Ben Bernanke's less-than-precise talks about the potential for tapering are enough to send bond yields higher. So what's in store as the market preps for the latest Federal Open Market Committee meeting?
A study presented at the Jackson Hole conference recently provided even more evidence that tapering will begin with Treasury purchase cutbacks, since MBS acquisitions have had a more positive effect on the housing market as well as rates.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..