Economist Commentaries Archive

Steady Recovery in Washington’s Housing Market

The housing market in Washington, DC has been among the steadiest in the country ever since the national housing slump.  Stability in this market owes much to the significant role that the Federal government plays in driving employment patterns...

The View from Underwater

Based on the latest Corelogic report on negative equity, 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011....

Housing Recovery Helps Retail Sales

The recovering housing market is showing some impact in the retail sector.  Furniture stores are reporting an 11 percent increase in sales recently from a low point two years ago.  A stronger 22 percent in gains are occurring at...

Principle Reductions Grow

There were several interesting insights published in last week’s report from the Office of the Comptroller of the Currency. In particular, the share of loan modifications that incorporate principle reduction has grown steadily over the last year. Typically an...

Mortgage Performance and Modifications: Fourth Quarter 2011

The OCC Mortgage Metrics Report for the Fourth Quarter of 2011 released late last week showed some improvement among delinquencies and the foreclosure inventory. There is still a large pipeline of delinquent loans which continue to work through the...