comments »
In the interest of keeping our customers informed we are want to share intelligent articles and opinions that often speak for themselves. Here is a great one from the Wall Street Journal.
The Roots of the Mortgage Crisis
by ALAN GREENSPAN
December 12, 2007; Page A19
On Aug. 9, 2007, and the days immediately following, financial markets in much [...]
Filed under: Industry and Economic News on December 21st, 2007 | No Comments »