If you watched the Bernanke news conference yesterday, I’d love to hear what you thought. Feel free to post your comments on our Facebook page http://on.fb.me/h13cWz
Here is part I of the Bernanke press conference, it’s about 20 minutes long: http://yhoo.it/kcBK5f
Today’s news that may be of interest to you:
This must be the first time I’ve included an audio link in my daily news. This is the latest Case Schiller index put to opera music as played on NPR’s “Planet Money”. It’s great! Thanks to our own Scott Montilla for sending it along. http://n.pr/l1uBos
Five Markets You Wouldn’t Expect are on Road to Recovery
HousingWire | April 27, 2011
While prospects for the housing market are moderate, at best, several markets are showing signs of improvement – even some that endured the brunt of the crisis.
Freddie Mac Buys Fewer Mortgages
HousingPredictor | April 27, 2011
Already on a path to reduce the number of mortgages it buys, Freddie Mac purchased fewer loans in March, reducing its share of the mortgage Freddie Mac Building market as calls to eliminate the government sponsored lender increased in Congress.
Hiring Starts to Pick Up Pace
The Wall Street Journal | April 28, 2011
Hiring by the nation’s small employers is accelerating, a sign that the stubbornly slow overall job recovery may be poised to gain momentum.
Housing Crisis Continues to Batter Nation’s Homeownership Rate
DSNews | April 27, 2011
With the housing crisis still taking its toll, the nation’s homeownership rate slipped further during the first three months of this year.
Bernanke Meets the Press, Says Fed’s Monetary Easing not a ‘Panacea’ for Economy
The Washington Post | April 27, 2011
For Ben S. Bernanke, the past few weeks have included practicing answers for potential questions from reporters, getting comfortable behind a mahogany desk chosen as a set piece at the Federal Reserve’s first regular news conference, and, oh yeah, deciding what to do at a big meeting to set the nation’s monetary policy.
S&P: Revises Outlook to Negative on Certain US Housing Authorities
Reuters | April 27, 2011
The affected ratings benefit from a one-notch upgrade on the standalone credit profile based a moderate likelihood of support from the U.S. government to the public housing authorities in the event of an extraordinary circumstance.
Ex-Morgan Stanley Economist to Aid Geithner
Reuters | April 27, 2011
Morgan Stanley’s (MS.N) former chief U.S. economist is now serving as a counselor to Treasury Secretary Timothy Geithner and will advise him on a range of domestic finance issues, a Treasury official said on Wednesday.
How Warren Buffett Protégé David Sokol Lost His Way
BusinessWeek | April 28, 2011
Did the heir apparent leave Berkshire Hathaway for family reasons, or did trading improprieties involving Lubrizol have something to do with it?
From the National Association of Realtors®:
11 Cities Where Homes Sell the Fastest
Find out where homes spent the fewest number of days on the market in March.
Buyer Rush to Beat ‘Jumbo’ Mortgage Deadline
Buyers seeking homes in high-cost areas may be extra motivated this spring and summer to act ahead of an Oct. 1 deadline, when the government is set to scale back the size of “jumbo” mortgages it guarantees in pricey areas.
Anthony V. Carollo / President
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