economic outlook: The Economy's There & I Don't Care - John Tuccillo - 08/05/10 07:55 AM
As you may be aware, NAR holds a GAD Institute each year attended by Government Affairs Directors from around the country. The purpose is to bring together GAD's to focus on common problems and challenges, learn about new resources that are available to deal with these issues and to get updated on a variety of legislative and economic issues that are confronting our industry.
One of the more interesting segments of our recent GAD Institute was an update by former NAR Chief Economist John Tuccillo. Tuccillo, who last served NAR in 1997, is one of those rare birds - an … (6 comments)

economic outlook: At the NAR. Dr. Yun Prognosticates on Housing Recovery. - 11/13/09 04:48 PM
I always enjoy listening in when our Chief Economist Lawrence Yun prognosticates. Dr Yun has developed a little sense of humor during the past few years, and while not nearly as eloquent or entertaining as David Lareah in his heyday, Yun is able to translate the numbers to his audience much better than 3 or 4 years ago - even though the numbers aren't nearly as entertaining. And he's believable. He was recently named one of the countrys 10 most trusted economists by USA Today. I'll take trust over entertainment any day. 
According to Dr. Yun this morning, aided by the … (2 comments)

economic outlook: UCLA Anderson Forecast - Some Hopeful News For Housing? - 03/25/09 12:22 PM
If you didn't see todays Inman news, here's a summary of current reports from the UCLA Anderson Forecast. Overall, not the cheeriest of reports, as reports go. It summarized the current economic outlook as 'bleak'. But there are a few 'bright' spots - and to the extent they can be construed as good news, many involve housing.
For example, one report "The Global Slump" opines that the 'housing market can't get much lower' and calls for a tepid recovery in 2010. That's good housing news isn't it. We may be bumping along that rocky bottom NAR talked about last year.
… (4 comments)

economic outlook: All Stimulus All The Time - 02/06/09 10:38 AM
"We need to fix housing first" according to Republican Senator Mitch McConnell of the fabled Obama stimulus program. I suggest everybody pay attention to Sen McConnell - he knows whereof he speaks.
Watching the gyrations going on around the various stimuli/bail-out bills has been nothing short of breathtaking of late. It's little wonder the average American is totally bumfuddled. I suspect most of the people voting on the bill are equally in the dark. Even at our recent state association meetings you really needed a scorecard to sort out the players. 
Let's see, our Senator Boxer, who has been a frequent … (4 comments)

economic outlook: Wildomar California Five Year Housing Chart: # Sales / Median $ - 01/12/09 07:37 AM
Five Year Housing Chart for Wildomar, California I've recently provided a copy of this report to our local officials for the City of Wildomar This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. 
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Wildomar, … (0 comments)

economic outlook: Menifee California Five Year Housing Chart: # Sales / Median $ - 01/12/09 05:08 AM
Five Year Housing Chart for Menifee, California I've recently provided a copy of this report to our local officials for the City of Menifee. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. 
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Menifee, … (2 comments)

economic outlook: Lake Elsinore California Five Year Housing Chart: # Sales / Median $ - 01/12/09 04:31 AM
Five Year Housing Chart for Lake Elsinore, California I've recently provided a copy of this report to our local officials for the City of Lake Elsinore. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. 
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city … (2 comments)

economic outlook: Murrieta California Five Year Housing Chart: # Sales/Median $ - 01/12/09 04:20 AM
Five Year Housing Chart for Murrieta, California I've recently provided a copy of this report to our local officials for the City of Murrieta. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. 
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Murrieta … (0 comments)

economic outlook: Temecula California Five Year Housing Chart: # Sales / Median $ - 01/10/09 10:24 AM
Five Year Housing Chart for Temecula, California I've recently provided a copy of this report to our local officials for the City of Temecula. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. 
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Temecula … (3 comments)