Home Sales Data Doubted – WSJ.com
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The housing crash may have been more severe than initial estimates have shown. The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007. The group reported that there were 4.9 million sales of …
Who Was Greedy?
I find the current narrative, about the housing market meltdown, to be extremely disingenuous. Take Barack Obama, for example.
He described this summer’s subprime lending crisis as a case study of greed among mortgage lenders and the agencies that provide information about them. …
Well, that’s certainly one way to describe what’s happening in the …