Archive for the ‘Housing’ Category

Econo Update

August 25th, 2012

It’s a rainy Saturday here on the back porch so instead of yard work, how’s about a quick run through of some indicators of note re the current economy? In sum, housing isn’t hurting the way it was, and that’s an important plus.  But the usual headwinds remain in place, with a bit of added… Read more

Econ Roundup

August 9th, 2012

Just a few random observations based on some indicators that caught my eye. —The monthly trade balance improved in June enough to suggest that the first print of second quarter GDP may be revised up (note smaller bars in Q2 in Trade Balance figure below).   These monthly numbers bounce around and are themselves subject to… Read more

A Step Closer to Principal Reduction at the GSEs

July 30th, 2012

Well, well…this is potentially welcomed news.  According to hard-nosed-WSJ-housing-beat reporter Nick Timiraos, Fannie and Freddie’s regulator, the FHFA—which has heretofore argued that principal reduction was not something it wanted to add to the GSEs portfolio of loan mod programs, now finds that its benefits are considerably larger than they thought. …a new analysis by the… Read more

A New Tax Credit Idea to Help Low-Income Renters

July 25th, 2012

Almost all of my posts on housing have been on owner-occupied, as opposed to rental housing, reflecting a bias that’s in both our tax code and our dreams.  That is, the American dream supports homeownership, and our housing policies subsidize the dream.  Renters tend to get short shrift. I get it—owning a home, as I… Read more