economic indicators

Was “Flip That House” A Sign Of An Upcoming Mortgage Crisis?

January 14, 2011

In a 2005 meeting between economists and then Federal Reserve Chairman Alan Greenspan as the housing market was continuing to inflate a chief economist named David Stockton remarked about how he had come across a television show where the “gist of the show was that with some spackling , a few strategically placed azaleas and [...]

Read the full article →

Will 2011 Be The Peak Of The Foreclosure Crisis?

January 13, 2011

Real Estate analysts from RealtyTrac Inc. are predicting that 2011 will be the height of the Real Estate crisis with an expected 1.2 million homes being repossessed. Lenders are poised to take back more homes than at any other time since the crisis began in 2006. At this time there are 5 million borrowers who [...]

Read the full article →

Slashing Prices In June 2010

July 23, 2010

Check out this Huffington Post article which highlights 10 places where real estate prices were at least 30% of the inventory on the market slashed their prices. If you’re looking for a Real Estate bargain, it’s definitely a buyer’s market in most places across the U.S.A. Tweet

Read the full article →

Restoring The Rule Of Law

July 13, 2010

James K. Galbraith is the author of “The Predator State: How Conservatives Abandoned The Free Market and Why Liberals Should Too”. He is a professor at the University of Texas At Austin. He states in an interesting Opinion piece at CBS news, “Banks Still Stand In Way Of Full Recovery” that at its deepest level [...]

Read the full article →

Eating Credit

July 8, 2010

Of course, the politicians have it all figured out. The current economic recession, that is. The Democrats know that it was the greedy Wall Street bankers, Goldman Sachs in particular. And the Republicans know that it was the government’s fault, meaning Fannie Mae and Freddie Mac. The Libertarians think we need to just stop all [...]

Read the full article →

Visa Revenues Up

May 7, 2010

Visa, Inc. has reported that second-quarter profits increased 33% over last year as the U.S. credit card spending has climbed for the first time in over a year. Net income for the first 3 months of 2010 was $713 million or 96 cents a share compared to the 2009 income of just $536 million or [...]

Read the full article →

Foreclosure-Now An Equal Opportunity Problem

April 19, 2010

The richest of the rich with the highest mortgages are expected to see a sharp rise in foreclosures during 2010, thereby joining the middle class and even the poor in a situation that nobody wants to be in. In the year 2009, there were 1312 houses with a mortgage of over $5 million that went [...]

Read the full article →

Nowhere To Go But Up?

April 14, 2010

In the late 1970’s interest rates were high, really high, about 17% or higher. At the time I wasn’t old enough for it to really affect me, rather I was just old enough for it to scare me into thinking that my generation would be the first generation that could never buy a home, car [...]

Read the full article →

Delinquencies Down But Total Recovery Still Pending

April 8, 2010

The total delinquency rate for non-mortgage or real estate related credit decreased in the final quarter of 2009. Improved consumer spending along with modest job gains has many economists feeling optimistic about the recovery of the economy. However, even with delinquency rates on the decrease they still remain high from a historical perspective. A composite [...]

Read the full article →

What Really Affects Local Real Estate Markets?

December 23, 2009

Is real estate a local business driven by local conditions or does the national economy affect it? Do weather conditions play a factor? What about restrictions on building and construction? For an interesting look at the potential trends in real estate see “Hometown Boom?” Tweet

Read the full article →

← Previous Entries