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Tag Archives: economy
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
While there is so much uncertainty regarding the current state of the nation’s economy, one thing is certain: it is fascinating to observe. There are many, many unfortunate aspects about what has occurred and still is occurring in the real estate market, but at the same time, it’s also an incredible learning opportunity on a number of fronts.
One of the many benefits of working at FNC is the… Continue reading
On Friday, the Bureau of Labor Statistics announced that employers had only added 54,000 jobs in the month of May — the lowest level in an eight-month period. The unemployment rate had also increased to 9.1%, after it had remained steady and even dropped a bit in the preceding months.
Forget loan mods, low interest rates and scrapping Fannie and Freddie. As sales of previously occupied homes plunged last month to their lowest level in 15 years, economist Gerald Celente says the only thing that will save US housing is a boom in American job creation. Celente’s predictions have proved correct many times. He is credited with predicting the 1987 stock market crash, the economic collapse of the Soviet Union… Continue reading
The Congressman who cosponsored the sweeping financial reform act told Fox News that he believes Fannie Mae and Freddie Mac should be scrapped. Barney Frank, chairman of the House Financial Services Committee, was asked by Fox Business Network’s Neil Cavuto what role Fannie and Freddie should play in housing markets.
“I think they should be abolished,” Frank replied. “The only question is what do you put in their place. This… Continue reading