The Radford Free Press – Page 362 – All life is problem solving.

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

Home Sales and Unemployment. We Are Stuck.

September 23, 2010

There really is not much to say about today’s reports, other than to acknowledge that they indicate continuing malaise. Sales of existing – as opposed to new – homes edged up 7.6% in August. Normally that kind of growth would deserve some applause, but August’s improvement was preceded by the devastation of July when sales […]

Economics / Bush, economic theory, Obama, recession, Summers /

Larry Summers To Go

September 22, 2010

Hurrah. I am not a fan of Larry Summers. I will not miss his ego, his stifling presence, and his lack of progressive attitude. He served at a time when we needed strong action to put the economy back on a more sustainable path following decades of neglect and deregulation. His primary contributions were to […]

Economics / Case Shiller Index, home prices, real estate, recession, stimulus /

House Prices Weaken Again

September 22, 2010

I imagine this feels like old news, but in the only major report released today we learned that those home prices tracked by the Federal Housing Finance Agency, i.e. those homes with a mortgage backed or guaranteed by either Freddie Mac or Fannie Mae, declined slightly in July. The drop was only 0.5%, but it […]

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