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New Round Of Housing Defaults

In an assessment from the Special Inspector General for the troubled “Troubled Asset Relief Program,” fully 46 percent of homeowners who got 2009 loan modifications from the Home Affordable Modification Program have now re-defaulted on those loans. One might ask…

Bad Job Numbers

The employment Job Numbers grew by an anemic 115,000 jobs in April. This amount is much less than what is needed just to stay even with the natural population growth, let alone the number already out of work. This may…

Housing Prices, Consumer Confidence and Rents

In addition to the foreclosure burden, unemployment is over 9% and the lending guidelines are stricter than they have been in years, which mean fewer buyers in the market.  All of these factors are going to continue to push prices…

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