Tag Archives: Moody’s

Federal Housing Financing Agency: MN Home Price Index 8-24-2011

We have several Home Price Index’s to watch, all tracking the same thing.  Case Shiller Index is my preferred one to watch, mainly because of S&P Moody’s reputation for accuracy.

The FHFA (Federal Housing Financing Agency) released their Home Price Index yesterday for Minnesota.  Seems in line with Case Shiller’s Index.  The big difference with this one is that Q1 1980 = 100 for the Index.


FHFA MN Home Price Index 8-24-2011

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Commercial Real Estate Market compared to Residential (case shiller)

This is a great visualization from calculatedrisk blog.  The commercial real estate market is tracking about 18 months behind residential.  Commercial Property Price Index vs. Case Shiller.  So what my question is:  In order for the Residential Market to recover, we need jobs. The primary purpose of Commercial property is commerce aka Jobs.    So which market will recover first?  Residential or Commercial??   Thoughts?

Also another question comes to mind – had we not interfered with the residential market (government intervention) would the Case Shiller index bottomed out like the CPPI?  Was it really worth it?

CPPI vs. Case Shiller (calculatedrisk blog)


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MN one of few states with S&P’s highest credit rating

Close-up of the head of a Common Loon (Gavia i...

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Well this is Good News!  It was touch and go there for awhile…  The State of Loons keeps it’s credit rating.  The scary part of this is that only 13 out of 50 States have a AAA rating…

Story from Mpls/St Paul Business Journal: 

While the federal government no longer has Standard & Poor’sbizWatch Standard & Poor’s Latest from The Business Journals Up we go; Market closes sharply higherDow rallies 423 points ThursdayHow Florida kept its AAA rating Follow this company AAA rating, Minnesota can brag that it is still one of only 13 states to have the credit rating agency’s highest mark.

There are three major credit-rating agencies: S&P, Moody’s Corp.bizWatch Moody’s Corp. Latest from The Business Journals Moody’s may cut defense contractor ratingsGeorgia among few states with triple AAAsMassHousing bond sale will free up M for new loans Follow this company and Fitch RatingsbizWatch Fitch Ratings Latest from The Business Journals Column: Ohio credit rating boost bucks national trendSMUD bond rating upgraded by FitchSMUD bond rating upgraded Follow this company . While S&P still gives Minnesota’s its highest AAA rating, Fitch lowered its rating for Minnesota last month to AA+, while Moody’s has had a AA+ rating on the state since 2003, though it changed its outlook for Minnesota debt to “negative”. Both the Fitch and Moody changes came in reaction to the Minnesota state government shutdown and the final deal, which relies on the use of tobacco bonds.  READ MORE

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