Category: Economy

Talk about an amazing reversal of fortune! This may be the most amazing, under-reported demographic fact today. 30-34 year olds in 2012 had the lowest homeownership rate of any similarly aged group before them! Five years prior, this exact same …Read more  »

My prediction for 2014 is short and sweet.  "More Federal stimulus ahead causing malinvestment in localized asset bubbles".  I'll say that again but in English this time: "People do stupid things with easy money and there is a lot of …Read more  »

In the aftermath of the government shut down, the value of the U.S. dollar plummeted to it's lowest point in eight months. Some economists are expecting the dollar to plummet even further in value over the course of the next …Read more  »

The American Home-ownership Dream is officially dead.  Long live the New Normal American Dream: Renting. According to the latest quarterly home-ownership data released by the Census Bureau, the raw home-ownership rate of 65.0% was unchanged from last quarter and 0.4% …Read more  »

The rate of annual job growth in August, 1.7 percent, was basically the same as in previous months. We had better get used to the idea that this is the new normal, because there probably won't be much help from …Read more  »

The pace of job growth in July was unchanged from the 1.7 percent annual rate of previous months, but the details suggest an economy that will do modestly better for the rest of the year. Most importantly, jobs in business …Read more  »

Good and plentiful jobs make good markets better for real estate investors. You’ll get little disagreement on that, as it stands to reason that where there are more jobs (and workers to fill them), you need more housing. The fallout …Read more  »

The economic recession only lasted a year, but there wasn't a recovery for homes because prices had climbed much too high and builders had built way too many of them. Prices had to fall, not just back to a "normal" …Read more  »

Today's wealthy investors seem to have split personalities. Part of them is brimming with confidence and optimism. Survey after survey shows that they are back to pre-crisis boom years when it comes to their outlook for their own finances, their …Read more  »