Tag Archive for Glut

Housing Numbers Back to Normal- Professional Edition

Now that the distortions induced by the homesucker’s tax credit have been removed from the market, housing trends have returned to where they would have been. New and existing unit sales have collapsed. New unit prices have also collapsed, as the temporary artificial shortage that resulted from the tax credit demand bulge, has reverted to…

The Case For Less Government, Lower Taxes

Draconian state and local government budget cuts have been in the news lately. Here’s a thought. We could save a lot of money by conducting public education over the internet. High schools could be shut down completely. As for music and art, kids who want to can learn on their own from programs like Guitar…

More Little Lies and Big Spin- Gains or Blips?

The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…