Housing Market

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Housing Market

A Crack Appears in the Housing Market

Although new home sales were up more than expected in July, existing home sales were down 1.2%. Why? Because investors bought fewer homes. They’ve made up as much as 35%

Housing Market

Welcome to the Newest Iteration of the Mortgage Mess

Say your neighbor Joe wants to borrow $1,000 from you. He’s willing to provide security for the note in the form of his car, and will even sign a promissory

Housing Market

The Trigger for a Global Crisis

A subprime crisis in four U.S. states was all it took to trigger the global financial crisis of ’08. Just four. California, Arizona, Nevada and Florida. All because slowing demographic

Housing Market

McRibs and McMansions

I love McDonald’s Big Macs… and don’t get me started on the fries. I can almost taste them now! With that being said, I can’t remember the last time I

Housing Market

But Aussies Are Such Nice People

A recent poll showed that Australians are the happiest people among developed nations. I can believe that. Whenever I meet an Aussie, he or she is usually smiling and has

Housing Market

We’ve Resorted to Fighting Over 3/2/2s

Rodney Johnson | Thursday, May 16, 2013 >> One morning, several years ago, I was running late for a TV interview. I had just finished up a radio interview and

Housing Market

Why the Housing Downturn is NOT Over!

All the financial news stations are saying it. And they’re all idiots. It goes something like this: “Housing is now driving a more sustainable recovery.” Oh really! My response to

Housing Market

The Bigger the Grill… The Bigger the Boom

Rodney Johnson | Thursday, March 28, 2013 >> My high school raised money regularly. We had bake sales, car washes and raffles. Of course schools in other parts of the

Housing Market

Canada, Up Next for a Housing Bubble

It’s human nature to generalize. That’s our coping mechanism. We simply can’t process the overwhelming amount of data we’re bombarded with. Sometimes this serves us well. But other times it

Housing Market

The Decline in Australia Property Value

At this point the euro zone crisis is a well-bludgeoned, departed equine that doesn’t deserve a lot of ink. However, the knock-on effects just keep on coming and one of