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 [...]

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 [...]

Hat-tip Patrick.

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… [...]

Drudge is showing Ron Paul polling at 29% to Romney’s 26% so far in New Hampshire. Here’s the Google real-time election map. Ron Paul’s success is a direct measure of social mood, and the people’s desire to see massive changes in the way our society functions. It’s that changing social mood that will do more [...]