Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data, Down 1.7% December to January. Down 0.6% December to January (seasonally adjusted). Down 6.0% YOY. Down 24.5% from the July 2007 peak Last year prices fell 3.6% from December to January (not seasonally adjusted) and year-over-year prices…
Foreclosures: Better to let them happen
Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of…
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Weekly Twitter Digest (Link Roundup) for 2010-03-27
Great comment by @jillayne: "We have to wean our economy off the real estate finance and building sectors." http://is.gd/aTicA # RT @KirstenGrind: Things get worse for #Frontier Financial: http://bit.ly/c7y0yt # Seattle: 47th-most expensive rentals in the nation, but 20th-most expensive houses for sale. Doubt that will last. http://is.gd/aURmx # SHOCKING! (not) RT @calculatedrisk: HAMP applicants…
Friday Flashback: Housing does not go backward
Shortly after I started this blog, I came across this opinion piece published in the Everett Herald, written by local “Real Estate Communicator” Tom Kelly in October 2005 (emphasis mine): Waiting to buy may not be wise Is there significant merit in waiting for the local housing market to cool before jumping in to buy…