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Housing Market on the Mend, or Not?  We joke that the weatherman gets to keep his job even though he does not predict future events with any accuracy. What about economists? Why do they get off so easy? Two things have amazed me about the current economic downturn: its severity, and how it seems no one knows what's going on, particularly the economists. Here are a few articles that illustrate the point. On May 18, the Wall Street Journal reported that home builder optimism rose, citing a trade group's index and quoting an upbeat economist. The next day, the New York Times reported that housing starts fell, quoting an economist who indicated that there was simply too much supply. And, it didn't help when, on May 27, a writer for the Wall Street Journal opined that owning a home is not a good investment. Perhaps this is my punishment for trying to gauge the market by reading both of these papers. At the least, these articles suggest to me that Americans, and the economists they rely on, are going through a painful attitude adjustment on the value of real estate and the meaning of the data that chart that market.
As always, I hope you benefit from your review of this e-newsletter. If you have any questions or comments, please feel free to contact me.
Jim Dixon
216-515-1642
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City of Cleveland Pursues Aggressive Enforcement of Fannie M. Lewis Law Even though its requirement may be unconstitutionally vague, the City of Cleveland requires that its contractors employ Cleveland residents and make "significant efforts" to employ low-income residents. Starting around the time that the Mayor reassigned the Director of the Office of Equal Opportunity, the City began to more aggressively enforce these rules, going so far as to review projects that had closed years before. Through our work, we have learned how the Director determines whether a penalty is appropriate. Review this client alert to learn more. |
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Seminar: Getting Paid for Construction Work On June 22, my partner Ian Frank will be discussing the perfection and enforcement of lien rights at a seminar that addresses this ever-important topic. To learn more, follow this link.You may also contact me if you would like to have an in-house seminar on this topic or any other topic covered by any of our practice groups. |
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Ohio Supreme Court Clarifies Extent of Protected Attorney-Client Communications The Ohio Supreme Court recently clarified that any communication between lawyer and client that facilitates the rendition of legal services is a privileged communication. Read our client alert on this opinion to learn more. |
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Disclaimer
This document is intended to provide general information about legal developments, not legal advice. Receipt of this information does not create an attorney-client relationship.
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