The Real Estate Wonk: So much for good cheer - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

The Baltimore Sun > Business > Real Estate > The Real Estate Wonk

« Targeting BRAC growth | Main | More slowing on the new-home front »

November 20, 2007

So much for good cheer

The Sun has a roundup of wire reports today about the stock market falling in large part because of depressing housing-related news. For instance:

Goldman Sachs Group Inc.'s downgrade of large banks, and its estimate that Citigroup Inc. would have to write down $15 billion due to its exposure to risky debt over the next two quarters, unnerved Wall Street.

The risky debt in question? Mortgages, of course.

The National Association of Home Builders' November housing forecast didn't help, either. It "remained unchanged at its lowest-ever level."

Posted by Jamie Smith Hopkins at 8:59 AM | Permalink | Comments (0)

Post a comment

All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Name:

Email Address:

URL:

Remember personal info?

Comments:

Verification (needed to reduce spam):

About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie

Follow @realestatewonk on Twitter