When Statistics Become Misrepresentation
BLOOMBERG TV reports year end job losses are being revised upward 824,000.
Federal agencies, like the Bureau of Labor Statistics, are now engaged in intentional misrepresentation of fact, also known in the private industry as fraud. Did someone say there is a “trust deficit” between the public and Washington D.C.?
February 3, 2010 Add Comments
How Low Will Home Prices Go?
DR. HOUSING BUBBLE takes up this important question here.
The answer is home prices will fall significantly in California. Home prices at 10x median annual income were not sustainable. Given the fact that high unemployment will also become a significant factor, home prices will fall to about 2.5x annual income. This factors in record low mortgage interest rates.
But what happens in cities in California where the population is declining?
December 1, 2009 1 Comment
Economists Critical Of Obama Financial Regulation Proposals
ECONOMISTS SURVEYED by Fortune magazine are critical of Obama’s proposed new financial regulations.
The CRE community should become aware of proposed new regulations and related constructive criticism. Via Bubble Meter.
October 10, 2009 Add Comments
Appraisal Cuts Jump In September
APPRAISAL CUTS jumped significantly in September from August.
This isn’t a surprise in a falling commercial market. This article in the CA Real Estate Journal reviews the CRE market statistics.
October 10, 2009 Add Comments
July SP/Case-Shiller Home Price Index Up
THE S&P/CASE-SHILLER home price index for July moved up including San Francisco.
3 Oceans has the story, and a roundup of mortgage market news, including interest rates going up next month.
The upward move in home prices in July is very temporary. Lower inventory spawned the price increase and seasonal buying. But lenders are holding thousands of REOs off the market, the Shadow Inventory.
Housing Needs Stabilization
October 7, 2009 Add Comments
