It has be a wild, tumultuous year - how are the forecasts turning out? Everyone was a little light on their price predictions! California Association of Realtors: From October, 2012: CAR expects the 2013 median to rise 5.7%, to $335,000. This week's quote: C.A.R....
The folks at www.1worldonline.com like to poll their audience, and last month they used a bubbleinfo.com blog post in one of their surveys. Their readers voted on this question: Is the increase in real estate value a sustainable trend? Home prices have increased...
This guy gets quoted in the media a lot because he is the only bear left - read his full report here: http://mhanson.com/archives/1467 In summary, the past two-years of massive Fed, Gov’t, and bank intrusion into the housing market went way too far. Houses are...
Another view from flipperville, plus a prognostication at the end about the baby-boomer generation:
An excerpt from Reuters: http://www.reuters.com/article/2013/08/18/us-usa-housing-dollar-analysis-idUSBRE97H01720130818 After hitting a three-year high in July, the dollar index .DXY, which tracks the greenback against a basket of six major currencies, has fallen...
Historically it is very rare to have pricing go up 20% in a year. With prices skyrocketing, wouldn't you expect sales to slow down? Or wouldn't buyers at least become more selective when they are forced to pay substantially more, in many cases six-figures more, than...
"It's on the way up now, and I'll bet it will go up for a while, but you can never be too sure" - Robert Shiller Blackstone and other investors will likely learn the lesson from the lenders that it is better to drip out the inventory in small increments. They can...
Another round of opinions from the ivory-tower crew: http://www.forbes.com/sites/morganbrennan/2013/07/26/what-to-expect-from-housing-in-the-second-half-of-2013/ “You can sort of think of it as we overshot on the way down and this is sort of a correction back to...
Yesterday this joker was talking his book on cnbc.com, and said: We're in a 3, 4, or 5-year recovery They expect no impact on sales from the recent rate bump, Inventory is 5.2, going to 6.0 next year (normal), and NAR thinks home prices will go up 9% to 10% the rest...
I think daytrip sent this last month: http://www.latimes.com/business/money/la-fi-mo-top-real-estate-issues-20130605,0,4776185.story Addressing a gathering of real estate journalists downtown, kickoff speaker Howard Gelbtuch, chair of the Counselors of Real Estate,...
