Houston real estate update

In this clip, our old friend Lou Minatti gets on his bike (literally) to review recent developments in the housing market. It is getting worse down there. Great video.

Cramer on housing

It is a sad fact but today everything is recorded. Here is Jim Cramer's sorry collection of misjudgements on the housing market. A year or so ago, he laughed at the possibility of a housing crash. Then he had a nervous breakdown.....

The real estate minute

I couldn't figure out what these guys were selling. They seemed like realtors. They also seemed to be saying that real estate was overvalued, by pointing out that house prices are high, and incomes too low. At one point, they seemed to suggest that renting seems like a good option.

So where are these guys going to make a living. I can't see too many 6 percent sales commissions coming out of this ad.

Renting in America

Here is a first rate clip about what it is like to rent in America today. Now that house prices are crashing, renting is now starting to look like the smart move.