A housing warning: affordability, at long last, is approaching its housing bubble nadir If current price and mortgage trends hold, we are about 6 to 12 months away from matching the very worst housing affordability at the peak of the housing bubble. Let’s start with a comparison of existing home sales (blue, reported today for […]

Dean Baker writes to the question of who is pushing the fiscal cliff idea: Elites Demanding Austerity Also Ignored Housing Bubble … it was somewhat shocking to see a book review in The New York Times by Noam Scheiber, an editor at The New Republic, that longed for the day when we will have people […]

Tim Duy also points to Bill McBride and Josh Lerner adding to the discussion of the narrative of housing in our economy and how that should affect policy.  I would add of course the variety of responses by the mortgage industries (see Naked Capitalism) since that started in earnest round 1998 (MERS).  I think this […]