It Was Fun While It Lasted

by Chris Black Say goodbye to what was left of the American economy. The 1930s will seem like boom times compared to the rest of this decade. If the country lasts until 2030, it will be a miracle. Of course …

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Simply Unaffordable! Fannie Mae Multifamily Financing Grew 23% … While Home Prices Grew 19.1% And Real Hourly Earnings Fell -2.36% (Rising Mortgage Rates Make The Affordability Problem WORSE)

by confoundedinterest17 Mortgage Orb has the tantalizing headline: “Fannie Mae’s Financing for Multifamily Affordable Housing Grew Over 23%.” At first, this sounds amazing … until you realize how simply unaffordable housing is much of urban/suburban America. If you look at the following chart, you …

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