Author Archive

The Latest Housing Starts (September 2014)

Homebuilders were busier in September, digging more dirt and ready to bring more new homes to the market.  But construction was tilted towards multifamily apartment units.  Single-family home construction still remains well below historical norms.  A housing shortage is...

Falling Oil Prices, REALTOR® Expense

Oil prices have tumbled in the past month, and the reasons are due to supply and demand.  North Dakota is producing oil like mad, now the second biggest oil producing state after Texas, surpassing Alaska.  On the demand side,...

Rapidly Diminishing REO Foreclosure Sales

The number of foreclosed home sales has been rapidly falling and could essentially vanish by next year.  Those who specialize in foreclosure sales should therefore look towards other line of business. In August, foreclosed sales comprised only 6 percent...

Affordability in Monthly Mortgage Payments

Home prices have rebounded nicely with the latest median home price on a single-family home at $220,600 in the U.S., up from around $160,000 just few years ago. Such a robust price gain from the trough would imply less...

The Latest Case-Shiller Home Prices

The home prices of 20 large metro markets measured by Case-Shiller increased 6.7 percent over the past 12 months to July.  However, there is a marked deceleration in the price growth.  Price gains were in the double-digits for most...