Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Joe Smith who wrote (24538)	6/23/2005 1:37:20 PM
From: Bucky Katt	Respond to of 48461

Home prices hit an all-time price high in May> Even with the small drop in sales, home prices moved higher, to an all-time record of $207,000 for the median price, the point where half the homes sold for more and half for less. The new report was likely to do little to lessen concerns that the housing market in some parts of the country is caught in the grip of a speculative fever similar to the bubble that was created in the stock market in the late 1990s before prices came crashing back to earth. Federal Reserve Chairman Alan Greenspan, while discounting the possibility of a national housing bubble, has talked of "froth" in local markets that have seen a sizable run-up in prices over the past year. He has also expressed concerns that home buyers are using types of mortgages that allow them to purchase more expensive homes with less of a downpayment, leaving them vulnerable if prices do fall sharply. David Lereah, chief economist of the Realtors group, said he too was concerned about the reliance on interest-only mortgages and other types of mortgages that are offered with low down payments. Both types of loans would leave borrowers vulnerable if home prices started to slide in areas where price increases have been the greatest. "I worry about a high level of questionable loans in those bubble areas. That could make those markets more fragile," Lereah said. apnews.myway.com

To: Joe Smith who wrote (24538)	6/23/2005 1:39:06 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 48461

And on that note> In-Home ATM Provides Fast Cash Pulte Homes has partnered with Ditech.com and Fannie Mae to provide in-home cash-out refi access via a personal ATM machine incorporated into the standard kitchen design in all new homes. Discreetly tucked beneath the slab granite counter top and housed in its own alder wood cabinet, the nickel-plated money machine offers the ultimate in consumer convenience. Simply knock on the side of wood cabinet and out pops a fresh crisp new 100-dollar bill. Knock three times on the front if you want more...subsequent side knocks then dispense 500-dollar bills. A real-time data feed, delivered to your kitchen via satellite radio, updates the microprocessor inside the ATM with the latest home price appreciation percentages so your available cash is increased on an hourly basis. Fannie Mae currently limits your cash-out loan total to only 150% of your estimated home value; however future plans are to gradually increase the limit to as much as 300% depending on how hot the real estate market is in your area. A miniature tungsten lamp illuminates a faux current balance display that you can set to any value you choose before showing off the machine to your friends and relatives. (To check your actual balance available you must log on to www.Ditech.com/knockonwood/ and enter your Pulte password). LOL.... wallstreetexaminer.com