Who caused the housing crisis? Apparently it was the people who asked to borrow too much — not the people who actually gave it to them. And which group of people asked for more than they should have? Generation X, that’s who. So implies … [Read more...]
Construction Spending
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses construction spending. Very lagging data on construction … [Read more...]
Distressed sales having less of an effect
Happy New Year, etc. etc. There are plenty of predictions about the next year in the housing market, and I’m going to do my best to ignore all of them. But there is (and will be) plenty of actual data to look at. First off, there’s some … [Read more...]
Local Market Reports: Decline in Homeownership
The sharp increase in layoffs and foreclosures across the nation after 2006 has weighed on the homeownership in subsequent years. Not surprisingly, the states with the sharpest declines in their homeownership rates were concentrated in those states … [Read more...]
Housing: Year End Reports Reveal Market Coming Back
Every year-end housing report revealed that the real estate market is recovering quite nicely. Here is a quick synopsis of each: Existing Home Sales Report Total existing-home sales rose 5.9 percent in November over last month Sales are 14.5 percent … [Read more...]
It’s That Time Again…
Every year I write a melancholy post looking forward and back. However, I haven’t posted here on Musings since I took the job at NAR back in July. It’s an odd place to be, this blog being my labor of love, while also inextricably tied to … [Read more...]
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