Posts Tagged ‘home sales’

Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay

Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay

So, the mortgage industry has seen originations fall in a single year by 60-70 percent, but the housing markets are okay, in fact they’re recovering all around us every day, and prices are up. ... (Continue reading)

Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year

Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year

In other words, the housing market hasn’t recovered, and won’t recover because it can’t recover until the underlying fundamentals change, and that won’t happen for a long, long time. It certainly won’t happen as long as we refuse to... (Continue reading)

Recovery? Ho, Ho, Holiday Sales Tell the Tale

Recovery?  Ho, Ho, Holiday Sales Tell the Tale

I'm just so relieved that none of this dismal economic news was caused by the respective economies being in deep recession led by unreported worsening unemployment and pretend housing market recoveries. Because if those things were the cause, why... (Continue reading)

Optimism is Hard Thing of Which to Let Go – The Car Sales Recovery Surprise

Optimism is Hard Thing of Which to Let Go – The Car Sales Recovery Surprise

Tell you what WSJ people… next time feel free to call me on stuff like that. I don’t depend on automakers breaking things out, I actually have functioning eyes and ears and I use them pretty much all the... (Continue reading)

Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead

Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead

What happened? As the decline in housing prices began to accelerate across the country, this exposed underlying cracks in the financial system. Foreclosures began to rise, loan losses mounted, and housing prices dropped even more, creating a downward spiral not... (Continue reading)


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