Category Archives: Home Economics

Posts on the economic theory, inflation, deflation, debt, taxes, economic data, and current events.

Pending Home Sales Plunge 11.6%; NAR Blames “Tight Credit”, Weather, Temporary Soft Patch

Posted on May 27, 2011 by Mish

NAR chief economist Lawrence Nun blames banks for “holding onto huge cash reserves” as the primary reason for the latest plunge in housing. He also cites the weather, oil prices, a temporary soft patch, and everything but motherhood and apple pie. Continue reading →

Posted in Fresh Perspectives, Home Economics | Tagged NAR, Pending Home Sales | Leave a comment

Most Americans See Housing Recovery Beginning 2014 or Later

Posted on May 26, 2011 by HS

A Trulia/RealtyTrac survey shows a significant change in public expectations about when a Housing Recovery will happen. 54% of respondents now expect a housing recovery to happen in 2014 or later, up from 34% just six months ago. Continue reading →

Posted in Home Economics, Newsletter, Real Estate Data, Social Mood Swings | Tagged Home Prices, Housing Recovery, Shadow Inventory | Leave a comment

Consequences of strategic default not as bad as you think

Posted on May 26, 2011 by irvinerenter

Lenders want to keep the millions who would benefit from strategic default in a state of fear and confusion to compel the borrowers to keep paying. They would prefer to publicly endorse borrowers most macabre fantasies of strategic default while quietly soliciting new customers behind the scenes. Prior to the blog era, they might have been successful. Continue reading →

Posted in Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Strategic Defaults, What You Need To Know About Buying and Selling Real Estate | Tagged Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walking Away | 1 Comment

New Standards Would Require Mandatory Loan Modifications Before Foreclosing

Posted on May 25, 2011 by HS

Banks would be required to offer all qualifying homeowners a loan modification before foreclosing on them. Bills to establish a national standard are circulating The Hill.
Continue reading →

Posted in Foreclosures and Short Sales, Home Economics, Mortgage News | Tagged Foreclosures, Loan Modifications | 1 Comment

The lost generation – College graduates go into massive debt and enter a low wage job market

Posted on May 25, 2011 by doctorhb

The student loan problem connects very closely to the future success or issues housing will face in the next decade. A large part of the housing machine is based on stable and predictable home price appreciation over long periods of time. Continue reading →

Posted in Fresh Perspectives, Home Economics | Tagged bubble, College Tuition, Consumer Debt, Student Loan Debt, Unemployment, Wages | Leave a comment