Home price increases speed up in third quarter, hit new peak According to the Q3 Zillow Real estate market reports, released today, home values fell only 0.2 percent from the second to the third. up slightly to 28.6 percent of all single-family homes with.
The truth is we are not going to see real GDP growth until we remove the weight of excess leverage that still exists. On November 28, I wrote Why Deleveraging Is The Ultimate Outcome As The Fiscal Cliff Just Doesn t Matter explaining why deleveraging is necessary. We are a nation that is still plagued with a leverage problem.
09/04. Index-fund alternatives for active ETF investors Marketwatch / Bill Donoghue. Savers and borrowers may need to act before Fed does Marketwatch / Chuck Jaffe. Exports seen as key driver for economy AP via Houston Chronicle / Christopher S. Rugaber. Auto sales slump continues in U.S. Globe and Mail / Greg Keenan Stock Investors Have It Backwards Smartmoney.com / James B. Stewart
Home Prices Off More than 20 Percent Nationally: Report The borrower bailout fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong House and Senate negotiators are trying to craft a veto-proof version of the bill. president bush says he would veto it because it calls for a 61 cents-per-pack increase in the federal excise tax on cigarettes, taking it to $1. The House came within about a dozen votes of overriding Bush’s veto of a similar bill last month.fdic sues 12 banks over mortgage bonds.
it’s that Americans are frustrated knowing that Barack Obama’s plans to raise taxes during a down economy and his proposal for a trillion dollars in new government spending are the absolute wrong.
The Post-Crash Economics Society at the University of Manchester recently released a manifesto for reforming university economic curriculum. Economic understanding and as a field of study is still very young relative to other sciences.
Former Clayton Holdings execs band together to found new due diligence firm In separate testimony to Financial Crisis Inquiry Commission, officers of Clayton Holdings-the largest residential loan due diligence and securitization surveillance company in the United States and Europe-testified that Clayton’s review of over 900,000 mortgages issued from January 2006 to June 2007 revealed that scarcely 54% of the loans.Corker-Warner bill a triple threat to recovery, trio says ore BEST FOR SKY & VIRGIN cM hannels 7-13 May 2016 than any other tv mag! NEw Billions What Damian did next! pluS david Mitchell is the Bard in new comedy Upstart crow a leagUe ofMarch home sales increase in almost all metros: RE/MAX Philly Mayor Throws Support Behind city-wide foreclosure prevention program PHFA’s grant, in conjunction with outstanding programs created by City Council and Mayor Kenney, will be critical to preventing real estate tax foreclosure in Philadelphia." Geographic data on severely burdened homeowners and those facing foreclosure fillings, compiled by the Office of the President, can be viewed and searched here.Texas economic growth remained robust in February. The state posted strong job gains, and unemployment remained low. The texas leading index ticked down following several months of strong growth. Home inventories remained low, and home sales rose in the month, while indicators of residential construction were mixed.
The plan includes 71 billion euros in new bailout loans from the European Union and the international monetary fund, and would urge private holders of Greek debt maturing during the next eight years to trade their holdings for new 30-year bonds, which could lower the current level of Greek debt by an additional 90 billion euros, the newspaper said.
OK, how did this confusion cause the crash of 2008? The exact same mistake we make fun of students for making is made by journalists and professional economists every time they assert that money was “easy” because nominal interest rates were low. Actually this mistake is even worse, because it is doubly wrong.