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,...
Seen on Tom T's twitter account, from cnbc.com: http://www.cnbc.com/id/100876300#_gus At a brokers open house in Northern Virginia this week, real estate agents said they are already seeing the effects of higher rates on the ground and in the homes they're trying to...
More stories like this should help moderate price increases, though he really doesn't say much, except mention the b-word - from the SF Examiner: Dramatic gains in home prices in San Francisco and other large American cities point to a potentially new housing bubble...
The last time the market took off, it was for different reasons (easy money, shorter-term thinking, and more move-ups), but the market psychology should be similar this time around - because buyer exhaustion is inevitable. Here is how it looked then - during the first...
From dsnews.com: A majority of real estate experts responding to a recent Zillow survey expressed some concern that the Federal Reserve’s current policies could lead to another housing bubble. Only 4 percent of respondents are not at all worried about a bubble...
From HW: It seems Americans are growing more optimistic about the state of housing, as more than half of Americans now expect the country’s home prices to appreciate within the next year, Fannie Mae reports. Those results came from Fannie Mae’s April 2013 National...
