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Home Prices Edge Higher in April, Driven by Tax Credits

home pricesAccording to the Standard & Poor's/Case-Shiller home price index, home prices in the 20 cities surveyed saw an increase for the first time in seven months. The 0.8% gain was driven by the government tax credits, which have since expired.

Therein lies the problem: the gains were propelled by government incentives, and said incentives have gone by the wayside. Will we see the gains come back to the pack since the government has stopped spending to make us spend? You can bet on it.

Continue reading Home Prices Edge Higher in April, Driven by Tax Credits

Dylan Ratigan's better idea for a housing stimulus

In a discussion with Rick Santelli on Fast Money, CNBC's Dylan Ratigan argued that one of the major factors stifling a restoration of market confidence has been the failure to crack down on the bad actors -- the charlatans, crooks, and incompetents who drove corporate America into this ditch.

Ratigan makes a pretty bold comparison: He argues that the people who are saying that we need to "move forward" with a recovery are like people who said that we should "move on" after September 11, and not bother with going after Osama Bin Laden.

Continue reading Dylan Ratigan's better idea for a housing stimulus

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Last updated: February 12, 2012: 08:44 AM

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