If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!“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 [...]
Here we are, well into the aftermath of the financial crisis that torpedoed home values across the country, sent mammoth financial institutions into the poor house, and drove unemployment numbers toward the double digits. The government, for its part, has taken increasingly drastic steps to put the real estate market right again, to mixed effect. [...]
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 [...]
Love it or leave it, but we’ve seen extraordinary actions in the past couple months in terms of efforts, both on the side of lenders and government, to help those who are struggling with their mortgages. Uncle Sam has gone out of his way to drive interest rates down to historic lows, and consumers are [...]
Ever since Fannie and Freddie were taken over by Uncle Sam, both consumers and politicians alike have been wondering what exactly the future holds for the two firms. Certainly from a pragmatic perspective they’ll be eventually released back into the wild once they’re “stable” enough for the task, but what will their functionality be? Will [...]
Media Channel - Needed: A New Commission To Probe Corporate Crime
RealtyTrac - Frustrated Homeowners Take a Walk
Huffington Post - AIG NAME CHANGE
Rain City Guide - Sunday Night Stats – Snapshot of “bottom”
RealtyTrac - Will Loan Modifications Change With Washington?
Calculated Risk - “My Manhattan Project”
The Big Picture - The Annual Existing Home Sales MSM Erratab
Dr. Housing Bubble - Public-Private Investment Program for Dummies: How does the new Treasury Plan Impact Housing and the Market? Poorly Planned Investment Program (PPIP)
Naked Capitalism - Treasury to Seek Power to Seize Non Banks (Trojan Horse Alert)
Huffington Post - Obama’s Global Op-Ed: “A Time For Global Action”
Finally, after months of doom and gloom and the sky is falling, we’re starting to entertain the idea that somewhere, at some point, the economy will begin to recover. The impact of last year’s debacle will continue to show in our brokerage statements and home appraisals, but at the very least if things stabilize we’ll [...]
I suppose it works in my favor that I’ve never been a big fan of home ownership. While many consumers (and experts) like to tout the advantages of owning your home as opposed to renting, the numbers in many cases (and again this is my own personal experience) don’t always add up. With that in [...]
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