We've seen all the statistics from the aughts - declining employment, declining stock prices, and weak income.Andrew Flowers, economic research analyst at the Atlanta Fed, points out that decades are arbitrary, and that the previous decade started with a recession and ended with the great recession. He suggests looking at periods as trough-to-trough: Ba […]
Click on graph for larger image in new window.A frequently asked question is how do new home sales compare to single family housing starts (both series from the Census Bureau). This graph shows the two series - although they track each other, the two series cannot be directly compared.For starts of single family structures, the Census Bureau includes owner […]
CR Note: the following is from housing economist Tom Lawler (posted with permission):Last month I showed data on trends in the REO inventories of Fannie, Freddie, and FHA, highlighting how while total REO inventory estimates appear to have fallen, REO at “the F’s” has increased notably over the last year. A few folks questioned how there could be reports of […]
As mentioned Monday, I found The Big Short discussion on 60 Minutes quite interesting. I went over to Amazon to check out the book — and was stunned at the very low review ratings for a book that had yet to be released. At the time, there were but 7 reviews. I clicked through a few [...] […]
Anyone else noticing an excessive amount of TrackBack Spam? It seems lots of gullible folks are buying into those Internet Get Rich Quick infomercials. The SEEO folks have convinced them if they link to a lot of bloggers,and then get trackbacks, it will raise their Google Rank. Not on my watch. That crap just pollutes the comment [...] […]
> The Daily Show just kills it in this piece on Corporate fraud. If you haven’t seen it (posted early this morning in the Think Tank) its must viewing. > […]
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching! […]
The number of homes sold – and the prices paid for those homes – fell in February, according to new data from the Triangle Multiple Listing Service Inc. […]
Wachovia Corp., the No. 1 bank in Raleigh-Durham market share by local deposits held, has agreed to pay $160 million to settle federal charges that it failed to establish an adequate anti-money laundering program. (WFC) […]
U.K. public sector net borrowing was less than expected in February, with central government revenue rising at its fastest pace since April 2008, in a sign that public finances are steadying. […]
The Porsche Carrera 911 GT2 two-door coupe is the most expensive 2010 vehicle to insure, according to a new ranking of average premiums. Minivans tend to be the least expensive to insure. […]