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    Economics / foreclosures, home prices, real estate, unemployment /

    Home Prices Rise – Again

    September 28, 2011

    Perhaps we’ve finally touched bottom in the housing market. The monthly Case-Shiller Index reports that home prices rose for the fourth straight month in July. The gain was very modest at 0.9% compared with June, and was still 4.1% below July 2010, but there may be the semblance of a trend appearing. It had to […]

    Economics / Bernanke, Federal Reserve Board, inflation, interest rates, monetary policy, unemployment /

    The Fed Acts

    September 21, 2011

    Look for Bernanke to be burned in effigy at the next meeting of the Republican Party leadership. In defiance of the brazen attempt to interfere with Fed independence by that leadership – if that word is appropriate – the Fed announced today that it was going to engage in yet another new trick in order […]

    Economics / construction, foreclosures, home prices, mortgages, real estate, recovery /

    Home Sales Bounce Up

    September 21, 2011

    Committed as I am to the spirit of balance, I have to report briefly on today’s good news. Sales of existing homes rose 7.7% in August. Of course they are still way below the unsustainable pace reached at the peak of the bubble – they are pottering along at an annual rate of about 4.9 […]

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