a fat panda

Will FHA Fall into the Sub-Prime Trap?

The government looks like the little dutch boy trying to plug holes in the dyke. Now that he has run out of fingers, he is simply shoving dollar bills into the ever widening cracks.

Low Home Ownership Rate Hurting the Economy

The problem for housing where I live is pricing point. We have a moderate to above average inventory for homes under 250K. As you go higher in pricing, you see a inventory go from months into years.

It may be different elsewhere, but housing can't recover until we find a way for the economy to digest all of these high-end homes without welfare. It is senseless to build more inventory when you have falling prices at the upper-end. The 800K homes are going to fall on the 700K homes, which will in turn fall on the 6s and 5s and so forth.