recession
New Update of 120-Year Residential Property Series Suggests 22 Percent Nationwide Fall Ahead
The best long-run data series on property values estimates a fall of 22 percent from current values.
5Apr2010 | MichaelWhite | 2 comments | ContinuedThe Fed Is Too Powerful To Be Unaccountable
The popularity of US Rep. Ron Paul’s bill to audit the Fed taps into a great pent-up frustration about the unaccountability of the very powerful institution. Independent socialist Bernie Sanders of Vermont is the senate sponsor. While Dr. Paul wants to go as far as getting rid of the Fed, he wisely offered an opportunity for us to learn more and make a more informed decision.
12Jan2010 | BradleyJansen | 3 comments | ContinuedDefault As A Patriotic Duty
The President of the Financial Crisis Stimulates Systemic Long-Term Unemployment. Consumer Advocates Attack Creation Of Affordable Housing. *** I read a mysterious statement the other day. “My data show that between 1890 and 1990 real home prices actually didn’t increase,” said Robert Shiller, in Newsweek (Dec 30, 2009), Why We’ll Always Have More Money Than […]
11Jan2010 | MichaelWhite | 11 comments | ContinuedThe Numbers Still Say 30% Down 30% To Go
It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage payment.
30Dec2009 | MichaelWhite | 1 comment | ContinuedFour More Years To Fall
The exhaustive Freddie Mac price index predicts prices will continue to fall for the next four years as the index fell 2% nationwide in the 3rd quarter.
9Dec2009 | MichaelWhite | 2 comments | ContinuedWeak In Review
Now that I’ve recovered from turkey overload, it’s time to digest last week’s economic data turkeys. Case Shiller was out with more late data last week. I say late because the data includes sales only through September. Call it the curve behind the curve. Not only is it late, the index is an average of […]
30Nov2009 | Lee Adler- The Wall Street Examiner | 0 comments | ContinuedSingle-Family Inventories Remain Oversupplied by 900,000 Units
Inventory of single-family homes fell 60,000 units in October. They remain oversupplied by 908,000 units when compared to the long-run average.
23Nov2009 | MichaelWhite | 3 comments | Continued