Fidelity Investments: Economic Forecast

With most economists now estimating that the U.S. economic recession is drawing to a close, the big question ahead is what type of recovery will follow. Many experts remain skeptical about the likelihood of a strong and sustainable economic recovery, and the accuracy of this consensus will have significant implications for the trajectory of the … More Fidelity Investments: Economic Forecast

Appraisal Institute – Appraiser News Online

Real estate owned sales are reducing home prices by as much as 47 percent, according to a recent study conducted by Lender Processing Services Inc. The latest LPS Home Price Index showed that California, Michigan and Nevada, among other states, have been particularly hit hard, with REO sales not only lowering prices on non-REO sales, … More Appraisal Institute – Appraiser News Online

Brave New World

As a result of global economic events which it appears no one predicted, at least no one anyone was paying any attention to until after the fact, the world has changed in very fundamental ways for the foreseeable future. Yesterday I heard a couple of “experts” acknowledge this observation.  While I’ve been calling it a … More Brave New World