Commercial Market Still Struggling
While the commercial real estate market may not have fully recovered, National Association of Realtors® Chief Economist Lawrence Yun identified some developing, positive trends in the market that could eventually lead to recovery at the “Economics Issues and Commercial Business Trends Forum” this past week.
The forum was part of a three-day real [...]
Can the Obama Housing Rescue Plan Stop the Rising Tide of Foreclosures?
The Obama administration has announced fresh changes to its housing initiative to address two key impediments to a real estate rescue: unemployment and negative equity—or owing more on a mortgage than your home is worth. The changes, which [...]
Health Care Reform vs. Unemployment
I recently saw an interesting article on some of the reactions on the passing of the new health care reform bill. I have no doubt that this bill is targeted solely in helping the poor. But, let’s look at the cost to companies just managing to [...]
Chief Economist Sends Mixed Messages
We got many mixed economic messages over the past month from Lawrence Yun, National Association of Realtor’s (NAR) Chief Economist. Yes, the economy appears to be on a path towards a sustainable expansion. The economy grew by a solid 5.9 percent in the fourth quarter and is expected to expand by [...]
Unemployment Rate Falls to 9.7 Percent in January?
I recently saw an article in Reuters the past week that suggests that the economy is finally turning the corner. Employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, suggesting some labor market improvement starting to take root.
KEY [...]
Obama Needs to Change Course on Jobs
I recently noticed an article by Newt Gingrich and Dan Varroney which accurately describes how the foreclosure crisis is affected by the lack of jobs. See my website on related foreclosure information.
“President Obama is holding a jobs summit to address the crisis of nearly 16 million Americans without work, [...]
Wisconsin Business School Predicts Foreclosure “The Perfect Storm”
Researchers at the University of Wisconsin Business School call it the “perfect storm”. Home values are declining and unemployment is rising.
Authors of a new study at the business school say President Barack Obama’s foreclosure rescue plan doesn’t adequately address both problems.
The professors wrote a new recommendation that the [...]
Rising Unemployment Accelerates Foreclosure Crisis
Is the current administration on the right track. Before health care or any other programs, the administration needs to concentrate on incentives for companies to create jobs. The foreclosure crisis will never end until the country gets back to work. Just this week at the Mercury Marine facility [...]
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