Real U.S. House Prices Up 8% in 12 Months
Inflation-Adjusted Case-Shiller Home Price Index Will Surpass 2005-2006 Peak Bubble Prices Soon.Read more
2020 Home Prices Lower than in 1990 in Many Cities – After Adjusting for Inflation and Mortgage Interest Rates
How have 30 years of falling mortgage rates changed the economics of homeownership? The answer shocked me and changed my view of how the real estate market really works.Read more
U.S. Inflation-Adjusted House Prices Highest Since 2005-2007
For the U.S. as a whole, real, inflation-adjusted house prices were up 7%.Read more
History Shows We Can Increase Homeownership Fast
President-elect Biden’s campaign proposal for a $15,000 first-time homebuyer tax credit would be a disaster for homeownership. I propose a new, alternative policy that would increase homeownership fast.Read more
3 Reasons Housing Market Is HOT & Case-Shiller Home Price Update
Before we dive into the Case-Shiller data, let’s talk about why the market is so hot despite the Coronavirus.Read more
House Prices Have Strong Upward Momentum After Mortgage Rates Fall 2% Since Nov. 2018
House prices have a ton of upward momentum behind them after nearly 2 years of constantly falling mortgage interest rates.Read more
#1 Reason Home Prices Are Up Despite Covid-19 Recession
Real house prices increased 8% over the last year in Phoenix. 8% after inflation is a HOT real estate market.Read more
Top 3 – Real Estate News – Week Ending 7/11/20
Top housing news including an interview with 5 chief real estate economists.Read more
Top 3 – Real Estate News – Week Ending 7/3/20
Top 3 Real Estate Market News Stories for the Week Ending July 3, 2020.Read more
Remember April? House Prices Did NOT Fall
From April 2019 to April 2020, real, inflation-adjusted house prices increased for all metros covered by Case-Shiller. Phoenix led the way with an 8% real house price increase over the previous 12 months!Read more
Why Aren’t More Houses For Sale? Is Mortgage Forbearance Causing It?
Are mortgage forbearance programs a factor in this low supply of houses for sale? Could we see a rush for the exits and a lot more houses hitting the market when the mortgage forbearance programs eventually end?Read more
Real Estate Week – June 26, 2020
Best real estate quotes from Ali Wolf, Tim Sullivan, Ivy Zelman and Jon Litt from the week ending June 26, 2020.Read more
The Financial Crisis Inquiry Report (2011) – Study Notes
Here are some of the most surprising quotes from this amazingly honest report. Selections from the Financial Crisis Inquiry Report (2011).Read more
Flat, Fall or Crash? Home Price Outlook for 2nd Half of 2020
In this YouTube video I tried to make sense of this rapidly changing real estate market.Read more
Housing Data Gems – June 13, 2020
Real estate data gems of the week from Wells Fargo Economics Group, Meyers Research and Black Knight’s Mortgage Monitor.Read more
2 Key Factors that Drive House Prices – Double, Double, Quadruple
A $100,000 mortgage in 1990 at 9.8% interest would have the same real monthly mortgage payment (P&I) as a $400,000 mortgage in 2020 at 3.2% interest.Read more
U.S. House Prices Were Rising Fast Before Covid-19
Going into the Covid Crisis, none of the metros covered by Case-Shiller saw a decline in real, inflation-adjusted house prices. Phoenix saw a 7% real, inflation-adjusted house price increase over the previous 12 months.Read more
Why House Prices Won’t Fall in 2020 Despite the Covid-19 Chaos
Despite the Corona Recession, I think it’s unlikely U.S. house prices will fall, and if they do, it won’t be by much. Adjusted for inflation and interest rates, house prices aren’t high in most cities, and are nothing like in 1990 or 2006.Read more
House Prices Before Covid-19
Phoenix is still the hottest metro covered by Case-Shiller. In real, inflation-adjusted values, house prices in metro Phoenix increased 5% from February 2019 to February 2020. See data for all 20 cities covered by Case-Shiller.Read more
Quick Video Report – Will Mortgage Rates Fall Because of the Coronavirus?
The 30-Year Fixed Rate Mortgage Rate MAY go lower than it did in the past when the Fed Rate was zero.Read more