“The economy is based on trust,” said Dean Johnson, associate professor of finance at Michigan Technological University in Houghton, Michigan.
In situations like the recent housing bubble, or even the stock market collapse of 1929, where markets were driven by debt and fueled by the false expectation that values can only increase, trust can be a [...]
If you’re an optimist like myself, you’ve probably grown tired of the constant hum of negative or depressing news as it relates to the housing market. More delinquencies here, higher foreclosures there, falling prices over there. After months of terrible news with no end in sight, we’ve seen some hints that things are, at the [...]
When it comes to most topics of interest, I tend to be an optimist by nature. When I read about great stocks like Apple getting cut in half or the overall market being dragged ever further into the tank, I tend to look at it as a buying opportunity (your mileage my vary of course, [...]
Sales of existing homes rose unexpectedly in December although the pace remained below that of a year ago, according to the National Association of Realtors (NAR). The jump was led by a surge in sales in the West. Sales volume was the lowest seen since 1997 while the national median price for an existing home [...]
The Internal Revenue Service (IRS) does not have a reputation for being a good guy. In the current crisis, however, the IRS has been one of the few government agencies taking action that actually helps the individual taxpayer. They have provided guidance on the Mortgage Debt Forgiveness Act and expedited the process for removing or [...]
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