Author Archive

Pent-Up Sellers?

For how long can people not move?  Historically home sellers lived in their homes for 6 or 7 years before deciding to put it for sale and make the next move.  That was not the case in 2014.  A...

Shrinking Inventory

The total inventory of homes available for sale fell in December for the first time in 16 months.  The decline was very modest of less than 1 percent from the comparable month the year before.  Nonetheless, it represents a...

Latest Housing Starts (December 2014)

Single-family housing starts in December reached their highest monthly activity in nearly 7 years.  Still, the increase is coming off very depressed levels and another 50 percent jump is needed to help relieve a potential housing shortage. Multi-family starts...

Inflation Rate in 2014

Consumer prices fell in December, yielding a low one-year 2014 inflation rate of only 0.7 percent.  However, renters are getting squeezed.  Rents increased at the fastest clip since 2008 with a 3.4 percent jump in 2014.  Home prices are...

Strong Dollar and Foreign Home Sales

The U.S. dollar has become mighty once again.  It has strengthened against most foreign currencies.  That permits Americans to buy foreign products at cheaper prices and to travel abroad with fewer dollars.  However in the opposite direction, the strong...