In 2009, the U.S. Congress passed and President Obama signed the American Recovery and Reinvestment Act (ARRA).  You may recall the phrase “shovel ready projects” or saw the big green signs along local freeways touting infrastructure work to be done locally. The initial price tag was about $787 billion.  There first object of ARRA was [...]

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 [...]

While the bubble itself has popped, we as a society remain driven by the same greed and egomania that got us into trouble in the first place. We are traveling the down same road as before, in the same direction. Despite the warning signs and mounting debts, we still think this is the road to [...]

Citigroup banker and former Obama adviser Peter Orszag proposing transferring more taxpayer money to banks like Citigroup in order to “solve” our problem of excess houing inventory. Bankers and politicians are desperately trying to find a ways to sell millions of foreclosures without driving down home prices in the process. Not only would lower prices [...]

A housing recovery can’t happen without consumers feeling more confident and spending money again. Two news stories this morning suggest that we’re still heading in the wrong direction. Most of us are financially hanging by a thread while our actually incomes are falling. DS News reports Job Loss Could Put One in Three Out of Their [...]