|
Search:
|
|
 |
|
|
|
||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
CATEGORIES XML FEEDS CONTACT Send suggestions to:
Links
Powered by Movable Type 3.2 |
|
« January 2008 | | April 2008 » February 26, 2008 Housing Prices - acclerating price declines Bank of America Chief Economist Mickey Levy analyzes this week's economic reports on housing prices, consumer confidence and wholesale prices. He predicts there will be another half year of falling home prices
Posted at 05:10 PM | TrackBack Home Values Continue to Slump A random selection of quotes from economists. The pace of bad economic news is accelerating: "Months of surging energy prices appear now to be trickling up the production chain to finished goods prices,” Kenneth Beauchemin, an economist at Global Insight, a research firm, wrote in a note to clients "The Fed is now having to walk a very fine line,” said Jane Caron, chief economic strategist at Dwight Asset Management, an investment firm that specializes in bonds. "February may go down in history as the month that the previously indefatigable U.S. consumer finally threw in the towel, beaten by a combination of deteriorating labor market conditions, surging prices for food and energy and collapsing house prices,” Paul Ashworth, a senior United States economist at Capital Economics, wrote in a note to clients. And this from the New York Times: In many parts of the country, specialists note that home prices remain too high based on affordability calculations made using incomes and interest rates. A recent report by analysts at Credit Suisse, the investment bank, said that prices in some metropolitan areas like Phoenix, Miami and Los Angeles would have to decline by 20 percent to 40 percent more than they have already fallen for home affordability to be restored to its long-established level. Posted at 03:54 PM | TrackBack February 12, 2008 Tips on Buying Foreclosures Jessica Davis of NYForeclosures.com speaks to WSJ's Kelly Evans about ways to get a deal on a foreclosed home. Posted at 01:58 PM | TrackBack February 07, 2008 How Long Will House Prices Continue to Fall? WSJ's global economics editor David Wessel explains why it's so important for Ben Bernanke to know how long the housing slump will last. Posted at 08:08 PM | TrackBack February 06, 2008 60 Minutes Report on the Housing Crisis Posted at 02:11 AM | TrackBack February 05, 2008 Housing Appreciation Still Exists From the Wall Street Journal: Posted at 03:33 PM | TrackBack February 04, 2008 The Baby Boom, The Baby Bust, And the Housing Market From a recent Business Week article: For another bearish view, there's what economists refer to as the Mankiw paper. In 1989, long before working in the White House as chief economic adviser or writing his best-selling textbook, Principles of Economics, Harvard University economist N. Gregory Mankiw co-wrote a paper that was startlingly negative on housing. He and David N. Weil predicted that home prices would decline by 47% after inflation over the next 20 years, based on a shrinking pool of potential first-time buyers and an expectation that baby boomers as a group would spend less on housing as they grew older. It could be that Mankiw and Weil were not so much wrong as premature. Although boomers have thwarted expectations by adding on rooms and second homes as they age, they won't thwart nature.. Read the original paper:    Posted at 09:01 PM | TrackBack The Education of Ben Bernanke First rate financial journalist, Roger Lowenstein, writes a fascination profile of Fed chief, Ben Bernanke.
Posted at 07:06 PM | TrackBack CEO of Princeton Econ Department Oops! Posted at 07:02 PM | TrackBack Go back |
|
|
| ©2004–2005 Housing.com LLC All rights reserved. | Privacy Policy | Terms of Use | About Housing.com | Contact | Affiliate Program |
Partner sites: Homegain.com | PassChecking.com |
