Now, You Don't Have To Be So Rich

A report from the New Hampshire Business Review. "John Rice, president of the New Hampshire Association of Realtors, said things are really picking up on the Seacoast, where a 'popularly priced' home sells for between $200,000 and $400,000. If it is good shape and in a good location, it is going to...
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Mid-Year Predictions

What do you predict for the housing bubble and economy? A few from 6 months ago: "Everyone still tries to kick the can down the road. In Europe it does not work anymore. No more bailouts or stimulus in the US. The US goes into recession. Obama loses. Not by much. More war in the middle east. This...
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A Sense Of Blinding Positive Anticipation

It's Friday desk clearing time for this blogger. "National Association of Realtors Chief Economist Lawrence Yun said he 'would not be surprised' if U.S. home prices jumped 10% by June of next year. 'This time next year, there could be a 10% price appreciation. I would not be surprised to see that,'...
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Shades Of 2005 In Florida

The Bradenton Herald reports from Florida. "Sales of existing homes rose in May along with prices, according to figures released Thursday by the Manatee Association of Realtors. 'What I have really noticed is the inventory of waterfront homes,' said Sherry Flathman, a residential and commercial...
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How A Housing Recovery Is Defined

Readers suggested a topic on the current house buying environment. "How many more FOMC meetings without a QE3 announcement will it take for the QE3 cargo cult to give up their faith that a quantitative easing 'Third Coming' is on the way?" A reply, "It’s like the 'Age of the Grasshopper' versus the...
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Teeing Up The Pig For The Python

It's Friday desk clearing time for this blogger. "It was surprising to me several years ago when a legal aid attorney I knew became a go-to foreclosure crisis expert. April Charney has pointed out the dark clouds lurking behind whatever silver linings are being touted by those who claim the housing...
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