May

Housing Market Recovery – Shiller vs Buffet

Housing Market Recovery

Debate over the U.S. Housing Market

No one can really tell if the San Diego housing market has really started a recover from it’s peak in 2005. Only time will tell if 2012 was the start of a recovery in San Diego home prices. Read more

Apr

Housing Market – Interest Rates – Economy

Peter Schiff’s views on the current state of the economy.

The U.S. dollar has lost significant value over the past decade.

Mar

New Home Sales Off – Prices Up

New Home Sales

This morning the Commerce Department just reported that new-home sales dropped 1.6 percent in February to a seasonally adjusted annual rate of 313,000 homes.

New home sales have fallen nearly 7 percent just since December. The current pace of sales is less than half the 700,000 that economists consider to be healthy.

Just 150,000 new U.S. homes were for sale in January and February—the lowest on records dating back to 1963.

Though new-home sales represent less than 10 percent of the housing market, they have an outsize impact on the economy. The National Association of Home Builders estimates each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue. Read more

Mar

Housing Recovery?

Housing Recovery

This morning the National Association of Realtors reported that existing-home sales fell 0.9% in Febraury to an adjusted annual rage of 4.59 million in February from an upwardly revised 4.63 million in January.

Many economists had expected home sales to have risen in February. Read more

Mar