Category Archives: Ping.fm

Time magazine’s Sept. 6 cover story, “The Case Against Homeownership,” has drawn sharp criticism from home builders responding to its many inaccuracies but has also apparently raised the hackles of the publication’s readership. The article by Barbara Kiviat, who has covered business and … Continue reading →

NEW YORK — Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday. August employment and July … Continue reading →

President Reagan won re-election with 49 states. President Ford came from 30 points back to lose narrowly to Jimmy Carter, and would have won easily were the election a few months later. What does this say about an Obama second … Continue reading →

The administration’s ‘summer of recovery’ has fizzled in almost every way imaginable. The growth rate is less than half what it was at this stage after the 1974-75 and 1981-82 recessions. By MICHAEL BOSKIN The Obama administration’s “summer of recovery” has … Continue reading →

Major US cities registered improvements of up to 4.2 percent for single-family homes in the month of June but many economists remained wary that the spike was temporary and mainly due to the April expiration of the federal-sponsored home buyer … Continue reading →

Every region in the U.S. was down, and down sharply. The homebuilders did not cut their inventory levels and as a result, the backlog of new homes surged to 9.1 months’ supply from 8.0 months in June, which means more … Continue reading →

Once again, the consensus was fooled. It was looking for 330k on new home sales for July and instead they sank to a record low of 276k units at an annual rate. And, just to add insult to injury, June … Continue reading →

Home sales plunged in July and housing prices may dip again. But in six metropolitan areas, the housing picture is far brighter: Home values are rising and median prices are already well ahead of their peak during the housing bubble. … Continue reading →

Aug. 23–The latest numbers on foreclosures are no surprise to Ray Weathers as he answers calls from people inquiring about what they can do to keep their home. Over the past eight months, the number of calls he’s had at … Continue reading →

Should the government institute another homebuyer tax credit? Yes — another homebuyer tax credit would benefit the housing market and the entire economy. (64.57% / 113 votes) No — another tax credit would just be barking up the wrong tree, and … Continue reading →