It’s looking more like zero growth in total sales for 2014.
The lack of first time home buyers is not a new phenomenon. This group of mortgage buyers has been underrepresented in the market for years, and you don’t have to read tea leaves to figure out why:
For 2013, one of the main stories in housing was the cool down in existing home sales numbers over the second half of the year, in spite of the relative strength in GDP
Are tight lending standards the go-to fall guy in this economic cycle? It would seem so.
Wall Street Journal’s Nick Timiraos sparked a recent Twitter discussion on this topic when he shared an article Mark Zandi, Moody Analytics Chief Economist, wrote. Mr. Zandi believes lending standards will hamstring a struggling housing market, and should be loosened. A number of Nick’s followers jumped in to agree.
Compromise On Eminent Domain / Mortgage Seize Logan Mohtashami, Benzinga Contributor December 03, 2013 4:52 PM The use of eminent domain to seize mortgages sound odd? Local government seizing private investments in order to enhance the economic value … Continue reading →
Recently we saw that the mortgage purchase application number had its first negative year over year number on the 4 week moving average.
Logan Mohtashami, Benzinga Contributor Wall Street Journal recently had a webcast discussion on buying and selling real estate. As always I stepped in and made some points about housing inflation rising past economic reality. However, note to self, have a … Continue reading →
Summer is in full swing so I’ve got my binoculars out. The season is a great time to go hunting for elusive and not so elusive creatures.