We’ve heard that the Fed announced it is initiating QE3 (Quantitative Easing, 3rd time around). Below are two great explanations of what QE means to us as consumers. (The article from NPR was well-written around the time of QE2). In effect, the Fed is printing money to push into the economy, and it’s highly debatable as to whether it helps or hurts. ~Anthony
Quantitative Easing, Explained
NPR | October 7, 2010
It’s one of the more impressive financial phrases out there — impressive for the distance between how boring it sounds and how dramatic it actually is.
Your questions: Quantitative Easing explained
ABC News | September 14, 2012
The US Federal Reserve has announced it will pump more money into the economy by using so-called “quantitative easing”. The move, designed to accelerate economic recovery, is perhaps the central bank’s biggest action since its unprecedented intervention during the 2008 financial crisis.
Trulia: Buying a home is 45% cheaper than renting
HousingWire | September 13, 2012
It’s more affordable to buy a home than to rent in the 100 largest metros in the nation. That’s the case if you plan to stay in the home for seven years, which is the average time Americans traditionally live in a home before moving. (Is this close to true in our market? I’ve no idea, but would love to hear from anyone that knows. ~Anthony)
MBA Economist: First-time Homebuyer Pipeline in Growth Mode
HousingWire | September 11, 2012
The August jobs report showed a definite lull in the American economy, but recent home price and sales improvements are setting the stage for an even stronger housing market in 2013, according to Mike Fratantoni, vice president of research for the Mortgage Bankers Association.
7 Neighborhood Need-to-Knows for 21st Century Home Buyers
Trulia | September 11, 2012
The 21st century is in full effect. And that means a couple of things for savvy home buyers who are in the process of vetting prospective neighborhoods. Investigating neighborhood basics like school districts and such is no longer tricky or difficult: there are ample resources online giving detailed information about schools, scores and even parent reviews.
The Economics of Middle Age
Real Estate Today Blog | September 13, 2012
Economics can be a confusing subject, and as we age, the definitions seem to change! (No news here, this one was a just for fun bonus! ~Anthony)
Spike in Washington foreclosures among highest in nation
Q13 Fox News Online | Septembner 13, 2012
A spike in foreclosed Washington homes outpaced much of the rest of the United States in August, according to a new report by foreclosure data company RealtyTrac.
Backyard houses catch the eye of City Council
The Seattle Times | September 10, 2012
The Seattle City Council is considering a moratorium on small-lot houses — houses built in the backyards of other houses.