Archive for the ‘Housing’ Category

Quick—Rent Those Distressed/Foreclosed Homes!

June 21st, 2011

Point #1: The housing market is still glutted with excess inventory and thus remains a fat, hairy albatross around the economy’s neck (i.e., if birds can be hairy). #2: The government, through the GSEs (Fannie and Freddie) and the Federal Housing Administration (FHA) hold a lot of mortgages. #3: As shown in a research note… Read more

(Dis)-Stressed Out

June 2nd, 2011

The housing market is a mess.  There’s still much too much inventory, too many homeowners are underwater, prices have yet to hit bottom, and, like the first picture below shows, while foreclosures and delinquencies appear to have peaked, they’re still way high. I’d also say this is the most important factor holding back economic growth. … Read more