Mike Lawson Updates Us on the Housing and Financial Markets

On 10.28.10, In Business, by Bill Frank

Mike Lawson, an interest rate and real estate analyst at Weiss Research

About 8%, or 4.2 million homes, are are three months past due or in some stage of foreclosure, according to Moody’s. About a third of sales of existing homes in the US come from foreclosed homes.

Mike Lawson believes this is a real estate market that is dominated by the sale of foreclosed homes; in some cases 30%-40% of the home sales. If the foreclosure process is suspended or halted, Mike thinks it will upset the clearing of inventory overhang of distressed homes.

He is an interest rate and real estate analyst with Weiss Research. Mike is also the associate editor of the company’s monthly publication, Safe Money Report, as well as a regular contributor to its daily newsletter, Money and Markets.

Mike covers a number of financial topics during the interview. Overall, however, he is less optimistic about a quick recovery of the US Economy. In his view, the remedy for our ailing economy is “the passage of time.”

Listen to this thought-provoking interview below:

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Bill Frank

I'm the host of The Bill Frank Radio Show. interview thought leaders in business, entertainment, sports, politics, technology and local California issues. The program broadcasts at 11 o'clock am to 1 o'clock pm Pacific time every Sunday on KVTA AM 1520 or on the Internet at BrainStorminOnline.com. While the show is broadcast locally in Ventura County, CA, the guests have national—and international—appeal. I have listeners from all 50 states and the District of Columbia in the United States and over 125 countries. Listeners and guests agree. My interviews are thoughtful, insightful and fun.

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