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Issue of September 3, 2007 |     |
Lost in TransitionWith the recent deepening of troubles in the loan markets, many mortgage companies have been hit hard, resulting in large numbers of company closures and a growing tally of job losses in the industry – as many as 25,000 nationwide in August alone, by many accounts. Main Event Despite the uncertainty that swirled around the doors of the Boston Convention and Exhibition Center for years before it opened in 2004, the city’s newest tradeshow venue has more than proved its worth. ‘I Told You So’ Syndrome By Jerami A. Marshal What has become easier to predict than the Red Sox squandering opportunities during a pennant race is the onslaught of “mortgage experts” who portray themselves as all-knowing soothsayers after the demise of multiple mortgage companies and Alt-A loan guideline changes. Discount Brokers See Friction, Opportunity as Fee Models Evolve By Walter Hall The winds of change are blowing in the real estate industry, as the days of the 5 percent and 6 percent commissions for traditional real estate brokers are starting to decline. Investors Expect Price Declines By Stephen Bedikian Housing-price futures contracts expiring in August 2008 began trading on the Chicago Mercantile Exchange last week and investors appear to have taken all the recent bad real estate news to heart. Check and Balance Banker & Tradesman's political cartoon. LETTER: Zoning Act Precludes I’m disappointed with Banker & Tradesman’s support (“Supersize It?” editorial, issue of Aug. 20) for Wellesley’s efforts to limit the size of homes by requiring residents who want a home exceeding 4,500 square feet to be subject to site plan review. |
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