If Congress does not raise the debt ceiling, the U.S. Treasury will run out of cash reserves to pay for obligations such as Social Security, Medicare and Medicaid, and defense contracts. (NYT) With all this talk about the deficit and the possibility of the country going bankrupt, I turn to thoughts of real estate. Now I don’t believe the country will go...

A continued sign that we are still at the bottom of the well is the drop in new home construction. “The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month down 22.5 percent from the previous month.  It was the lowest level since April 2009 and the second-lowest on the records dating back more that a...