News
CNN Money | 13% of all U.S. homes are vacant
High residential vacancies are killing many housing markets, as foreclosed homes sit on the market and depress sale prices and property values.
USA Today | Gas prices push consumer spending up in February
Consumer spending rose in February at the fastest pace in four months, but a big part of the increase went to higher gasoline prices.
Washington Times | D.C. taxis to charge extra $1 to offset gas prices
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Fox Business | Pending Home Sales Unexpectedly Rise in February
Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said on Monday, pointing to a modest pick-up in home sales.
WSJ | Mortgage Servicers Resist But Cut Debts
U.S. banks are resisting efforts by state attorneys general to force them to cut the amounts owed by some borrowers facing foreclosure. Yet mortgage companies already have reduced home-loan balances for more than 100,000 borrowers.
Fox | Consumer spending rises 0.7 percent in February
Consumers spending rise in February at the fastest pace in four months, but a big part of the increase went to cover higher prices for gas.
Econ Comments
NRO | Home Is Where the Growth Is
Why Texas and the Rocky Mountain states are outpacing the others.
Washington Times | CRANE: Winning whose future?
Founders made clear our goals must be individual, not collective
Fortune | Real estate: It's time to buy again
Forget stocks. Don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.
Blogs
Cato@Liberty | The Economy Tanked but, Hey, Wealth Inequality Declined
The average net worth of U.S. households fell by nearly 20 percent between 2007 and 2009.
Calculated Risk | Unofficial Problem Bank list increases to 985 Institutions
Here is the unofficial problem bank list for Mar 25, 2011.
EconLog | The Economy in Transition
If consumption patterns across individuals and groups are diverging as much as I think they are, then there really is no "average American household" to speak of, and the very process of aggregation is seriously misleading.
Calculated Risk | LPS: Overall mortgage delinquencies declined slightly in February
LPS Applied Analytics recently released their February Mortgage Performance data.
Reports
RCM: Wells Fargo | Economics Groups
Weekly Economics & Financial Commentary
