Happy April 1st - Trulia got in the April Fools' spirit with this today: http://www.truluvia.com/ But let's keep it real here. C-L expects price increases to continue. From MND: http://www.mortgagenewsdaily.com/04012014_corelogic_hpi.asp Home prices continue to...
I've wanted to log the expert guesses so we can look back a year from now and see who was close, but most of them say they expect moderate growth in pricing - in the 3% to 5% range. But then the president of the local association of realtors launched this rocket:...
Back on October 22nd, I said that I thought we'd be seeing zero appreciation in 2014, mostly due to overly optimistic sellers rushing to market with their over-priced turkeys. The resulting glut, combined with rising rates, would cause buyers to cool off, and regain...
Even though she couldn't have been more negative about the real estate market throughout the year, here's Diana patting herself on the back about predicting all the good news about 2013: http://www.cnbc.com/id/101261686 Here are her predictions for 2014:
The Fed's taper announcment didn't rile the markets, and so far it seems to be well received. How will impact home sales? Here's what Bill McBride said, "Rates will be low for a long long time ..." As far as the "Appropriate timing of policy firming", the...
The Trulia predictions earlier this week included several references to less investor activity in 2014, due to higher prices. In particular was his #2 point: 2) The Home-Buying Process Gets Less Frenzied. Home buyers who can afford to buy won't be as frantic as...
Trulia has issued their 2014 predictions: http://www.marketwatch.com/story/as-consumer-optimism-rises-trulia-predicts-2014-will-be-the-year-of-the-repeat-buyer-and-urban-renter-2013-12-11 Jed the Economist predicted some changes in the market - here is his #3: Repeat...
As more inventory hits the housing market and buyers rebel against rising home prices, the real estate market is likely to shift from seller dominance to one that is more counterbalanced by buyer reluctance to acquire homes deemed too expensive. The tighter inventory...
From BloombergBusinessweek.com: Mike Imgarten, a 29-year-old civil engineer, encountered a frenzy of demand and a dearth of inventory during a two-month house hunt this spring in Sacramento, Calif. Fearing he’d end up paying too much, he took a break from the search...
From bloomberg.com: The number of Americans who owe more on their mortgages than their homes are worth fell at the fastest pace on record in the third quarter as prices rose, a sign supply shortages may ease as more owners are able to sell. The percentage of homes...
