Thursday, July 23, 2009

Housing: always on the radar

Author:
Category: News

There is no shortage of opinion on the wealth effect and the degree to which home price swings impact consumer spending. A recent study suggests the impact on consumer spending from housing wealth is overstated. For us, it is hard to look past the results of the recent housing cycle and not see a direct and sizeable impact on consumer behaviour. For this reason we want to refresh where we believe housing stands. Moreover, given the broad reach of housing, it is little surprise this sector commands so much attention from the Fed. The October 2008 ascension of the Chinese as the largest owners of Treasury securities has propelled the Chinese investor base to the forefront of Treasury market psyche. And the recent discussion about the $2 trillion of the country’s FX reserves being diversified has left Treasury yields well off their lows. The idea of a wealth effect is appealing since it seems to fit neatly with straight forward thinking. If your most important asset is falling in price you are likely to pullback on spending. The problem is that the detailed analyses of this phenomenon are essentially all over the place.

Friday, July 17, 2009

US housing starts much stronger than expected in June

Author: Administrator
Category: News

Monday, June 1, 2009

US construction spending unexpectedly increases

Author: Cadman
Category: News

Thursday, May 28, 2009

US new home sales little changed, but inventory fell further

Author: Cadman
Category: News

Wednesday, May 27, 2009

Imbalance between US home sales and inventory widened in April

Author: Cadman
Category: News

Tuesday, May 26, 2009

US consumer confidence jumps in May

Author: www.ReiBlog.org
Category: News

Wednesday, May 20, 2009

Discussion of San Francisco Fed article on household deleveraging

Author: www.ReiBlog.org
Category: News

Tuesday, May 12, 2009

How We Feel About the Economy

Author: www.ReiBlog.org
Category: News


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      Welcom to REIBlog.Whether you're a real estate professional (lender, Realtor, banker, etc), investor (landlord, flipper, wholesaler, etc.), or simply a consumer, renter or homeowner interested in the world of real estate, this blog is the place for you to get involved!

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