Something’s Not Adding Up Here… Housing Is Back, But FHA Needs a Bailout?

Housing is back! So says the media and Lawrence Yun of NAR. 872,000 new housing starts in September. Prices are up some 11.7% in September. And Lawrence Yun is projecting 15% increase in home values over the next three years. So… what the hell is going on over at the FHA? The Federal Housing Agency, […]

Something's Not Adding Up Here… Housing Is Back, But FHA Needs a Bailout?

Housing is back! So says the media and Lawrence Yun of NAR. 872,000 new housing starts in September. Prices are up some 11.7% in September. And Lawrence Yun is projecting 15% increase in home values over the next three years. So… what the hell is going on over at the FHA? The Federal Housing Agency, […]

Concerning QE3, A Few Thoughts…

  I am not an economist, and I don’t play one on TV, and I didn’t stay at a Holiday Inn Express last night… but I kinda look like one. Plus, Seth Price of Placester isn’t an economist either as far as I know, although he’s a good friend who is not only brilliant but […]

Be Wary of the False Spring in Real Estate

Real estate people are some of the most optimistic people I know. They have to be in order to work a business in which they don’t make a penny without a transaction getting done, and the driving motivation for the consumer is a dream: The American Dream, the Dream of Homeownership, Your Dream Home. Real […]

Updating the Renter Nation Prediction

The Wall Street Journal carried a story today on its front page entitled, “Banks Push Home Buyers to Put Down More Cash“. The key paragraph: The median down payment in nine major U.S. cities rose to 22% last year on properties purchased through conventional mortgages, according to an analysis for The Wall Street Journal by […]