Archive for the ‘Housing’ Category

Inequality and the Housing Market

May 30th, 2014

I wrote the other day that there’s an important regional dimension to the recovery of the housing market, and that localities that are doing well “look to me to be the ones with more income and job growth.” Well, along comes the always interesting David Dayen with a post showing the growth in home sales broken out… Read more

The Current Economy: Green Shoots or Brown Ones?

May 29th, 2014

I was listening to an interview with Tim Geithner this weekend, and after going through his (highly readable) new book, they asked him where he thought the economy was headed.  “I don’t believe forecasts,” he said, which sounded smart to me (he then proceeded to forecast). He was pretty bullish about growth, generally arguing what… Read more

Diagnoses and Prescriptions: The Great Recession

May 18th, 2014

There’s a very interesting, albeit down-in-the-weeds, analytic debate brewing around a confluence of recent publications.  Tim Geithner’s new book defends the interventions of the Treasury Department he led to reflate credit markets (and I worked with the team on this back then).   Mian and Sufi’s new book, reviewed here by Bin Appelbaum, argues that Treasury… Read more

Putting the Dismal Back in Econ

May 14th, 2014

I’m hearing a fair bit of optimism re the current economy.  Many of the folks with whom I interact on this stuff are feeling better about where things are headed, with unemployment down, households looking pretty deleveraged, job growth at a decent clip, and the weather-beaten data flow improving. As Mark Zandi wrote in his… Read more

Principal Reduction is Still a Good Idea

May 9th, 2014

I’ve been downright remiss in not continuing to hammer this point, as was my wont months back.  Thankfully, this nice oped in this AM’s NYT reminds us that this is still an important intervention to clear the housing market and avoid more mortgage defaults.  I wouldn’t agree that there’s no housing recovery—nationally prices are up more… Read more