Posts tagged "Economic issues"

Why America Will Never Be Great Again In Two Charts

Why America Will Never Be Great Again In Two Charts
This idea about why America won’t be great again has been floating around in my head for several years now – long before it became a political slogan – and it’s been wanting to get out. I won’t pretend it’s a great insight. It should be common knowledge but apparently it’s not given what the... Read more »

Mortgage Rates Have Spiked And It's Trump's Fault

Mortgage Rates Have Spiked And It's Trump's Fault
In case you haven’t already noticed, it looks like we can blame the election for something else now – a huge spike in mortgage rates. The last couple of weeks have been full of surprises. Not only did nobody (I don’t really think that’s a double negative) predict the outcome of the election but nobody... Read more »

Chicago Area Employment Hits Record High

Chicago Area Employment Hits Record High
One of the economic indicators that I follow as a harbinger of the health of the Chicago real estate market is Chicago area employment. The Bureau of Labor Statistics provides that data for the greater Chicago metropolitan statistical area which includes all the suburbs from Naperville to Elgin and goes into parts of Wisconsin and... Read more »
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Near Record Area Employment Driving Chicago Real Estate Market

Near Record Area Employment Driving Chicago Real Estate Market
In theory the Chicago real estate market should be driven by the local employment picture more than anything else. It comes down to the demand for housing – how many people CAN buy a home and also WANT to buy a home. And, with the exception of the small retired and independently wealthy population, it’s... Read more »

What Will The Next Housing Crisis Look Like?

What Will The Next Housing Crisis Look Like?
On Monday I published a guest post on how mortgage lending standards have come full circle since the original housing crisis. In an effort to promote the American dream of home ownership regulators have once again eased up on the requirements for getting a mortgage. Meanwhile, it looks like Fannie Mae and Freddie Mac as... Read more »

Chicago Area Employment Picture Bodes Well For Housing Market

Chicago Area Employment Picture Bodes Well For Housing Market
Although I rarely write about the Chicago area employment picture I do maintain that data as part of my Chicago real estate market statistics page. As I was updating it recently I realized that it’s worth taking a step back and reviewing where we’ve been and how it is really helping the Chicago area real... Read more »
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San Francisco's Google Bus Protests And The Affordable Housing Mythology

San Francisco's Google Bus Protests And The Affordable Housing Mythology
Earlier this week I posted on the growing tensions in the bay area caused by the rapid increase in housing costs that is displacing renters employed outside the tech industry. Some of the residents of San Francisco and Oakland who are concerned about the ever shrinking supply of affordable housing have been staging protests against... Read more »

San Francisco Housing Affordability And The Google Bus Protests

San Francisco Housing Affordability And The Google Bus Protests
It’s a well known fact that people are never happy. Housing prices go down and everyone bitches about the loss of wealth. Housing prices go up and people complain about housing affordability – or the lack thereof. Such is the case in San Francisco and Oakland these days, which seem on the verge of all... Read more »

Illinois Makes Forbes' List Of Death Spiral States

Illinois Makes Forbes' List Of Death Spiral States
Yeah Illinois! We made Forbes’ list of death spiral states  – states to avoid when buying a home or investing in municipal bonds. States ended up on this list by excelling in two areas: 1) having a high ratio of inhabitants dependent upon the state relative to the number of people productively employed and 2)... Read more »
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Hurricane Sandy Will NOT Be Good For The Economy

Hurricane Sandy Will NOT Be Good For The Economy
I decided to write this post just in case the premise of its title is not obvious to everyone. Apparently it’s not since I was watching a bit of CNBC earlier this morning and caught Jim Cramer explaining how Hurricane Sandy will boost GDP. Technically he’s correct and it will create jobs and it will... Read more »