News Alerts, Aug. 27, 2013, Morning Edition, 3 New Articles, Real Estate +, Don't Miss Them

Linking doesn't constitute endorsement. Enjoy (share on social networks if you appreciate PropertyPak's efforts):

  1. Sober Look: Ecstatic homebuilders having trouble selling homes – what's wrong with this picture?

    Another from Sober Look:

    Long-term interest rates may be having a far deeper impact on the economy than previously thought.

    Our loyal readers will recognize that, that's been our thinking from the moment they started rising.

    Read the source article … http://soberlook.com/2013/08/ecstatic-ho mebuilders-having-trouble.html


  2. Fed policy under fire at Jackson Hole conference | Reuters

    What a difference a year makes.

    Federal Reserve Chairman Ben Bernanke used the 2012 meeting in Jackson Hole as a platform to make his case for a third round of bond buys. This year, with the Fed chief absent, the tone was starkly different as featured research papers questioned the value and efficacy of the central bank's unconventional stimulus policies.

    "The central danger in the next two years is that the Fed will yield to intensifying pressure to raise interest rates and contract its portfolio well before the economy is back to normal," Hall ["Robert Hall of Stanford University"] wrote.

    Most economists agree that the Fed's crisis interventions were key to rescuing the financial system from disaster. But, as this year's conference shows, doubts about the efficacy and potential downside of bond-buying have been rising.

    Without the low interest rates caused by the Fed, none but all-cash buyers would have stood much chance of entering the market. We also have seen what just a little talk of letting up on bond purchases can do. Imagine what it would be like were the Fed to stop prematurely.

    Read the source article … http://www.reuters.com/article/2013/08/2 3/us-usa-fed-idUSBRE97M10B20130823


  3. WKSU News: Ohio shifts $60 million from foreclosure prevention to demolition

    Inevitable:

    Ohio has been approved for $60 million to expand demolition of vacant houses.

    The U.S. Treasury Department gave the nod to the Ohio Housing Finance Agency to use part of the state's $375 million "Hardest Hit Funds" to tear down blighted properties.

    Read the source article … http://www.wksu.org/news/story/36610


If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.

Subscribe