Category Archives: Real Estate

When it comes to prognostications on home prices, it’s important to distinguish between the short-term and thelong-term, especially given current circumstances. In a nutshell, short-term trends will be governed by supply/demand factors, while the long-term will be influenced by (potential changes … Continue reading →

Like a rabid bulldog that refuses to let go, Goldman’s Ed McKelvey has bitten on the fact that the US economy continues to deteriorate, despite the occasional data point which the feedback loopers latch on to, only to find out … Continue reading →

The US economy remains almost comatose. The slump already ranks as the longest period of sustained weakness since the Depression. The economy is staggering under many “structural” burdens, as opposed to familiar “cyclical” problems. The structural faults represent once-in-a-lifetime dislocations … Continue reading →

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 →