Tag Archives: Mortgage Bankers Association

Existing home sales up but price outlook grim

This statistic of home sales going up is skewed. Home sales are going up because people with jobs and some sort of savings (especially people from abroad) are buying foreclosed properties cheap. But this is not the sign of an … Continue reading

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Private sector adds 201,000 jobs

Yeah right! And for those of you who believe that 200,000-plus private-sector jobs were added in just one month, I’ve got some swampland in the Florida Everglades I’d like to sell you; at a good price. I suppose the Federal … Continue reading

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