Author Archive

Residential Outlook

GSE Restructuring •        Private Profit and Taxpayer Loss System must go away –       Subsidized Hedge Fund (Investment Portfolio) must go away •        Government backing essential for simple mortgages that do not require innovation … brings lower  (and actuarially fair)...

Housing Shortage Ahead?

In the past two years, housing starts have stayed mostly in the range of 500,000 to 600,000 annualized rate.  Housing starts in the latest available month of February were exceptionally low with only 479,000 annualized unit production pace (even...

Rents vs. Home Prices

The graph below is the national rent index (blue) as measured by the Consumer Price Index and the home price (red) is the national median price from NAR. Both data, for easy comparison, are set at 100 for the...

February 2011 Real Estate Insights: “Changing Times”

Already this new year we have seen changing patterns: in weather, in politics, in international developments. We’ve also seen changes in factors affecting real estate, as well as a change in the influence of housing on an economic recovery....