All Blog Posts Tagged 'economic' (5)

The online magazine Knowledge@W. P. Carey, produced out of ASU’s W. P. Carey School of Business, recently reviewed Steve Bergsman’s “After the Fall: Opportunities and Strategies for Real Estate Investing in the Coming Decade.” I haven’t read the book yet myself, but I will -- Knowledge@ certainly makes it sound like a must-read for anyone involved -- or thinking about getting involved -- in real estate. Some of the most salient points from the Knowledge@ story: • “‘Although that (late-'80s) re… Continue

We have all heard about former President George Bush's $750 Billion Bailout Package and President Barack Obama's upcoming $850 Billion Economic Stimulus Package, which many predict will end up being over $1 Trillion. Of course many do not think about the fact that both of these packages will have to be paid for by the taxpayers over many decades. Most people however are not aware of the fact that we presently are going through an Economic Stimulus Package that will not cost the taxpayers a sing… Continue

A January 1 article on Bankrate.com began: “The year began with low mortgage rates and ended with even lower rates, and a bunch of crazy stuff happened in between.” To say the least. The low mortgage rates that we’re seeing right now are, in fact, a product of all that craziness; the Fed has kept its target rate low to try and stimulate borrowing. Bankrate reported that the national benchmark 30-year fixed mortgage rate ended 2008 at 5.64% -- a half a point lower than at the beginning of ’08. T… Continue

At the Third Annual National Housing Forum in Washington D.C. the week before last, Comptroller of the Currency John C. Dugan gave his audience a “sneak preview” of a soon-to-be-released report showing the re-default rate on loans that have been modified. In other words, when a lender agrees to a loan modification, how often does that same borrower default on the modified loan, too? The answer was shocking: “Take the loans that were modified in the first quarter of this year. After three months… Continue

On Wednesday, business leaders and economic experts met at the 45th Annual W. P. Carey School of Business/JPMorgan Chase Economic Forecast Luncheon. Speaking on the Arizona economy, ASU economics professor Lee McPheters and local real estate expert Elliott D. Pollack said that 2009 is going to be ugly -- for real estate and the broader economy as a whole. McPheters, who focused on the broader economy, made these key points, according to a Knowledge@W. P. Carey article: • The Grand Canyon State… Continue