Sen. Kamala Harris Proposes $100 Billion Reverse Redlining Housing Program
Democratic presidential candidate Senator Kamala Harris proposed a $100 billion program for “homebuyers who rent or live in historically red-lined communities.”Read more
3 Ways To Stop The Next Real Estate Crash & Save The Fed A Trillion Dollars
Did you know that for the same amount the Federal Reserve spent on mortgage-backed securities they could have bought all the homes foreclosed 2006-2013.Read more
Zillow Zestimate Accuracy Calculator – 2019
In June 2019, Zillow made a major update to how they calculate Zestimates for houses listed for sale. In addition, they now report the accuracy of the Zestimates for houses “Listed for Sale” separately from houses “Not Listed For Sale.” Check out this post for more details. Here’s a post from 2018 with a discussion…Read more
New Zillow Zestimate Accuracy
Zillow just updated its Zestimates of house values and using new technology improved the accuracy of its estimates for houses that are listed for sale.Read more
California House Prices Fall (Inflation-Adjusted)
Inflation-adjusted house prices fell in four West Coast metros and Chicago from April 2018 to April 2019.Read more
History Of American Real Estate Bubbles
From land speculation in New York state after the Revolutionary War, to a huge bubble in Chicago in the 1830s, to our 21st century bubble, the United States has always been a nation of real estate speculators…Read more
Real House Prices DOWN In These 5 Cities Over The Last 12 Months
The stock market bounced back from its December lows but house price increases continued to shrink and real, inflation-adjusted prices actually fell (slightly) over the last 12 months in five of the 20 major metro areas covered by Case-Shiller data. That’s what I found when I applied the Consumer Price Index (CPI-U) to the S&P…Read more
New Study Of Old Real Estate Bubbles (1582-1810) Finds Two Surprising Similarities With Modern Bubbles
Amsterdam had three large real estate bubbles from 1582 to 1810. The real estate market was entirely different 200-400 years ago but those Amsterdam bubbles shared at least two similarities with modern real estate bubbles.Read more
After 50 Years Of “Affordable Housing,” Black Home Ownership Rate Is The Same?
You may have seen stories in April about the Fair Housing Act being signed 51 years ago on April 11, 1968. The Act outlawed housing discrimination based on race, color, religion, and national origin. As a real estate numbers geek, I was shocked a couple of years ago when I stumbled upon some U.S. Census…Read more
Real San Diego Home Prices Fall
Of 20 major metropolitan areas, 16 saw smaller house price increases in the last 12 months than during the previous 12.Read more