Archives for December 2009

Will the U.S.A. Go Broke Over the Housing Bust

By Mike Colpitts As 2010 gets underway the sort of money that it will take the U.S. economy to get back on track is beginning to dawn on people. The $1.8-trillion commitment the Treasury Department is making to buy up securities and bonds from Fannie Mae and Freddie Mac is a bail-out of record proportions. Treasury's commitment is the largest bail-out of any institutions tax payers have had to endure in the current financial crisis. The two … [Read more...]

Treasury Keeps Housing on Life Support

In a massive action to keep the housing market on government life support, the Treasury Department pledged to provide unlimited financial assistance to the largest insurers of home mortgages, troubled Fannie Mae and Freddie Mac. The move, announced on Christmas Eve with members of Congress already on their way home out of Washington, D.C. for the holidays eliminates the current $400-billion emergency cap without permission of Congress. Members … [Read more...]

Markets on the Mend in Time for Christmas

By Kevin Chiu It's the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World's financial system nearly blew up on Wall Street. In the face of all the dire financial news there is good news these days here from Housing Predictor. Forty-four markets are forecast to experience housing appreciation in 2010. Markets … [Read more...]

Million Dollar Housing Question

Will Markets Ever Really Recover? By John Hines Economist It's the million dollar question, and it's a heated topic of conversation after years of turmoil in the nation's housing markets -- Will housing markets ever recover? The question is talked about and debated around water coolers, business offices and even corporate board rooms and seems to have a constant flow of interest in forums on the Internet. The short answer is "Yes in … [Read more...]

Housing Crisis Price Tag

Housing Crisis Price Tag $40,000 Per Person By Mike Colpitts The government's independent Office of Management and Budget estimated that the Savings and Loan Crisis cost every man, woman and child in the U.S. $10,000. The current economic crisis is much larger with at least five times the number of troubled properties. A new Housing Predictor study has determined that this financial crisis will cost each person in the U.S. at least … [Read more...]