A new, fifty-page analysis from The Demand Institute suggests that home prices will begin to rise later this year.
Many have been eager for home prices nationally to reach a point at which they stabilize and start to creep back up, but the information superhighway is littered with the corpses of pundits who have erroneously called the “bottom” of the real estate market. Hope springs eternal, however, and this week produced two reports which have analysts optimistic that we’re out of the woods when i comes to housing.
The Wall Street Journal ran a big story on Wednesday about how homeowners are missing out on big savings because people can’t qualify for mortgage refinancings. This sounds like a tragic twist in what has been a humdinger of a bear housing market. But the more you understand mortgages, the more this bad news looks [...]
This morning’s happy housing news: homes are now worth what they were in the fall of 2003! Okay, so maybe that’s not the cheeriest way to frame the most-recent S&P/Case-Shiller data, though it does, I think, preserve an important piece of context. If you want to have a glass-half-full sort of day, then a better [...]
One positive byproduct of this real estate/financial crisis has been the elevation of the S&P/Case-Shiller Home Price Indices to the status of standard measure of housing prices and the relegation of the National Association of Realtors’ average and median sales price numbers to sideshow. This is mostly a good thing, because the NAR numbers are [...]
