Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. My thanks to Jim Kennedy and the other Fed contributors for the previous MEW updates. … Read More
Update: corrected mortgage debt amount. The Federal Reserve released the Q4 2009 Flow of Funds report today: Flow of Funds . According to the Fed, household net worth is now off $11.8 Trillion from the peak in 2007, but up … Read More
From HotelNewsNow.com: STR: RevPAR increases in US weekly results The United States hotel industry posted only its third revenue-per-available-room increase in 18 months for the week ending 6 March 2010, rising 0.9 percent to US$52.75, according to data from Smith … Read More
The Congressional Oversight Panel (COP) released a new report: The Unique Treatment of GMAC Under the TARP [T]he Panel remains unconvinced that bankruptcy was not a viable option in 2008. In connection with the Chrysler and GM bankruptcies, Treasury might … Read More
It is probably time for the U.S. to consider the next set of stress tests for the banks. That is what the Financial Services Authority (FSA) is doing in the U.K. From the FSA : We have now embedded our … Read More
The Pacific NW Housing Summit is an opportunity to bring together professionals from all aspects of the real estate industry with the intent to evaluate the current market conditions, forecast the coming years prospects and plan for the resurgence of … Read More
From CR: There are so many reports of a housing bubble in China, I asked a friend living in China for his thoughts … this is his view: From Michael Kleist in Shanghai: News of soaring housing prices in China, … Read More
This is a follow up on the previous post on short sales and 2nd liens . (the previous post had excerpts from the NY Times, Short-Sale Program to Pay Homeowners to Sell at a Loss and WSJ Home-Saving Loans Afoot … Read More
From the BLS: Regional and State Employment and Unemployment Summary Thirty states and the District of Columbia recorded over-the-month unemployment rate increases , 9 states registered rate decreases, and 11 states had no rate change, the U.S. Bureau of Labor … Read More
The MBA reports: Purchase Applications Increase in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. … The Refinance Index decreased 1.5 … Read More