It's time for some straight talk on the President's housing plan that he announced to great fanfare today.

To put it in the simplest terms: it's not going to work.

Why do I say that? Prior record. I’ll show you the programs the government has already put in place to rescue housing, and their impact... continue reading »

You may have seen the recent headline that the housing downturn we are currently in is worse than the one experienced during the Great Depression. According to Case-Shiller data, prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s... continue reading »

Take a close look at those housing numbers out today - and you'll begin to understand how deep the housing crisis really is. U.S. single-family home prices dropped in March to fall below the low hit in April 2009 - that was right smack dab in the middle of the financial crisis. In other words - as I've been saying - we really are facing a double dip in housing prices... continue reading »

A growing number of us don't believe in the housing market anymore. And, it's not hard to understand why. Even after prices have fallen, many of us still can't afford a home. Others don't trust the market because of the crash in prices. As a result, we're grooming a generation of renters - people who simply don't believe the market will ever recover enough to make investing worthwhile... continue reading »

Check out the story today in The New York Times on Fannie Mae and Freddie Mac. You can't miss it - it's on the front page. And, it's guaranteed to scare the living daylights out of anyone thinking about buying a home. The story says you can kiss your 30-year mortgage goodbye. The reason? The death of Fannie Mae and Freddie Mac, the mortgage giants at the center of the financial crisis... continue reading »