November 2011 home sales volume

This article comes from First Tuesday Journal Online 32,669 new and resale home transactions closed escrow in California during November 2011, up 4% from 31,403 transactions one year ago. November is the fourth consecutive month in 2011 in which home sales volume surpassed the corresponding month in 2010. [For more extensive history and analysis of…

Dear Jamie Dimon,

This article was written by Joshua M Brown at The Reformed Broker Dear Jamie Dimon, I hope this note finds you well. I am writing to profess my utter disbelief at how little you seem to understand the current mood of the nation.  In a story at Bloomberg today, you and a handful of fellow…

Appraisal management to the rescue?

This articles comes from First Tuesday Journal Online Appraisers who were under third-party contract with appraisal management company (AMC) AppraiserLoft are holding millions of dollars in unpaid invoices for work completed within the past few months. Now-defunct AppraiserLoft’s CEO blamed the flat-line real estate market for the precipitous decline in appraisals, causing the company to…

Retirees: don’t sweat the mortgage debt

This article comes from First Tuesday Journal Online The American Dream of paying off mortgage debt on retirement and holding a mortgage burning party is no longer the solution to debt-free retirement. For those few encumbered homeowners on the cusp of retirement during the remainder of this jobless Lesser Depression, the decision to eliminate mortgage…

Marc Andreessen: Predictions for 2012 (and beyond)

This article is by Paul Sloan and was on CNET News Marc Andreessen’s view of the world boils down to software. From where he stands, as the guy who co-founded Netscape Communications and now co-runs the powerful Silicon Valley venture firm Andreessen Horowitz, no industry is safe from software. Or, as Andreessen put it in…

Chart of the Day: Govt Spending vs. Unemployment

This article comes from Carpe Diem The chart above is from Scott Grannis, who explains: “This chart (inspired by Brian Wesbury) again bears repeating, since it lends support to claims by the anti-Keynesians (of which I am one) that the biggest factor that has worked to slow economic growth in recent years is the huge…

Blueprints for future construction

This article comes from First Tuesday Journal Online Part II of this article series describes the government actions that will be necessary to promote growth in the construction industry, and makes predictions about future builder and homebuyer behavior. This article is the second in a two-part series. For further analysis, including a review of first…

The homeownership confidence shift

This article comes from First Tuesday Journal Online This article examines the financial viability of homeownership in the wake of the housing crash, and how the housing crash impacted ideas about mortgage spending and commuting. Recovery attitudes are on the move Four years after the housing crash and the eruption of the financial crisis, the…