Lee’s Free Thinking

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Dead In The Water – Professional Edition Housing Update

This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators. Zillow’s…

No Jobs, No House Sales – Professional Edition

The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that…

Irrelevant, Immaterial, Misleading and Wrong – Professional Edition

The new house sales data reflects the impact of the ending of the housing tax credit, reflecting severe ongoing weakness. The Case Shiller data is, as usual, irrelevant, immaterial, misleading, and wrong. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within…

Last Oorahh for Housing- Professional Edition

The latest data released this week reflects the final impact of the housing tax credit and foreshadows ongoing weakness, with indications that supply pressures will lead to further price declines with associated negative impact on overall mortgage portfolio collateral in the coming year. Click here to download complete report in pdf format (Professional Edition Subscribers).…

Austerity and Prosperity

The question being asked again and again to almost every guest on Bloomberg radio in the past few weeks is: should we turn toward fiscal prudence or should we stimulate the economy no matter how large the deficit will be? The answers split, though it…

More Housing Damage Ahead- Professional Edition

Current data reflects ongoing weakness, with indications that supply pressures will lead to further price declines with associated negative impact on overall mortgage portfolio collateral in the coming year. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you…