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Million Dollar Jobs
Buying A Home Is Now 45% Cheaper Than Renting
2012: The Year Of The Housing Recovery; Exhibit A: The Minneapolis-St. Paul Housing Market Is HOT

Posted: 15 Sep 2012 10:30 AM PDT

The other day, one of my favorite talking heads, who knows better, made a point along the following lines: Since the financial crisis the FOMC has spent about $2 trillion (the approximate increase in Fed assets) to increase employment by about 2 million jobs (apparently Bernanke's estimate in his recent press conference).
His conclusion was that each job cost $1 million—not a very good deal.
The arithmetic may be right, but the logic is wrong. The "spending" may have been … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Buying A Home Is Now 45% Cheaper Than Renting

Posted: 15 Sep 2012 09:38 AM PDT

Here’s another reason that the U.S. housing recovery is real and sustainable – buying a home is now 45% cheaper than renting, according to an analysis done by Truila and reported here by its chief economist Jed Kalko:

Methodology: Trulia looks at homes listed for sale and for rent on its website, and compares the average rent and asking price for an identical set of properties in a metro area, for a direct apples-to-apples comparison. Then, Trulia factors in the total costs of homeownership … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

2012: The Year Of The Housing Recovery; Exhibit A: The Minneapolis-St. Paul Housing Market Is HOT

Posted: 15 Sep 2012 08:40 AM PDT

The chart above provides evidence of the significant recovery going on in the Minneapolis Area real estate market, based on new data for market activity there in August:

1. Closed home sales during the month of August in the Twin Cities increased by 12.3% above last year, and by 45.6% above two years ago. On a year-to-date basis, the 27,413 homes sold so far this year is the highest for any January-August period since 2006.

2. Pending home sales in August (4,877) were 19.5% higher than … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards