The recent Existing Home Sales release published showed a sixth consecutive month of single-family home prices higher than a year ago. What does this mean for affordability? The answer may surprise you. The August Existing Home Sales release … [Read more...]
A silly survey from Fannie Mae
I saw the headline, “Fannie Mae: Despite It All, Americans Want to Buy, Not Rent,” and thought there might be some good news there. There was, but there was too much silliness to drown it out. The story come from a Fannie Mae press … [Read more...]
Home prices barely drop from August to September (this is unusual)
Not news: Redfin says that both home sales and home prices were up in September over last year. That’s not unexpected — the four percent sales jump and 5.4% price jump are signs of the ongoing recovery. What is unusual is that home prices … [Read more...]
Cycle of Foreclosure about to be Broken? [INFOGRAPHIC]
One-sentence response to 3.8% tax myth
Let’s say you have a seller who asks you about the “3.8% real estate tax” myth. You want to debunk it, but you don’t want to start getting into too many details explaining that it’s a capital gains tax and only applies … [Read more...]
Shadow Inventory: Less Scary
Visible inventory of homes on the market has been falling repeatedly. Existing home inventories are at an 8-year low, while newly constructed home inventory is near a 50-year low. As we enter the winter months, inventories will fall even further. … [Read more...]
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