Category Archives: Economic News

The euro crisis reaches the core

Greece, as it turns out, was the Eurozone’s canary. The canary was resuscitated and a small rescue mechanism was set up to revive a further canary or two – but beyond this the warning was ignored. The miners kept on working. They convinced themselves that this was the canary’s problem. Continue reading

Posted in Economic News, Fresh Perspectives | Tagged Debt, Greece, Stock Market, The Euro | 1 Comment

Has Real Estate Bottomed? Here’s How to Tell

The absence of stories about the bottom in housing will mark the final nadir, because the real bottom can only be reached when everyone has abandoned housing as a pathway to easy money. Only when the public and investor class alike have completely lost interest in real estate as a “sure-fire” investment can the real trough be reached. Continue reading

Posted in Fresh Perspectives, Real Estate Data | Tagged Home Prices, Housing Bubble | 1 Comment

June Existing Home Sales Disappoint. Realtors Blame Cancellations

Economists were predicting that June Existing Home Sales would rise 2.9%, but that didn’t happen. June Existing Home Sales fell 0.8% from May and are down 8.8% from June 2010.
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Posted in Newsletter, Real Estate Data | Tagged Existing Home Sales, Housing Inventory, Housing Supply, june home sales, Median Home Prices, NAR | Leave a comment

Bay Area Home Sales Surge in June

Bay Area homes sales surged 14.5 percent from May to June, though are still below levels from 2010. Continue reading

Posted in Newsletter, Real Estate Data | Tagged Bay Area, california, Existing Home Sales, Median Home Prices | Leave a comment

Foreclosure Activity Down 29 Percent So Far in 2011

Compared with the first half of 2010, foreclosure filings, default notices, auction sales, and bank repossessions are down 29 percent for the first 6 months of 2011. Continue reading

Posted in Foreclosures and Short Sales, Newsletter, Real Estate Data | Tagged Foreclosures | Leave a comment