The economists like the housing market, but they are known to play it safe. How about the consumers? I'd prefer to survey the active home buyers and sellers in our area to get the best reading on our future. But here are the sentiments of 1,079 American adults over...
New research from JPMorgan examining historic data found that the risk of a dramatic decline in prices is low, despite current fears of a correction in the U.S. and Canada. Using data from 14 developed countries dating back to 1950, JPMorgan's research found that...
If we charted it carefully, we'd probably find that there are hot streaks around the same time every year:
An excerpt from this article: http://www.latimes.com/business/la-fi-home-prices-20170725-story.html Home prices have now been rising for more than five years, the result of a growing economy, rock-bottom mortgage rates and a shortage of homes on the market....
It looks like we are cycling through all the buyers with big down payments, and giving the less-fortunate folks a chance...
The Statewide Community Infrastructure Program (SCIP) sounds like another name for 30-year Mello-Roos-type bonds whose proceeds are used to pay for things that governments or home builders used to cover.
It's not just the weather that is scorching hot - scroll over the graph for the median number of days on market per price range:
Rates are under 4.0%, no points! From MND: Mortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen in bond markets (which underlie rate movement). Those gains came early, with this morning's economic data...
From the wsj.com An excerpt: Lenders say there is an untapped market among borrowers with good credit scores like self-employed workers who don’t have proper income documentation, or for responsibly made loans to borrowers with credit problems that have had...
In the future, will there be affluent millennials that will be ready, willing, and able to pay more than today's prices? Maybe there is comfort knowing that 1/3 of millennials aren't living paycheck to paycheck today?
