Check out the Youth Unemployment rates for Portugal, Greece, and Spain. Talk about driving social mood to a darker place… Courtesy Zero Hedge: For comparison, the Youth Unemployment rate (16-24 year olds) in the United States was last reported at 18.1%.
January 26, 2012
NAR has put out some data showing how much tougher it has become for younger people to sell their home and buy another. Repeat sales for people 44 and younger have fallen off a cliff. Obviously, most of this segment bought during the last decade and are now “equity-challenged.” Generations X and Y are either [...]
January 25, 2012
Wall St Journal, by way of Calculated Risk had some housing comments recently along the lines of markets “improving from the bottom up“. They referenced some data suggesting a surge in buying activity within lower price sectors of real estate in New York and New Jersey. They continued with analyst commentary suggesting that it was [...]
January 23, 2012
Dear Edward DeMarco, Your position regarding principal reduction for underwater mortgages illustrates just how unfit you are to be running the FHFA. You argue against principal reductions, because it might cost “marginally” more than principal forbearance, yet you completely ignore all of the data suggesting that negative equity leads to strategic defaults and a potential [...]
January 11, 2012
A lot of people are asking what I think will happen in the housing market in 2012. But rather than just give a laundry-list of predictions, I’d like to share my thoughts within the context of steps that different type of readers and clients may be considering. First, a general note on the housing market… [...]
What We Are Reading Today
January 30, 2012
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