Tag Archives: Jones on Real Estate

Tight Credit Continues to Take Its Toll on Housing Sales

The last normal housing market in the U.S. was 2001 to 2002. Then came the subprime-driven housing bubble when the only requirement to qualify for a loan was a pulse rate in some instances. Greed drove the get-rich-quick housing bubble, while loose credit was the water and fertilizer. We all admit that the level of …Read more

Interview With Bankrate.com

See comments below from a 30-minute interview with Bankrate.com  Friday. Comments: “I think the bottom line is we’re not out of this recession,” says Ted C. Jones, chief economist for Stewart Title. Yes, he realizes that a recession is defined as two consecutive quarters of shrinking gross domestic product, and a recovery is two quarters of …Read more