- A Discussion: The Relationship Between Unemployment and Homeownership
- AppraisalPort Weekly Poll Analysis: Property Data
- Appraisal Institute Northern CA Chapter Annual Spring Conference
- VIDEO: FNC’s Bill Rayburn and Bob Dorsey discuss how a Cyprus bailout would affect the United States
- AppraisalPort Poll Analysis – Source of Work
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Author Archives: Joe Meek
New Year’s is the season for resolutions but also predictions, so in Monday’s Morning View broadcast, FNC’s Bill Rayburn and Bob Dorsey shared with us some of what they see in their crystal balls for the year ahead in terms of the overall economy, the housing market specifically, Fannie and Freddie’s future (or the lack thereof), HARP, and even what they expect to happen politically in this election year… Continue reading
Confidently predicting the direction the economy will take in 2012 is about as likely as predicting who the Republican nominee for president will be. 2011 was an abysmal year in many market segments, and though recent news in unemployment seems to point to the beginnings of a recovery, no absolute statement of victory is yet possible. A poll of economists reported in CNNMoney recently (Economists a bit more optimistic)… Continue reading
As this year reaches an end, there are definite signs in news reports that the housing market may actually be turning around. In an article this week titled “Home sales hint at recovery after deep slump,” Reuters reported signs of improvement, quote: “The National Association of Realtors said on Wednesday that sales of previously owned homes increased 4 percent from October to an annual rate of 4.42 million units.”… Continue reading
Try as we did, it was pretty hard to come up with a light-hearted, happy piece for the holiday season. The fact that Fannie Mae and Freddie Mac had earlier declared a cease and desist on foreclosures through January 2, 2012, was, we thought, a good start for a positive article (Fannie Mae, banks halt foreclosures for the holidays, CNNMoney). “No family should have to give up their home… Continue reading
As we try to accurately assess housing prices and market trends, one tool that has proved valuable is the price index. In the recent past, an over-supply of homes for sale has caused prices overall to decline. While there were some increases during the summer, the indices are down about 0.6% for September and October, and down 4.7% overall from a year ago.
One problem with indexing is the… Continue reading
Any search of published articles on the housing market this past week would reveal a mixed bag of reports. The conflicting “glass is half full” vs. “glass is half empty” stories all seem to be reasonable in this period of volatile economic headlines and mass uncertainty. And what’s worse is that no one seems at all sure who’s to blame or even if there is any earthly power that can… Continue reading
The major big news from last week was the decrease in the unemployment rate to 8.6%. Problem is this number seems to be the result of fuzzy math or voodoo statistics. The big picture shows that although new jobs did increase, so did the number of people who have simply given up on finding employment. So while the headlines look good, to economists, the actual results aren’t so clear… Continue reading
Much of the business news reported this week points toward more reasons for general thanksgiving. Earlier in the week Bill and Bob on FNC’s Morning View discussed the negative effect Europe’s financial crisis was having on U.S. banks and lending. One solution they posited was for the central banks to step up and offer more support, and by Wednesday, AP was reporting that just such a move had been… Continue reading
Early reports indicate that consumer spending over the Thanksgiving holiday beat many estimates with some reports indicating a 15% year-over-year increase.
In this Monday’s Morning View with Bill and Bob, the discussion centered on what effects, if any, this higher retail spending might have on other areas of our economy, like the housing market.
The guys roundly agreed that spending was much more fun than saving, and expressed… Continue reading
It seems fitting on this Thanksgiving week that there is at least some positive news being reported in the media. On Tuesday, CBS MoneyWatch led with a story by Ilyce Glink titled: “Home sales up, but housing prices continue to fall nationwide.” Though acknowledging that the sales numbers, according to a survey by the National Association of Realtors®, only increased by 1.4%, and admitting that this increase would amount… Continue reading