The Menace that is Deflation: 5 Specific Areas Where Deflation is Already Showing up.
Be very afraid of the “D” word now making the rounds in economic circles. Today the Federal Reserve hinted that we are now tipping into the prospect of deflation. This is very bad from their perspective. In fact, it is a horrifying prospect for the Federal Reserve since every action they have taken in this […]
Southern California Home Prices at a 67 Month Low: Sales Jump Unseasonably due to Major Price Cuts.
The recent data for the Southern California housing market was released today. A pattern is starting to emerge. Low price homes are helping to increase sales and lower priced areas are also pulling the median price down for the entire region. This is symbolic of the drastic price reduction we have witnessed over the past […]
New York City Housing Prices Holding Strong: Will the Financial Collapse Bring Prices Down?
New York City is a unique city for many reasons. It is the heart of the United States financial system and now, the target of much of the blame being heaped onto Wall Street. Before we look at actual raw numbers for the city and zip codes, let us first do a quick analysis of […]
Economic Crisis Unintended Consequences: Moving Back with Ma and Pa…And Grandma and Grandpa.
There may be a bright spot in some of this economic mess. Â All that McMansion inventory may be suited to housing extended families. Â Many people are now finding out that it isn’t too late or too early to move back with your extended family because of economic reasons. Â Here in California, we’ve heard many stories […]