The Oldest and Most Trusted Real Estate News Magazine

Author Archive

National Economic Outlook (September 2013)

National Economic Outlook (September 2013)

The rate of annual job growth in August, 1.7 percent, was basically the same as in previous months. We had better get used to the idea that this is the new normal, because there probably won’t be much help from the lagging government and construction sectors. Budget difficulties will prevent any meaningful increase in...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

Top Eight UnderPriced Single-Family-Home Markets

Top Eight UnderPriced Single-Family-Home Markets

When the home bubble burst, mortgage sales collapsed, both loan origination and into the secondary market.  The sleight hand in marketing mortgage backed securities was immediately exposed, challenging the price of homes and real demand.  Then the recession ensued, causing demand to dry up and driving down the price of homes in many local...
Read more »

Tags: ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (June 2013)

National Economic Outlook (June 2013)

The economic recession only lasted a year, but there wasn’t a recovery for homes because prices had climbed much too high and builders had built way too many of them. Prices had to fall, not just back to a “normal” level, but to an even lower level so that the large inventory of excess...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (March 2013)

National Economic Outlook (March 2013)

The budget shenanigans in Washington so far haven’t had an effect on the recovery, but an extended period of lower government spending and job cuts will quickly lead to economic stagnation. The economy is a self-reinforcing mechanism, a small dip in growth will be followed by further declines, even if the first dip was...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (February 2013)

National Economic Outlook (February 2013)

Home construction rarely matches the actual demand for new homes, which can change quickly – there’s often too much or too little. Because the US population grows one percent per year about 1.5 million new homes are needed every year. During the boom of the mid-2000s, two million homes were built per year; at...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (December 2012)

National Economic Outlook (December 2012)

It’s becoming clear to me that what we’ve been thinking of as a stage in the recovery actually is the recovery. Job growth at a 1.5 percent annual rate is well below our hopes from previous cycles but its getting hard to imagine faster growth unless the government starts spending more money (ha-ha) or...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (September 2012)

National Economic Outlook (September 2012)

Let’s do the jobs math. In August, as in the preceding months, the number of jobs was 1.4 percent higher than last year. We’re probably stuck at this growth rate which translates to 1.8 million new jobs per year. Unemployment is at 8 percent but it rarely gets below 5 percent, so the “excess”...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (July 2012)

National Economic Outlook (July 2012)

Why has this economic recovery been so sluggish? In a normal recovery, job growth would be accelerating at this point, rather than dragging along at the same modest level month after month. One culprit, off course, is the housing boom that left many homeowners with more debt than their home is worth. Another is...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (July 2012)

National Economic Outlook (July 2012)

Why has this economic recovery been so sluggish? In a normal recovery, job growth would be accelerating at this point, rather than dragging along at the same modest level month after month. One culprit, off course, is the housing boom that left many homeowners with more debt than their home is worth. Another is...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

National Economic Outlook (June 2012)

National Economic Outlook (June 2012)

The Wall Street Journal this week said, Grim Job Report Sinks Markets. The bold headline suggests an economy in retreat. After all, it’s an election year. But the May job numbers look like more of the same moderate growth we’ve been getting in recent months. Overall, jobs were up 1.4 percent in the past year,...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers, Realtors, REOs and Foreclosures | No Comments »

Sitemap Madbadcat Graphics