Monthly Archives: August 2010
When Will Real Estate Recover?
The Mortgage Corner Ah, that is the $64,000 question we have been asking since 2008, when housing imploded. Where are conditions improving, if anywhere? The Fed announced it would continue to hold down interest rates, and loan modifications are helping … Continue reading
Beware of Extraordinary Times
Popular Economics Weekly Yes, Beware of Extraordinary Times is a much used saying these days. It also applies to the extraordinary polarization of ideas in the economics profession at present. This is an election year, of course, which has distorted … Continue reading
Housing Affordability Still at Highs
The Mortgage Corner Bolstered by favorable interest rates and low house prices, housing affordability remained near its highest level nationwide for the sixth consecutive month since the series was first compiled nearly two decades ago, according to the National Association … Continue reading
What is the ‘New Normal’—Part II?
Popular Economics Weekly Fed Chairman Ben Bernanke is sounding more optimistic these days. What is behind his optimism that seems to counteract the “New Normal” predictions of bond traders such as PIMCO and other fiscal conservatives who fear massive debts … Continue reading
What is the ‘New Normal’?
Popular Economics Weekly There has been much talk of late about the “new normal” of slower economic growth that we may see in coming decades. It is defined by bond trader PIMCO’s Bill Gross as what he calls declining global … Continue reading
Is Pent-up Demand Growing?
Financial FAQs We are now hearing that pent up demand is growing as the economic recovery takes its time. What is it, and what would it mean for an earlier recovery? Fed Chairman Bernanke mentioned that ‘demand’ could grow in … Continue reading
