Category Archives: Pound Ridge

Real Housewife of Miami faces foreclosure | Pound Ridge Real Estate

We keep saying it, and it’s true: Foreclosure is not just for the middle-class or the average, working citizens who fall on hard times.

Many borrowers who are somewhat cash-liquid also end up facing foreclosure.

Karent Sierra, 38, appeared to the public on The Real Housewives of Miami to play the independent businesswoman who doesn’t need a husband to support her two mortgages, which carry a total balance of $870,000. Or maybe she does?

A gossip rag out of Miami claims the reality TV star is at risk of losing two Miami homes.

She is apparently worth $5 million, according to published reports.

No word on whether this is a strategic default …

No heat, let alone fire, in jobs report | Pound Ridge Real Estate

<a href="<a href=Smoldering image via Shutterstock.

One of many roads converging on perdition: quarreling with economic reports.

Many people do, usually for political-conspiracy reasons, but professionals are trained not to. You’re told from day one: “Don’t fight the tape.” Don’t fight the news, or the market.

Today I’m going to.

At dawn today came glorious news: In February the nation added 236,000 jobs, and the prior two months were revised up another 61,000, in sum double the forecast.