Posts Tagged ‘housing’
Why are people leaving California, and, who are they?
We did a post recently about the problems of the California pension system. That prompted a somewhat lively discussion in the comments section about the population of California. Thanks to those comments, I was reminded of an article I read several months ago that is “exactly on point”, as we lawyers say.
Read MoreSummer of recovery – July existing home sales at 15-year low
Ouch. Although some analysts suggested July home sales would drop around 12 percent, the figures just in from the National Association of Realtors indicate July existing home sales numbers dropped more than 27 percent.
Read MoreDualing headlines concerning housing economy
These reports are based on two different measures, new housing sales and existing housing sales, but tell me if there is a difference in the way the economic news is pitched.
Read MoreEconomic Roundup … and the news ain’t good.
I know, I know … the recession is over. But somehow statistical confirmation is outweighed by friends and family who still can’t find jobs, and 9.7% unemployment (new figures come out this week ) is hardly reassuring. I can assure you Wall Street is worried. Predicting economic direction is tricky business .. especially now. I…
Read MoreHouston drops idea to pay off personal debt
A proposal to hand out $3,000 to individuals who did not have good enough credit score to qualify for mortgages has been crossed off the Houston city council agenda this week. The idea was to use the $3,000 to help individuals improve their credit score by a few points so they would qualify to buy…
Read MoreThomas Sowell On The Housing Crisis
Thomas Sowell is a very bright man with uncommon common sense. A guest on my show only once (he is very tough to nail down), a free market thinker he does a great job of tracing the root cause of the current financial crisis, an even if you are one to believe that “greedy bankers”…
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