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Another Top-10 City List: The Most Affordable Cities For Homebuyers With...
The stagnant economy and massive liquidity actions from the Federal Reserve have driven interest rates to record lows. Freddie Mac, which has tracked residential mortgage loan rates since 1971,...
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Another Top 10 List: The Hottest Global Housing Markets
Knight Frank offers both residential and commercial real estate property brokerage and rental services in 43 countries, and reports research on 55 countries. AOL Real Estate analyzed housing value...
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Home Mortgage Interest Deduction on the Chopping Block?
Homeownership in the U.S. is good for everyone—correct? And the more people that own homes, the better—correct? Not necessarily so, conclude some individuals. Many would argue that the Federal...
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Robust November Existing Home Sales With Less Than 5 Months of Inventory...
The story behind the November 2012 existing home sales data is that the number of months of inventory was less than five months – the lowest since the market peaked in September 2005. Real estate...
View ArticleAnother Top-10 List: The 10 Healthiest Residential Markets in the Country
It’s all about jobs. Trulia’s Chief Economist Jed Kolko analyzed multiple data sources to arrive at the 10 healthiest residential markets for 2013 in the U.S. Kolko focused on “solid fundamentals,” as...
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10 Metros with the Fewest Number of Days on the Market for House Listings
As housing markets continue to recover, the story to be told is how quickly the supply of homes for sales is shrinking. And as inventory contracts, homes sell quicker and prices rise. That is exactly...
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Housing Continues the Road Called Recovery — Big Story Remains the Limited...
The National Association of Realtors® release on December 2012 housing sales and related data again illuminates the path of recovery of U.S. housing markets. While many would focus on the improving...
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NAR February Existing Home Sales — Probably Just a Year Out Kissing Distance...
Existing home sales statistics for February 2013 were just released by the National Association of Realtors® (NAR), and the housing recovery is now close enough to reach a normal level of sales...
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Another Top-10 List: Best Markets for Investors in Residential Properties
As an appraiser and investor, I have always stated that a residence, to be truly considered an investment, must rent for at least 1 percent of its market value each month. I can recall in 1990...
View ArticleCash is King – In the Housing Market
For decades it seemed that 12 to 14 percent of all housing sales were cash transactions involving no loans what-so-ever. Then along came the housing crash in 2007, and by 2010 investors (those buying...
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Price Per Square Foot Rising in Most Markets
As the economy continues to grow jobs, consumer confidence rises and residential rental rates increase, the demand for housing rises. Given a very tight inventory of builder-ready lots, new home...
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June 2013 Existing Home Sales Up 15.2 Percent Vs. June 2012 — Prices...
Existing home sales were at a seasonally-adjusted annualized rate (SAAR) of 5.08 million dwellings in June 2013, as reported by the National Association of Realtors®(NAR). Transactions stayed the...
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New Home Sales Up 38.1 Percent in June 2013 Vs. June 2012 — Median Price Rose...
New home sales, just like it’s paternal twin existing homes sales, came in at a seasonally-adjusted annualized rate of 497,000 in June 2013. This was the largest number of sales since July 2008. When...
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International Homebuyers: 6.3 Percent of Total U.S. Existing Home Sales
International buyers in the 12 months ending March 2013 made up an estimated 6.3 percent of all existing homes sales, according to a report issued by the National Association of Realtors® (NAR). This...
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Residential Listings July 2013 — One Half of the Supply and Demand Equation
Prices of all goods, services and real estate are reached in a market dynamic of supply and demand. Today we will focus on the supply of housing for sale. The supply of homes on the market is well...
View ArticleSir Isaac Newton’s Comments on the Mortgage Interest Deduction — at least I...
Sir Isaac Newton’s third law of motion states that, “For every action there is an equal and opposite reaction.” I contend this law is not limited to the world of physics, but also the financial realm....
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October 2013 Existing Home Sales Up 6 Percent Versus October 2012 — Median...
Existing home sales continue the recovery to normal, with October 2013 sales of 5.12 million on a seasonally-adjusted, annualized rate (SAAR), compared to 4.83 million a year ago, as reported by the...
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Another Top-10 City List — 10 Countries With the Least Overvalued Housing...
Earlier this week I wrote about the 10 most over-valued housing markets among developed countries and why that can happen....
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November 2013 New Home Sales Up 16.6 Percent Vs. November 2012, Median Price...
New home sales were up an estimated 16.6 percent in November 2013 when compared to November 2012, at a seasonally adjusted annualized rate (SAAR) of 464,000. Median price rose 10.6 percent in the same...
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December 2013 Existing Home Sales Essentially Flat from December 2012 —...
Tough weather conditions in December saw existing home sales remain essentially flat (down 0.6 percent on a preliminary basis) when compared to December 2012, as reported by the National Association of...
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