John Mulkey, Housing Guru

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RECENT BLOG POSTS
Sales of new homes in July fell to the lowest level in five months, surprising analysts who had predicted a slight increase.  Falling to an annual rate of 298,000, new home sales are remain up over 2010 with the inventory of new homes falling to a record low of 165,000.  Click here for article on...
08/23/2011
Just when you think the housing market can’t get more difficult, Ben Bernanke spoils the urgency argument for home sellers. The Fed’s recent commitment to maintain historically low interest rates for the next two years has erased hope for many who were waiting for buyers to purchase due to concer...
08/22/2011
News reports and politicians continue to remind us that our economy won’t recover until consumers feel more positive, but it’s time to forget consumer confidence and focus on jobs.  Confidence isn’t created by oratorical prowess; it follows when real and positive events occur.  Show consumers a t...
08/16/2011
    Will renting foreclosures stabilize the housing market?  I don’t think so—and here’s why:      ●  Although the Administration is currently seeking input on its plan to offer government-owned foreclosures for sale in bulk to large investor groups, it seems unlikely that the plan will boost hom...
08/15/2011
The following post was written just moments before the downgrade of U.S. credit was announced by S & P; and while it doesn't directly deal with the downgrade, it addresses the actions of our "leaders" which led to the crisis. The Big Lie of the “Debt Deal While the Administration and members of b...
08/06/2011
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This past Friday I went flying with my 14 year old grandson, Ben, who is currently working to get his pilot’s license.  As an accomplished pilot on “Flight Simulator,” with hundreds of hours of flight time, he decided several years ago that he wanted to fly the real thing.  And now that he’s abou...
08/01/2011
“Want to Jump-Start the Housing Market?  Get Rid of the Realtors®”  The waggish title of a recent post on “Freakonomics,” immediately caught my attention.  The website, which offers money-saving and investment advice, sometimes does so with clever and quick-witted banter.  And while the title did...
07/29/2011
Homes, like everything else in life, are an ever-changing commodity. Little more than a century ago most had no central heat, no electricity, no plumbing—none of the things we consider necessities today.  And only a few decades ago homes were dramatically smaller with an emphasis on function rath...
07/29/2011
While the media seem to love the political theater surrounding the debt negotiations, the truth is: Neither political party is proposing to do what is necessary to restore fiscal sanity to our nation’s budget.  Regardless of who wins the debt negotiations, Americans lose.  Both parties have offer...
07/27/2011
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As the political rhetoric heats up in advance of the 2012 election, politicians on both sides of the aisle are wasting OUR time playing the puerile games of partisan politics when they should be seeking solutions to the serious problems we face.   We shouldn’t have to put up with the politics of ...
07/22/2011
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John Mulkey

Housing Guru
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smartphone(404) 310-6015
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