I was just reading the latest housing market commentary on the National Association of Realtors website. I had to chuckle a bit as the NAR commentary tries to paint the best picture of the housing market possible. I guess my perspective, knowing the financing/debt markets better than most average people, allows me to see through [...]

FOMC Chairman, Ben Bernanke, is scheduled to speak on the Fed’s new talking points in just over an hour and a half.  I would expect the Chairman to say something like inflation is their primary concern (duh) and that they are slightly concerned still with revelations in the credit markets. At some point we will [...]

The Fed will be making an announcement tomorrow and the media as well as everyone else who doesn’t know what they are talking about, are hoping that they will announce a rate cut of some sort. While this will bring increased liquidity into the financial markets, it doesn’t mean the housing market will improve or [...]

What is seldom reported by our amazingly accurate media is that the NEW home sales figures do not include cancellations…which is what has been hurting big home developers recently.  The new home sales figures are bloated simply because they decide not to include deals that are no longer in contract…that makes sense. Today, the National [...]