In 2013- 2014, earlier in this economic cycle, I attended a few economic conferences to get a feel what other people were saying about the status of the housing market. At that time, everyone seemed to share the sense that housing starts were going back to their 50 year average of 1,500,000 per year, in […]
For years we have heard a thesis that low inventory and tight lending are stalling the U.S. housing market.
One of the more interesting housing data lines we have seen in this economic cycle has been the gap between the (HMI) Housing Market Index and data from new home sales, starts and permits. At first glance it does look like a major disconnect from builder confidence to builder activity. However, we need to put […]
Demand for Existing Homes: Demand for existing homes this year, looks positive, year over year. Sales are now 11% higher than a year ago – the largest year-over-year gain since July 2013. NAR Report: http://www.realtor.org/news-releases/2016/02/existing-home-sales-inch-forward-in-january-price-growth-accelerates NAR Research @NAR_Research Sales are now 11% higher than a year ago – the largest year-over-year gain since July 2013 (16.3%). […]
The bar for housing is so low that some housing bulls might try the predictable tactic of bellowing about exponential growth portending a miraculous recovery when all that is occurring is a bump.
Today I spoke with David Lyyken about the state of the housing market in America. Some questions that we discussed were: 1. Where will mortgage rates go? 2. Will home prices in America rise again? 3. How will the Fed impact long term rates? 4. What should one make of the oil crash in America
Year in Review In December of 2014, I made several predictions for the housing market in the coming year and I am both pleased and disappointed that most of what I predicted did in fact come true.
The new TRID rules and forms took effect on October 3, 2015. The TRID rules are a result of the the Consumer Financial Protection Bureau (CFPB) integrated the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA), and were put in place to add consumer protections to the mortgage lending process.
In discussion today, Fed rate hike, U.S economics, demographic deflationary pressures around the world and the U.S. housing market.
The Census Bureau reported new home sales were 495,000, last month, a slight miss from estimates. Headline numbers for new home sales are very volatile. In the last 4-6 months, especially, there were negative revisions and previous month’s numbers were revised to 40,000 sales lower than the numbers originally booked.
