Mortgage Interest Will Remain 100% Tax Deductible For Landlords
Here are my views of how federal tax policy makes homes much less affordable for American families.Read more
What Happens to Home Prices After a Fed Rate Increase?
I like to say that I predicted 4 out of the last 0 mortgage rate increases so I don’t even try to predict mortgage rate increases anymore. To me it seems crazy that they’ve been so low for so long. I would have never predicted it. BUT… the consensus this morning seems to be that the Fed will increase the Federal Funds rate in December.Read more
Is Texas More Liberal Than London!
Comparing London to Texas property taxes. It started out as a simple idea. I just wanted to know if London had high or low property taxes than Texas.Read more
Update on "Percent of Homes Increasing in Value"
I’m was trying to peek around corners a bit with this idea of looking at Zillow’s dataset of percent of homes that are increasing in value. Zillow doesn’t publish these graphs themselves but they do publish the raw data so I took that data and made these graphs. Zillow looks at their Zestimates for all homes…Read more
My Customized Case-Shiller Charts
One of the unique things I do here at RealEstateDecoded.com is that I publish an INFLATION-ADJUSTED Case-Shiller Home Price Index. You can see what’s really going on with home prices by looking at the Real, Inflation-Adjusted Case-Shiller Home Price Index.Read more
Buy Like Barack! Buy the House You’re Renting
The Washington Post reported recently that Barack and Michelle Obama bought the house they had been renting. That was serendipitous for me because I’ve been working for a crazy number of months on an online course called, “Buying the House You Rent.” Nice timing, Barack! Thank you! One of the authors of the original story…Read more
2017 Forecast – U.S. Housing Market
It looks like 2017 will be a transition year for the U.S. residential real estate market. Stock Market. I’ll forecast that the stock market continues more or less sideways but ends the year a lot weaker than it starts. Talk of a coming recession increases. Consumer. Employment and consumer spending continue strong in 2017 but before the end of the year unemployment stops falling. As consumer spending increases less, the economy increases less. San Francisco. The number of home sales in metro San Francisco will fall although prices won’t fall as much as sales. Unless we have another tech boom or foreign buyer boom, San Francisco home prices will likely…Read more
Advice Wanted: Family Losing $1000/mo On Condo
Dear Readers, I got a very moving email from a reader this week. They are taking a $1,000 a month loss on a condo they bought in California in 2006. But now we are just a ticking time bomb… My retirement savings will likely be less, my assets fewer, my children’s college loans greater… and on and on. This issue is beyond my area of expertise. So, I would really appreciate it if any of my personal finance blogger friends could offer her some helpful advice. Please leave your advice in a comment so she can read it. Thank You! – John ———- Begin Email ———- Hello Mr. Wake, “The Big…Read more
Will San Francisco Home Prices Fall This Fall?
I think so. San Francisco home prices have gone up an average of 18% a year since 2012! Using the latest Case-Shiller Home Price Index, San Francisco home prices are up a total of 84% since 2012. Nominal San Francisco home prices are now higher than they were at the peak of The Great Real Estate Bubble in 2006. But now it looks like San Francisco’s residential real estate market has lost its upward mojo. Compare the home prices for the 5 West Coast cities covered by the Case-Shiller Home Price Index. U.S. West Coast Home Price Increases From April to July Portland = 4% Seattle = 3% Las Angeles…Read more
San Francisco Housing Bubble 2016
Current supply is determined by current prices AND expected future prices. If you ever wondered why the supply of homes for sale in San Francisco is so tight even though San Francisco home prices are so high, this video is for you! San Francisco: Case-Shiller & Zillow Percentage of Homes Increasing in Value The most interesting change this month was in San Francisco, that’s why I made this post about San Francisco. You can see that the Case-Shiller home price index for San Francisco (blue line) is losing a lot of its steep upward momentum. Also notice that home prices have a huge tendency to increase in the first part…Read more