There have been several housing-related reports this week, some better than others, so analysts have been reading the entrails to determine whether the housing market is finally starting to hit bottom and turn around. The answers are mixed — some regions are doing better than others — but we still seem to have a ways to go before the national market starts stops falling and begins to pick up in any meaningful way.
|By: David Dayen Wednesday April 18, 2012 6:15 am|
Dayen’s news roundup from April 17, 2017, including stories you missed — because as usual, you waited until yesterday to file your taxes — about Barney Frank, EPA, not-Secret Service, postal reform, housing prices, Bowles Simpson, IMF, Mississippi, Mitt Romney, Seamus, Quebec students, Taliban, Bill Buckley, Tom Freeman, wanker of the decade.
|By: Dean Baker Wednesday August 24, 2011 12:20 pm|
Dean Baker reminds the media and former Federal Reserve Board Chairman Greenspan that the Fed actual has readily accessible data that contradicts Greenspan’s recent statements on the economy. The data was clearly signaling a dangerous housing bubble.
|By: emptywheel Wednesday August 25, 2010 12:25 pm|
There are a bunch of reasons why people are so silly as to believe they’re going to get rich off of their house–things like the difficulty of adjusting for inflation and the rarity of coverage of markets (like Detroit) that have steadily lost value. But I’d like to raise another question raised by the graph, though: what the hell were we thinking? How did most of our society–including many “serious” experts–believe that spike was real–or sustainable?