No Traction

CapitolFax is trying to figure out the story about Bill Brady’s homebuilding business legal troubles is not gaining any traction.  Here are some snippets from the story: State Sen. Bill Brady’s homebuilding business has been sued twice for defaulting on loans worth millions of dollars. Last year, Brady resolved a $1.7 million default case in […]

Pat Quinn 2014 State of the State: We Made a Comeback, Jobs are Being Created, Companies are Moving Here

In listening to Gov. Pat Quinn give the 2014 State of the State address today, it is clear he is as delusional as President Obama was last night in his State of the Union address.  He continually repeated the following themes: We’ve made a comeback Getting the job done Finish the job Equality and fairness […]

The Meyers Report: US Home Mortgages By State

Serious mortgage delinquencies (90+ days) still plagues the US housing market, as does negative equity in the housing stock. On average, 21% of the nation’s housing stock has negative equity, meaning the mortgages on the homes is greater than their value. The average loan-to-value ratio (LTV) for a home in the US is 69%. Home Mortgages By State  State % […]

The Meyers Report: Housing Recovery Under Stress

On March 4, 2013, we warned in this newsletter that the apparent housing recovery was under stress. Last week it was reported that February sales of new single-family homes declined by 4.6%, to an annual rate of 411,000 units, even though the sales level was up 12.3% from a year earlier. Also last week, the […]

One man’s fight against foreclosures in Carpentersville

Tom Roeser is on a one-man mission to save Carpentersville, Ill., from falling into the fate of so many post-industrial Midwestern towns, where neighborhoods have become littered with vacant, foreclosed homes. Over the past several years, the 60-year-old president and co-owner of the town’s largest employer, a maker of switches and communications gear called Otto […]