You Need a Good Credit Score to Buy a House

Shocking.

Originally posted at the WSJ.

Source: RBS Global & Markets

More of what I’m reading:

- A Home is a Lousy Investment – In no small part because the government won’t let the markets do what they need to do.

- Geo-intelligent local impact stories

- $22 Billion Housing Tax Credit Program Utterly Failed as Economic Policy – In the Charlottesville real estate market, the tax credit absolutely, definitively and temporarily increased transactions.

- 20% Drop in Housing to Cause Recession in 2012 – of course, this is Gary Shilling and he’s always bearish and doesn’t speak to the Charlottesville market.