Asset-Backed Securities

More On Homeowner and Renter Vacancy Rates

This is the summarized data on the troubling vacancy rates:

Homeowner Vacancy Rate 2.9% (in Q4)
Rental Vacancy Rate 10.1% (in Q4)
Pending Home Sales +6.3% (in Dec) vs. consensus flat

Some analysis from Goldman on this data. None of it is good:

Fed Rate Kept at 0%; FOMC Full Statement; Vague On Treasury Purchases

Release Date: January 28, 2009

For immediate release

The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.