Jennifer Athas, Boston Herald HomeSmart Contributor, on Real Estate
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Jonathan Cheng, WSJJonathan Cheng, WSJ
point to -- Is this part of what's being orchestrated by the Federal Reserve you know we've had 0% interest rates now going on five years. Is it finally is is what's happening here I've seen it 88 and where people say youIt raises you know pushes up the S&P 500 pushes up the Dow Jones Industrial Average . What you and I look at our for a one case we feel more confident we spend more money and that creates a virtuous cycle. That's the hope and it -- the wealth effect and some people say it's been five years we haven't really seen the effects but you could argue that we are starting just yet in the housing market -- starting this Viet. You know with hiring a little bit. But. We don't have a lot of -- There's a school of thought though Jonathan that the Federal Reserve shouldn't be acting in that capacity in terms of what you -- there. It -- when I drop and I studied the -
Caroline Ratcliffe, senior fellow at the Urban Institute
Caroline Ratcliffe, senior fellow at the Urban Institute
and 2000 and African American family thought their -- I about a Eric Anderson in comparison to white Stanley who -- that there was well all out by -- and. Widely again widely disparate deal because -
Warren Mosler discusses Deflation
Warren Mosler discusses Deflation
Would do what is your analysis tell you we will see for oil prices between now and the end of the year. Does that are we gonna decline and it that's an attack brake force. Itchief economist -- -- is it if it's daunting. To consider that oil prices are sat by like a handful people. It really isn't he didn't say it with such calm and ten cent certainty I -
What's Up On Wall Street - Deb Borchardt, The Street
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is the big. And had a -- -- medical medicinal Canada for cancer patients And I if you watched Showtime's weeds. At the end of the reason they had that whole like legal marijuana for cancer patients and minds of. If she got a John and I do remember that. In fact. Play us out there at the company coming out this week and they have a product and they are expected to start to turn a profit. They have not. -- making money inspected and losing millions that there are expected to make a profit and they. Most of their drugs or pain drugs for cancer patients which act McConnell just did is that still good thing yeah but I think that Allen has really becoming interesting. He irreversible felony. It is going to give BI and asked why. And that's why I like it seek him Harris she's ready now went down play -- -- kind of IE yeah now I it's not a it's not a big deal at 68 million but I just being well liked -- that I'll I'd like to these stories of drug companies that help. Cancer patients and I like pat. You know they are expected to start to turn a profit and then and then not part of
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It's gonna go to new Jennifer Matheson talked about rose -- -- before -- do that generic text they have to get to. There have 35000 dollars in an emergency fund it I NG direct but I am considering moving it into a short term corporate bond -- are they safe well. If you go back and you look at short term corporate bond funds. And floating rate funds in the year 2008 during the crash you may see that they lost one or 2% undervalued he had me there were slight. Changes in value in those funds. However they quickly were covered in 2009. So. -- is it worth the -- change now because the ING ethic is paying about 1% I'm not sure. If you go into a short term corporate bond fund you should be of the get at least 3% he also might want to finally you might wanna look at a floating rate bond fund. That also acting you're seeing yields on those in the 4% rate. Slight chance that you could have a deterioration. In the value of the asset highly unlikely but possible. One put it out there. Our our guest is Jennifer -- from the Boston Herald Jennifer welcome to the show are you don't. I'm doing great things. So Jennifer give us some stats on Boston properties selling how -- -- taking with it what's it looking like. Relative to the last five years. Really quite networking property telling a lot quicker on mates usually the -- on market with a good on the way to measure. How quickly properties are selling and selling. Again they thought probably last year about a 112115. Days and now it's down into probably in the nineties. Ninety days -- he went on average -- tell me about oil couples would hurt error actually looks to me inventory stellar economic much. Tell me about inventory levels would -- be relative to where they were when -- ago. And I mean that's the real they're real driving course right now inventory levels are. It's very very low in Boston in general they're down over 30%. Some neighborhoods they're down gatekeepers and 60%. From last year. While so that that's pronounced to use any any thought that there is going to be a lot of stuff coming on the market like it would be here from Freddie and Fannie. Are they gonna release inventory position a lot of vacant properties -- under -- -- there aren't you know in terms of state. They're released for foreclosed properties I mean that's something that probably is is it's not gonna affect the inventory levels either way. On it again a lot of the foreclosed properties are probably outside of Boston. Content and you know again with -- -- on the foreclosure notices of coming -- -- -- -- -- -- you know things were asked them don't. What it would about the suburban market -- hearing you know metro west metro north metro south. Well it turn it -- didn't -- Massachusetts inventory levels are down about 14%. Compared to last year. But you know a lot of the metro areas and that they -- sure they're a little flat. Compared to last year pretty much the same. You know and -- -- can be a little more and what was on the market last year and that. You know if you have a content development at twelve for thirty condos in the metal that can creature can't I mean your inventory level and in that particular town. I was talking nobody minding he's trying to sell this place on the tape any action down on the cape things -- and other. And haven't really had a really good first quarter. And I think it was partly because of the weather low interest rates. And so what do you think are moving again -- little bit up from last year. Nothing really significant. -- lakes region but the New Hampshire. Yes the same thing here you -- an indication happy they know that indication dedication. Our second home. Mortgage is required that 10% down now which is which is something different from last year. So a little bit of an uptick but nothing you know nothing is nothing you know really really. I'm hearing is that there's divergence need to buyer still are looking for bargains in the sellers -- science group you know or T org and hold on or price -- hold onto the property for the year two we have to mussina. Absolutely that's sort of a disconnect it because there's no we've been so used to the past it three or four years we're -- buyer's market. The buyers market it changed very quickly. Alright Jennifer thank her help a nice job on the article appreciate it.
