Monthly Archives: August 2011

Shares of homebuilders rose after a new report said housing prices have increased for the third straight month. The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices rose in June from May in 19 of 20 cities tracked. Prices … Continue reading →

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Robert Frost  

The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Aug 22 … Continue reading →

Ms. Schucman was the Columbia University clinical psychologist who “scripted” A Course in Miracles. Many are hoping for a miracle to send the housing market into recovery, but Ms. Schucman says we only need to look at a situation properly … Continue reading →

– Sales of newly built, single-family homes declined 1 percent to a seasonally adjusted annual rate of 312,000 units in June, according to figures released today by the U.S. Commerce Department today. “Today’s report shows that new-home sales remain in … Continue reading →

“New Home Sales: 312k  Why build new houses when you can buy existing ones at below the replacement cost or cost to build a new one, even before the cost of the land.?  Of course, if you already lost money … Continue reading →