The Radford Free Press – Page 383 – All life is problem solving.

Economics / Case Shiller Index, consumer confidence, consumption, GDP, home prices, real estate /

Home Prices Drop; But Confidence Grows

May 25, 2010

I like being right. Not twenty four hours after I warned that we should expect home prices to drop this year, the Case Shiller index was released for March showing a 0.3% decline. This was a tad better than February’s 0.9% decline, but it continues to demonstrate that the housing market still has a way […]

Economics / bailouts, bank reform, banking, consumption, deficits, Federal Reserve Board, fiscal policy, GDP, health care, monetary policy, Reagan, regulation, stimulus, TARP, unemployment /

The Story So Far

May 24, 2010

I will be going away for the summer at the end of this week which leaves little time for further commentary until later this year. So I want to give my view of where we are in this recovery, and what I think are the remaining issues to be faced. First, let’s all recall that […]

Economics / existing home sales, home prices, wages /

Home Sales and The Stimulus

May 24, 2010

Today’s news that sales of existing homes rose 7.6% in April is deceiving. There seems to have been a late surge in sales because the tax credit which was part of the stimulus was finally being eliminated. The prospect of the credit going away brought a burst of activity out of proportion with the underlying […]