Economy

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Massachusetts Residential Market Takes a Beating

The Warren Group reported today that Massachusetts housing prices worsened and both sales and values declined substantially again in March (08).
single-family homes in Massachusetts fell more than 10 percent in March, the second-steepest price drop since The Warren Group began recording prices in 1987. The last time prices declined by more than 10 percent was [...]

28Apr2008 | Brecht Palombo | 0 comments | Continued
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ARM Resets and the End of the Crisis

There’s so much talk about subprime as the source of our woes but the fact is that there are a lot more ARMS out there then simply subprime. Subprime borrowers by definition would have the least ability to weather an ARM reset, but what about the rest of the ARM holders? In the past the [...]

18Apr2008 | Brecht Palombo | 0 comments | Continued
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Three Economic Indicators Scheduled for Announcement This Week

The following are the scheduled economic indicators that will be released this week. Let’s hope for some good news:
4/14 Advance Monthly Retail Sales (Census) March 8:30
4/14 Manufacturing and Trade: Inventories and Sales February 10:00
4/16 New Residential Construction (Census) March 8:30

14Apr2008 | Brecht Palombo | 0 comments | Continued
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