2017 Mortgage and Real Estate Predictions
Well, another year has passed, and not just any year. Some have referred to 2016 as the worst year ever, though I’m a little more… Read More »2017 Mortgage and Real Estate Predictions
Housing Market
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
Home Prices Rise at Fastest Pace Since 2006
Just when you thought things were cooling off, home prices surprised us with yet another killer year. Tomorrow, Zillow will release the November edition of… Read More »Home Prices Rise at Fastest Pace Since 2006
Home Purchase Mortgage Volume to Exceed $1 Trillion in 2017
Good News for Real Estate Agents The Mortgage Bankers Association (MBA) expects home purchase lending to hit $1.1 trillion next year, per their latest economic… Read More »Home Purchase Mortgage Volume to Exceed $1 Trillion in 2017
See Which Phase of the Housing Cycle Your City Is In
Recently, I wrote about when the next housing crash might take place. For opportunists, it’s something to look forward to. For others, and frankly most… Read More »See Which Phase of the Housing Cycle Your City Is In
Time Heals All Real Estate Wounds If You Let It
Let’s talk about real estate investment for a moment. A recent commentary from mortgage financier Freddie Mac revealed that those aged 54 and older control… Read More »Time Heals All Real Estate Wounds If You Let It
Is It Actually a Good Thing That a Home Is an Illiquid Asset?
Here’s yet another post on the rent vs. buy argument, one that never seems to go away. I’ve written extensively on the pros and cons,… Read More »Is It Actually a Good Thing That a Home Is an Illiquid Asset?
3 Signs Another Housing Crisis Is Just Around the Corner
Here’s yet another post in my growing series of wondering if home prices are too high. Earlier this week, Black Knight Financial Services noted that… Read More »3 Signs Another Housing Crisis Is Just Around the Corner
A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis
There’s renewed fear that another housing crisis is on the horizon because home values are inching closer and closer to their so-called “bubble-era prices.” However,… Read More »A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis
Paying Your Mortgage Faster So You Can Actually Sell Your Home
Most people seem to be obsessed with paying off their mortgage early, whether it’s good for them or not. Clearly it’s a psychological victory to… Read More »Paying Your Mortgage Faster So You Can Actually Sell Your Home
Can We Use These Charts to Predict the Next Housing Crisis?
The Urban Institute released its monthly chartbook today, which provides tons of data about the mortgage market. As I scanned through it, I came across… Read More »Can We Use These Charts to Predict the Next Housing Crisis?