Housing, the force that has lifted the economy from almost all previous recessions, now appears to have become the little engine that can’t, as the nation seeks to find another means of raising the U.S. from economic stagnation. One only has to look at the graphs (courtesy of Calculated Risk Blog) to see just how far . . . → Read More: The Little Engine That Can’t
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 Comments are closed  Economic Crisis, Foreclosures, Housing Statistics  construction and jobs, Foreclosures, housing crisis, housing market With millions of homeowners having lost much of their net worth as a result of the housing crash, many have asked, When will home prices return to pre-recession levels? And the answer is neither simple nor encouraging. Lost Home Value What homeowners really want to know is when their lost equity will . . . → Read More: When Will Home Prices Return to Pre-recession Levels? Comments are closed Buying Homes, Economic Crisis, Selling Homes Buying Homes, home values, housing crisis, recession, Sellking homes Continued Struggles for Housing As we wind up year four of the worst housing crisis since the Great Depression, the country still faces the issues of strategic default, principal forgiveness and the specter of moral hazards. It now seems obvious that waiting for an illusive housing recovery is an exercise in futility, for we’re no closer . . . → Read More: Strategic Default, Principal Forgiveness and the Specter of Moral Hazards 6 comments - (Comments are closed) Economic Crisis, Foreclosures Foreclosures, moral hazard, principal reduction, strategic default Prepare for the Future There’s nothing typical about the current housing market, but the changes in housing aren’t just revolutionary, they’re evolutionary too. And it’s not limited to housing; the broader economy is being transformed almost daily. The stock market is volatile. Home . . . → Read More: The Changes in Housing Aren’t Just Revolutionary, They’re Evolutionary One comment - (Comments are closed) Economic Crisis, Housing Market Buying Homes, economic crisis, housing market, Selling Homes With the economic crisis having decimated the budgets of millions of families, many are wondering if it’s possible to improve your credit report and FICO® score. And while some have seen their credit scores decline as they fell behind with mortgage payments and credit card bills, the damages can be repaired. Yes, you can improve your . . . → Read More: Improve Your Credit Report and FICO® Score Comments are closed Debt, Economic Crisis consumer credit, credit bureaus, credit repair, FICO scores Coping with the Structural Changes in Housing Dark Shadows Over Housing I recently received an email from a Twitter follower accusing me of “yellow journalism,” the practice of presenting biased, exaggerated or distorted stories as objective fact with little or no effort to substantiate the claims being made. The email even included a definition of “yellow journalism” . . . → Read More: Coping with the Structural Changes in Housing Comments are closed Economic Crisis, Housing Market economic crisis, housing market, optimism, responding to crisis Stop Whining About the Mortgage Interest Deduction As congress and the Administration begin considering the new budget, there have been loud cries in opposition to cutting what some consider “sacred cow” programs, such as the mortgage interest deduction, social security, and subsidies to farmers and business. The whining has already begun. During the past few months there . . . → Read More: Let’s Stop Whining About the Mortgage Interest Deduction Comments are closed Economic Crisis, Housing Market Deficit, mortgage interest deduction, National Debt, Responsible Government While various proposals for revamping the home mortgage market, are being considered, it seems unlikely that a quick fix will be discovered. The ultimate solution will probably be just a modified version of the old system. . . . → Read More: Can Congress Really “Fix” Housing? 3 comments - (Comments are closed) Economic Crisis, Mortgages Fannie Mae, Freddie Mac, housing market, mortgage market An article on MarketWatch describes how the “shadow inventory” remains a substantial risk to the housing market. The article reports that S&P analysts have observed that it is taking longer for the housing market to absorb foreclosed homes than first anticipated, and that the number of foreclosures “may be a drag on prices for a few . . . → Read More: Shadow Inventory Remains a Substantial Risk to the Housing Market Banks Robbing Consumers Willie Sutton, the famed bank robber of the 1930’s and 40’s once made the statement, “Go where the money is…and go there often,” and though his lifetime take was said to be as much as $2 million, Sutton was a mere amateur. His crimes are dwarfed by those of today’s gangsters who, during . . . → Read More: The Greatest Bank Robbery of all Time One comment - (Comments are closed) Economic Crisis bank robbery, banks rob consumers, banksters, economic crisis |
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