MLS Inventories are low because underwater owners and those will low equity aren’t listing their homes.
Back in 2011 lenders changed their loss mitigation policies. Rather than foreclosing on delinquent borrowers and selling the subsequent property as REO, banks made two major changes… – NAr’s Lawrence Yun doesn’t understand cloud housing inventory
The combination of weak or falling home prices and a rising cost of ownership is the worst of both worlds in residential real estate.
Stagflation is broadly defined as an economic condition of high inflation and slow growth. Stagflation was last noted in the 1970s when rising oil prices drained… – The risk of stagflation in the US housing market
Loan terms faced by future homebuyers determine how much they can borrow and how much they can pay for houses purchased today.
One of my earliest posts in May of 2007 was about the impact future loan terms have on future home prices. Most people just assume house prices always go up. Their… – Future loan terms determine future house prices
Owning or renting is a personal choice, and people have good reasons to rent or to buy.
The need for shelter is basic, often closely followed by the desire for community. In the United States, this often translates into a desire to take on a very large mortgage to buy real estate.
These basic… – Why do people buy homes rather than rent them?
I own several rental properties, but I still rent my personal residence. Are renters like me less happy that those who bought homes?
First, I want to point out I was not always a renter. Like many others, I bought a house (actually I designed and built it). I know the emotional satisfaction that… – Are homeowners happier than renters? (redux)
The homeownership rate is plunging because the housing bust tarnished the American Dream dream, and a new generation chooses to rent instead.
For nearly 100 years, the goals of US government housing policy were to maximize the homeownership rate and the rate of growth in house prices…. – Homeownership rate at 25-year low and falling
Lending standards are not too tight, but this fact doesn’t stop realtors from repeating this lie over and over again.
I recently opined that Mortgage lending standards should not be relaxed further. Why, because standards are not too tight today. In fact, the mantra of tight lending… – Tight lending standards: the biggest lie in housing in 2015