Irrespective of who wins the election, wealth will be more unequally distributed four years from now. The reasoning is that rental households have been rising while the number of homeowners has not increased. Homeowners over the long haul build … [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...]
Latest 2012 Economic and Housing Outlook
Here is the latest 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. Though today’s downward revision to prior GDP figures were not incorporated, the outlook remains essentially unchanged. The full 15-slide PowerPoint … [Read more...]
On the Path to Recovery
The strong spring and summer housing markets helped to reduce inventories nationally and the same dynamic has played out in local markets. Somewhat surprisingly, many housing markets that were hardest hit by the housing bust are sharing in the … [Read more...]
Latest 2012 Economic and Housing Outlook
Here is the latest 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. The full 15-slide PowerPoint looks at economic indicators such as existing home sales, new home sales, housing starts, GDP, payroll jobs and more. The Summary … [Read more...]
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