Elko Building Slow Down

Hot off the press: A slowdown for Elko County in the number for construction permits. Guess even in Gold Country we can feel the effects. The homes up in Brookwood Estates are georgous! Let me know if you would like to see them~ I can arrange a viewing at your convience.


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A Prediction of Things to Come?

The European Central Bank is raising interest rates, and although the US isn't presumably following suite right away, might it be a indicator of things (interest rate increases) to come?

Fighting Against Foreclosure

60 Minutes: Who Owns the Mortgage?

Here is a interesting episode that ties is with my post from Feb. 2009 about the mortgage backed securities mess and sheds light on the "robo signing" of fictious documents.

Blame enough to go around for everyone.....the government for encouraging risky loans, lenders giving them, home owners that took the bait that their home would only go up in value, and back to the lenders for foreclosing on loans they may not have a right to- that's my opinion.

Mining Truck

Thanks to Dave Taylor for this photo of one of the big rigs they use out at one of the mines. Gold is $1400+/oz! Probably took what- 10- 20? pounds of it to pay for that truck though- not a cheap operation to get that gold from the gound.

NPR Morning Additon- Las Vegas Housing

Although this is not related to Elko, I thought it was interesting to hear about how the deflated housing market there is enabling lower income buyers into the market.

The second part of the audio clip explores the pros and cons of Fannie Mae/Freddie Mac in the mortgage industry. Worth a listen! What do you think- should our good 'ol Uncle Sam be backing mortgages?