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links for 2011-04-02

  • Quote:"The unofficial shadow inventory: 1.8 million homes. According to research firm CoreLogic, there's another 1.8 million homes sitting in shadow inventory. These are homes that don't yet show up in NAR's Multiple Listing Service as being for sale, but that are likely to hit the market at some point. They include homes that banks have already foreclosed on but have yet to put up for sale, homes that are somewhere in the foreclosure process, and homes in which owners are at least 90 days late on their mortgage payments. CoreLogic estimates that those 1.8 million homes represents an additional 9 months of potential supply given the pace of how bank-owned property and pending foreclosures make their way to market.

    // Most areas have yet to see a housing bottom. Housing will probably lag employment, and this means it may takes years after employment reaches 5-6% for housing to become an asset worth investing in. Article includes geographic graph

  • Quote:"The Minnesota Historical Society, led by Minnesota State Geologist Winchell, investigated the Kensington Runestone in 1909-1910. They were most interested in the physical aspects of the stone and the location of the find.

    Winchell made three trips to Kensington, examining the find site, the similar glacier-carried boulders in the area, and interviewing Olaf Ohman (the finder of the stone), his neighbors, and townspeople. Professor Winchell recorded his observations, sketch maps, and interviews in a pocket field notebook. He wrote in his notebook: "I had a long talk with Mr. Ohman, and am impressed with the evident candor and truthfulness of all his statements".

    Winchell's geological examination of the Kensington Runestone has been adduced to suggest that the runestone is authentic.

  • // A guy can dream.
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