Data through November 2010, released January 25 by Standard & Poor’s for its S&P/Case-Shiller Home Price Index, the leading measure of US home prices, show a deceleration in the annual growth rates in 17 of the 20 Metropolitan Statistical Areas (MSAs) and the 10- and 20-City Composites compared to what was reported for October. The … Continue reading Home Prices Continue Down Nine Cities Hit New Lows
December 2010 Overview The December housing market begins with a continuation of the seasonal price and inventory declines, with asking prices down by 0.45% this month and active inventory down by 3.16%. In November 2010, the Altos 10-City Price Composite continued its seasonal decline by 0.45%. Expect weekly declines in price, inventory and demand through the … Continue reading Real-Time Housing Market Update December 2010
A great American philosopher once said: It’s Déjà vu all over again. Although it’s a great line, my intent here is not to wax philosophic by quoting Yogi Berra. The malaise in which America now flounders is Déjà vu all over again, as it is eerily reminiscent of the America of 1980 and the malaise … Continue reading Turning America Around: Part One
Moody's says that even AAA-rated US Treasury bonds, considered the safest of investments, could be downgraded if Washington continues on its current path of failing to manage the federal debt.
“Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion." Moody's Investor Services
Surely you remember Obama's $787 Billion emergency economic stimulus spending bill from this time last year. It became known as the American Recovery and Reinvestment Act of 2009. Obama promised it would create millions of jobs and keep the unemployment rate from exceeding 8.5%. What is now undeniable - even by those who drank the … Continue reading How Many Jobs Has Obama's Trillion Dollar Stimulus Plan Created? With Accountability Out of the Way, We'll Never Know
Since Obama's American Recovery & Reinvestment Act - you remember the $787 billion in emergency economic stimulus spending - didn't work, the Obama Administration has come up with a simple solution: spend more and lie about the results. This President makes Slick Willy look like a conservative boy scout. For months the White House has … Continue reading How Many Jobs Have Been Created By a Trillion Dollars in Stimulus?
Given the difficulty of trending the home building market, it’s only fitting that the five experts we asked for the first five housing markets to recover picked an ersatz grab-bag of markets from the Great Plains, the Deep South, and even the Industrial Midwest. There’s something for nearly every builder in here. That said, the … Continue reading Housing Market Experts Predict the Housing Markets That Will Recover First
The newly expanded home buyer tax credit extends the $8,000 first-time buyer credit through April 30, 2010 and provides a new credit of up to $6,500 for repeat home buyers. The National Association of Home Builders (NAHB) is spreading the word to consumers about an important new law that extends and expands an attractive tax … Continue reading Tax Credit For Home Buyers Expands Home Buyer and Economic Activities
(CNN) - Rush Limbaugh brought his popular vitriol to national television Sunday, calling President Barack Obama unqualified and questioning if Obama and other Democrats care about the nation's well-being. In a rare television interview, on the FOX News Sunday program, the conservative talk radio superstar declared himself worried about America's future under Obama and said … Continue reading Rush Limbaugh questions if Obama and Democrats care about America