Monthly Archives: November 2012

High Pending Home Sales—A 2013 Housing Shortage?

The Mortgage Corner The huge jump is pending home sales could presage a sharp drop in inventory of homes for sale in 2013. Why? There are fewer foreclosures because of the declining shadow inventory of homes in default that have … Continue reading

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Household Formation Key To Housing Recovery

Financial FAQs The formation of new households—young adults leaving the homestead—has always been an important ingredient of home sales. We are talking about 18 to 34 year-olds who have been staying at home during the Great Recession for understandable reasons—whether … Continue reading

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National Home Prices (Finally) Recovering

The Mortgage Corner Is the end of the housing bust in sight?  The Case-Shiller Home Price Index reported the fourth consecutive year-over-year (YoY) gain in their house price indexes since 2010 – and the increase back in 2010 was related … Continue reading

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Falling Households Incomes—The Real ‘Fiscal Cliff’

Popular Economics Weekly It is household income that is falling off a cliff. This is partly due to the busted housing bubble and subsequent Great Recession that shaved 40 percent from household wealth. But household incomes haven’t been rising as … Continue reading

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Southland Home Sales Up, Foreclosures Down

The Mortgage Corner Southern California home sales rose sharply in October as move-up buyers joined investors, according to San Diego-based DataQuick, shifting the mix of homes selling upward as foreclosure resales hit a five-year low. Southern California’s real estate market … Continue reading

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Next 4 Years—Back to the Future

Financial FAQs President Obama’s victory means it’s Back to the Future for economic as well as social policies. It means he now has the mandate to implement what the electorate chose him for—a functioning government to not only fix disasters … Continue reading

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It’s the Consumers Turn

Popular Economics Weekly We know that consumers will continue to push economic growth this fall and winter for several reasons. Firstly, the Bureau of Labor Statistics monthly JOLTS report showed 3.6 million job openings (yellow line), and more than 4 … Continue reading

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