An interesting post on Calculated Risk this morning points out a few notable near-term home price predictions: Housing consultant Ivy Zelman via the New York Times: …home prices are going back down. Moody’s chief economist Mark Zandi via Bloomberg: I think we’re going to see another leg down. And Goldman Sachs chief economist Jan Hatzius:…
Month: November 2009
Weekend Open Thread (2009-11-20)
Here is your open thread for the weekend beginning Friday November 20th, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word…
Stop Setting Your Money on Fire Every Month!
I’ve been hearing a few familiar clichés on the radio recently… “Tired of setting your money on fire every month?” “Stop throwing away your money renting!” Maybe you thought that the dramatic and decisive collapse of the housing bubble would have rid us of this type of nonsense marketing. Well, you thought wrong. The twist…
Local Unemployment Still Over Nine Percent
October unemployment info was released by the Washington State Employment Security Department this week, so here’s a shot of the Seattle area (King/Snohomish) unemployment rate (NSA) compared to the national U3 rate: According to their data, the Seattle area has shed 66,600 jobs in the last year, while adding 42,320 people to the labor force.
Zillow: Homeowners in the West “Continue to be Overly Optimistic”
Zillow’s latest “Homeowner Confidence” survey came out yesterday, and as usual, provides an interesting look into the psychology of the market. …in the hardest-hit region of the country, the Western states, homeowners continued to be overly optimistic when evaluating the value of their own homes. Nationwide, when asked about their own home’s value over the…