Market Forces At Work

It’s a funny thing this economy of ours; this system of capitalism where the free market drives the movement, prices and value of goods and services.  With real estate, too many homes means prices drop; not enough, prices rise.  The same is true for the labor market.  As the U.S. economy continues its slog forward,

Let’s Get Something Straight

I heard some guy, some housing analyst on CNBC yesterday, tell viewers that homes were more affordable in 2003 than they are today due to the fact that people had better access to adjustable mortgages and interest only financing.  He went on to criticize Case-Shiller as being backwards looking, even 7 months old data.  Further