I was cruising the blogs and sites today and came up with a group that really caught my attention. The first article that I read is in direct relation to a previous post of mine,In the article there is several quotes from the St. Louis Fed President, James Bullard. What I thought was interesting is Mr. Bullard actually thinks that after the Economy “stabilizes” the Fed should consider asset sales. So what does that mean, our interest rates will have to jump is one thing. The other thought, who in their right mind would want to buy MBS’s now, good or bad debt, it really is irrelevant.
Then I was off to my next check, well let’s see what wisdom I can find regarding housing prices. Then I was faced with this question, HousingStorm colleagues have been professing.I must admit, I am not normally a proponent of the Case-Schiller Index or Zillow, but what I found enlightening was some of the posted comments to the article. It seems that there is a real fear of the false bottom that myself and many of my fellow outstanding
Then I looked through another one of my daily notification websites and found this article with statistics from Shadow Inventory is still out there and unfortunately, the only way to get through it is to get through it. is another version of the story about the Shadow Inventory, that I referred you to from DSNews, as presented by Boston.com the online version of the Boston Globe.. I started to take things personally. Am I the only one that see’s that these statistics are simply a smoke and mirror’s game. We unfortunately have been challenged as a society to see the truth. Foreclosure filings may be down, but remember the
If I wasn’t feeling neurotic enough I decided to see what the MBA (Mortgage Bankers Association) had been doing to help us, as consumers and Real Estate professionals, feel better about the Housing Market. What I found was disturbing. As many of you know, and I asked a couple of posts ago, many of us are facing a real ethical question, do we or don’t we walk away. What you may not have heard is that the Commercial Real Estate market is coming apart at the seams. I found this article about what is going on with the MBA and their headquarters in . It seems that the group that is directly involved with helping coach us through our mortgage crisis, seems to have a case of double standards.
Lastly, a little bit of “wisdom” from, now if only people could get loans from the Banks who have decided to keep it all, maybe the housing crisis could recover. It seems that we may be headed toward a path of eased credit restrictions, but only time will tell.