ARCHIVED BLOG POSTS
The other day Existing Home Sales were up over 7%. That is great news. But as I mentioned earlier in the week, the "recovery" is not impacting every segment in the same way, and wouldn't you agree, most of the housing price boom has been in the lower-priced home market. For example, sales of ho...
My father used to say, "It's OK to kiss a nun, but don't get into the habit." Speaking of habits, the bond market has become accustomed to the Fed buying mortgages. What if they stopped? Federal Reserve President Lacker suggested the Fed might not need to spend the full amount it pledged ($1.25...