Housing Remains Lone Asset Class Immune to QE

Our Archive

Search completed

Since March 2009, it’s been a bull market in just about everything! Source: Google Finance Well, except for housing that is… Source: www.csmonitor.com Housing remains the lone asset class that appears completely immune to QE.  Which is ironic, and perhaps appropriate, because smart people such as Andy Kessler have hypothesized that boosting real estate was […]

Read More

Wow – I’d have guessed at least 10% lower if you’d asked me. Today’s Wall Street Journal reports (hat tip Dave Rosenberg): The median down payment in nine major U.S. cities rose to 22% last year on properties purchased through conventional mortgages, according to an analysis for The Wall Street Journal by real-estate portal Zillow.com. […]

Read More