Tag Archives: Stimulus

The fiscal cliff: what all the fuss is about

What is the definition of fiscal?  Webster’s dictionary says fiscal means “of or pertaining to the public treasury or revenues.”  When the President talks about fiscal policy, the President is talking about how the federal government will spend tax revenue. So, what is the fiscal cliff?  Based on current federal government policy, laws will go […]

Reconsidering the Housing Crisis

While the bubble itself has popped, we as a society remain driven by the same greed and egomania that got us into trouble in the first place. We are traveling the down same road as before, in the same direction. Despite the warning signs and mounting debts, we still think this is the road to […]

Housing: 2010 Bright Spots Fading

The few bright spots appear to be a result of government stimulus, the homebuyer tax credits in particular. However, rather than jump-starting the market, the government’s interventions seem to have only had a temporary effect that evaporated as the stimulus expired.

Housing supply vastly outstripped demand in 2010, especially when one considers the shadow inventory of homes with mortgages in default or foreclosure. This state of affairs continues into 2011. As a result, RPX metrics continue to show weakness.