Archive for recession
Here’s What the Housing Inventory Picture Really Looks Like
The federal government has tried every manner of strange intervention to foolishly support the price of real estate. The trend in unit sales shows very little evidence of success (see… Read more
New Update of 120-Year Residential Property Series Suggests 22 Percent Nationwide Fall Ahead
Michael David White is a mortgage broker in… Read more
The Fed Is Too Powerful To Be Unaccountable
Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes. The popularity of US Rep. Ron Paul’s bill to audit the Fed… Read more
Default As A Patriotic Duty
The President of the Financial Crisis Stimulates Systemic Long-Term Unemployment. Consumer Advocates Attack Creation Of Affordable Housing. *** I read a mysterious statement the other… Read more
The Numbers Still Say 30% Down 30% To Go
It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage… Read more
Four More Years To Fall
The exhaustive Freddie Mac price index fell 2% nationwide in the 3rd quarter and analysis of its data predicts prices will continue to fall for the next four years. While Freddie announced… Read more
Weak In Review
Now that I’ve recovered from turkey overload, it’s time to digest last week’s economic data turkeys. Case Shiller was out with more late data last week. I say late because the data includes sales… Read more
Single-Family Inventories Remain Oversupplied by 900,000 Units
Inventory of single-family homes fell 60,000 units in October. They remain oversupplied by 908,000 units when compared to the long-run average. The total of existing units for sale equals 3.57… Read more
