Monthly Archives: January 2013

Dr. Robert Shiller Says No Housing Boom

The Mortgage Corner Dr. Robert Shiller, Yale Econ Professor, and co-creator of the Case-Shiller Home Price Index, has become very cautious in his latest articles. Don’t expect much in the way of a housing boom in 2013. He isn’t even … Continue reading

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2013 U.S. Economy Finally In Recovery

Popular Economics Weekly With tax rates returning to more normal levels from the rollback of Bush era tax cuts, and Republicans giving up on denying debt ceiling increases until April that would force more cuts in government spending, there seem … Continue reading

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Existing-Homes Inventory at Record Lows

The Mortgage Corner The housing market is recovering with the highest sales and price rises since 2007. Only problem is that inventory is also at the lowest level since 2007, with just 4.4 month’s supply of housing on the market. … Continue reading

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Juicing Employment Is Good

Financial FAQs The subject of juicing is in the air with Lance Armstrong’s confession that he and his cycling teammates injected various stimulants to win races. Yet he told Oprah on her show he didn’t think he was cheating. “Scary, … Continue reading

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What Budget Problem?

Popular Economics Weekly Does Congress know that our federal budget deficit has been shrinking steadily since 2009, the end of the 18-month Great Recession? Yes, that’s right. A combination of cuts in government spending and very low interest rates on … Continue reading

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The Hunger Games Are Coming…

Financial FAQs Was the Sandy Hook Elementary School massacre the sign of an apocalyptic future? Or the Aurora Theatre shootings by a cold-blooded killer? The Hunger Games is a riveting portrayal of how the young see the modern world, where … Continue reading

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Mortgage Quality Highest in Decade

The Mortgage Corner Record low interest rates and low prices, are making housing more affordable than ever. This is also helping lower default rates, as average credit scores have soared, and Debt to Income Ratios used to quality borrowers have … Continue reading

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January Housing Inventory Declines 24 Percent

The Mortgage Corner The surest sign that property values will increase this year is the large decline in homes for sale. This is in part due to increasing sales, with existing-home sales up some 6 percent, year-over-year. But there is … Continue reading

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Unemployment—Why Still So High?

Popular Economics Weekly What will bring US back to full employment is a very big question among economists. The problem is that the 155,000 per month nonfarm payroll average in 2012 isn’t enough to either absorb new entrants, or those … Continue reading

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Happy New Year—A 2013 Recovery!

Popular Economics Weekly Any doubts how dependent the rest of the world is on U.S. growth was dispelled on ratification of the ‘fiscal cliff’ bill by Congress. The world’s stock markets rallied on the news. The DOW was up + … Continue reading

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