This blog is a reprint from an article on lewrockwell.com. We did only a cursory review of the information for accuracy and found nothing amiss.

Jump Back From the Debt Crevasse

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A Zillow market analysis report released last Friday indicated that how value declines are steady.   Dr. Stan Humphries, Zillow’s chief economist said that the data clearly indicates a bottom in home prices across the country has not been hit yet and will come later this year or in early 2011 at the earliest.

Banks Halt Foreclosures

Today it was reported that BofA is halting foreclosures in 50 states. This follows news over the past couple days of other banks halting foreclosures in a variety of states. Of course politicians have to jump into the mix and spew nonsense. Some thoughts on the whole thing.

1. While there may be a few people that truly...

David Streitfeld of the New York Times recently wrote an article regarding the Administration's next move as pertains to the housing market. Basically the thought is that the government is out of tricks (think first time home buyers credit and low, low, low, low interest rates) but real estate prices keep following. Their hope was to prop up real estate prices long enough that the...

The National Association of Realtors reported that its seasonally adjusted index for existing home sales rose 5.2 percent in July vs. June.