Will the U.S. face a generation of underperforming housing values? It happened from 1915 to 1945 and the current trend is not looking favorable. Current U.S. housing values over priced by 30 percent.
It is hard to imagine a time in U.S. history when housing was actually perceived as cheap for an entire generation. Yet this is the exact experience that occurred from 1915 to 1945. Home values were cheap in relative inflation adjusted terms. Even after 1945, homes were still affordable and this is where the seeds […]
U.S. home prices will resume price decline after year of banking and government intermission. Multiple signs point to another year of slow home price growth and U.S. home values over priced by 20 percent.
Home sales follow very seasonal patterns. Yet much of this natural mechanism was stunted by banks delaying foreclosures and the government artificially stimulating home sales. Now that much of the stimulus has been exhausted, it is clear that home prices are correcting once again. It is hard for many to imagine that home prices can […]
California MLS inventory up 25 percent since April. MLS public data at 144,000 but 742,000 mortgages in California are in foreclosure or one payment behind.
MLS inventory for California has increased by 25 percent since April of this year. Part of this has to do with more foreclosures and short sales trickling their way onto the market. It also has to do with sales declining because of tax credit expiration fatigue. But what is the real inventory if banks were […]
How we lost 1.3 million households from 2008 to 2009. New Census figures show a large decrease in U.S. household count.
Preliminary Census data is now coming out showing the effects of the recession on a macro scale. The 2008 Census figures don’t highlight the deep capital loss that was experienced by middle class families over the last two years. We now have data showing how deep the recession has gotten. From 2008 to 2009 the […]