May 26, 2018

News & Commentary: Economy Articles

  • 09/01/2009
    Buyers are no longer hesitant about home purchases on the fear of further price declines. And that sets the stage for a steady release of pent-up housing demand.
  • 07/01/2009
    After dropping for three years, home prices appear to be stabilizing. It’s safe to say we’ve reached the point where prices are justified by the fundamentals of the economy and may even represent an undervaluation.
  • 06/01/2009
    The Federal Reserve has thus rightly focused on getting the economy moving by taking unprecedented steps to ease the credit crisis.  Yet the Federal Reserve’s solution could spark an equally troubling problem.
  • 06/01/2009
    Since the credit crunch hit about two years ago, many lenders have all but abandoned jumbos, which are too big for secondary mortgage market companies Fannie Mae and Freddie Mac to buy for packaging into securities and outside the limit of FHA. Yet with their reluctance, lenders are leaving money on the table.
  • 05/01/2009
    It’s too soon to tell whether the upturn will last. The homebuying process takes several months, so we’ll need to wait. But for now we have reason to hope for the best.
  • 04/01/2009
    Federal government provides needed incentives.
  • 04/01/2009
    The federal government came through with real incentives for home buyers when it passed the stimulus package in mid-February, followed a day later with more positive action when the Obama administration released a plan for helping home owners facing foreclosure . But will the administration now take away with one hand what it’s given with the other?
  • 03/01/2009
    Buyers have a rare moment of opportunity this year. With mortgage rates at 50-year lows, the time is just right to make that first home purchase or to trade up.
  • 03/01/2009
    Declining confidence and underwriting volatility mean that more deals are never reaching the closing table.
  • 02/01/2009
    The Federal Reserve in late December took the unprecedented step of lowering its short-term target interest rate essentially to zero. But more important, it made a firm commitment to provide additional support, as needed, to the housing market by continuing to purchase mortgage-backed securities.