Record low interest rates and a volatile and uncertain stock market are spurring underwater homeowners to bring cash to sell their home and then go right back out and buy bigger-better homes at significantly reduced prices.  Doubling Down on Housing- WSJ

So what comes first jobs or housing demands?  This Wall Street Journal article addresses housing as potentially taking the U.S. out of this jobless recovery.  Rather, the article concludes, it will be jobs that take housing out of their doldrums.  Key points: Even if home… Read more

Existing Home Sales For June Down 5.1 Percent Sequentially Form May But Up Almost 10 Percent Year-Over-Year — Prices Up 1 Percent From June 2009. To read the full NAR press release click here

In every recession since 1949 the recovery from the recession has been driven by a recovery in housing.  Unfortunately, housing is once again hitting the skids.  The long hot summer continues… Housing Market Stumbles- WSJ

Quoted again in Bankrate.com’s daily blog. See link Below Excerpt from artcile: Rates fell amid financial turmoil in Europe and a disappointing June U.S. employment report, released last Friday. The economy shed 125,000 jobs, hourly earnings fell and the average workweek shrank by six minutes…. Read more

Great Read and Perspective The housing-market recession is not over- MarketWatch

New home sales plunge 33 percent hitting record low since statistics have been collected. See  Marketwatch article

Wall Street Journal Conjectures That Housing Will Continue it’s Long Slow Melt Rather Than a Double Dip Housing will not recover until job growth recovers—and there is little good news out there on the job front.  While the US did add 431,000 jobs in May,… Read more

Why the American Dream for Many May No Longer Be Owning a Home — Excellent Article on Home ownership And The Impact When Incentives For People to Own Blinds Them From the Associated Risks Rethinking Part of the American Dream- WSJ Hyperlink the above with… Read more

Home building craters after tax break expires