"A Cooling Trend" was the title given to Freddie Mac's September 2006 Economic Outlook released recently. In keeping with the seasonal theme, the report, issued by the Office of the Chief Economist, projected a cooling trend for the balance of the year, "with occasional frost and warmer conditions as...
The National Association of Realtors issued its monthly report on sales of existing houses on Wednesday, August 23 and one would think they were reviewing the DVD of "Chicken Little." The networks didn't necessarily lead with the story but it was up there in coverage with the general tone being "Hi,...
The news on Monday was not good. It looked, in fact, like the housing boom was over and that was the thrust of a lot of the media headlines. Not that a market crash seemed likely, but it did seem as though the housing bubble had developed a tiny little leak. The National Association of Realtors released...
Mostly in spite of but a little because of Hurricane Katrina, September existing home sales were tied with last month as the second strongest months in history according to figures released by the National Association of Realtor on October 25. Total existing-home sales were at a seasonally adjusted annual...
The man who (all too correctly) warned of " irrational exuberance " in the stock market six years ago is evidencing increasing nervousness about the housing market . In his strongest statement to date, Federal Reserve Chairman Alan Greenspan told an audience in Jackson Hole, Wyoming last week that it...