September 2010
8 posts
5 Doomsday Scenarios for the U.S. Economy
5 Doomsday Scenarios for the U.S. Economy
by Derek Thompson, Daniel Indiviglio Saturday, September 4, 2010
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It’s been a brutal summer for the economy. The housing sector, like a balloon batted in the air one last time by the government credit, resumed its inevitable fall. Economic growth slowed to a lead-footed 1.6 percent, and job growth is even more anemic. Meanwhile,...
Reluctant Realtors: Fannie, Freddie →
Two years after they were taken over by the federal government, Fannie Mae and Freddie Mac face a new challenge: The mortgage-finance giants are becoming two of the nation’s largest home sellers at a time when the housing market shows new signs of softening
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Joshua Lott for The Wall Street Journal
Realtor Brett Barry, standing Tuesday in the kitchen of a ranch-style home...
15 Signs The U.S. Housing Market Is Headed For...
The U.S. housing market is dying. You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny.
Up until the end of April, the giant tax credit that the U.S. government was bribing home buyers with helped stabilize the real estate...
Home Price Double Dip Begins - CNBC →
Two new reports out today prove the consequences of oversupply of organic inventory (12.5 months on existing homes in July according to the National Association of Realtors) and the shadow inventory of foreclosed properties (estimates vary widely and wildly). CoreLogic’s Home Price Index shows home prices “flat” in July as transaction volume continues to decline. “This...
Home Prices Just Dropped In Most States And 8... →
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DETROIT LIVES: PART 1
Once the fourth-largest metropolis in America—some have called it the Death of the American Dream. Today, the young people of the Motor City are making it their own DIY paradise where rules are second to passion and creativity. They are creating the new Detroit on their own terms, against real adversity. We put our boots on and went exploring.
