Possible federal budget sequestration, continued government deficits, spending cuts, uncertain taxes, and federal policies—they’re all in the news along with a variety of other uncertainties about the economic outlook. The Economic Policy … [Read more...]
Gap in Buyer and Seller Traffic Index Persists
Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of … [Read more...]
America’s Resiliency after Natural Disasters
After Superstorm Sandy, one thing is assured: the impacted regions will rebuild, create jobs, and become stronger. That has always been the American way. The U.S. housing market peaked in 2005 and then started to fall steeply. However, New Orleans … [Read more...]
Who Will Get Future Housing Wealth?
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...]
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