Housing Market Predictions for 2015: Part 2

Rental markets will stay strong While first time home ownership will rise in 2015, thanks to households headed by 30-somethings bankrolled by greater job security and rising confidence in the housing market, younger Millennials leaving college dorms and their parent’s homes will keep the rental market robust. Americans in their 20s strongly prefer to rent in urban centers close to jobs and...

Mortgage Deal Good Start But Not Enough To Finish

Yesterday, a mortgage settlement was announced between Federal and State Governments and 5 major banks. The deal will require lenders to write down the mortgages of certain borrowers who are underwater. Homeowners who owe more than their homes are worth will see a reduction in the principal amount. The hope is this will curb the number of foreclosures and house prices will start increasing again...

The Mortgage Finance Act of 2011, Counterproductive to Housing Reform

Mortgage Finance Act of 2011 – legislation submitted by Sen. Johnny Isakson with little chance of passing congressional scrutiny; the act is, unfortunately, an example of political showmanship, appealing to public opinion on a critical policy issue. Furthermore, the Act clutters the congressional to-do list, regarding housing reform.
Make waves and the voters will take notice?

Curb Your Capitalism… The Federal Open Market Calamity and dis-Interest Rates

As short-term political motivation sullies the sanctity of central banking, presumptuous open market meddling, unrestrained by the boundaries of logic, makes a ticking time bomb of Federal Funds. It’s time we meditate on circumstance, accounting for the rational and the hardly so. Let’s see: inflation without spending? A stagnant, yet expanded money supply? At what point did capitalism become so...

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