- Little Hope for Housing by Jon D. Markman
- Beware the Case-Shiller Lag by The Fundamental Analyst
- Subprime WAS Profitable by Karl Smith
- Home Prices Rose in June, But… by Zacks.com
- More Evidence That Housing Has Stabilized by Calafia Beach Pundit
- Bank Self-Dealing and the Supercharged Financial Crisis by Rortybomb
- Home Prices Respond to Government Cheese by Karl Denninger
- Case-Shiller Up, But Still Distorted by Housing Credit by Sold At The Top
- False Hope for Housing From Case-Shiller by Tim Iacono
Sep 02
Aug 30
With home prices in the metro area down an average of 32% in the past five years, many don’t want to take a huge loss when they decide to move. They want to wait to see whether they can rebuild their equity. So they rent.
“People just really don’t want to be landlords, and they really have no choice,” said Dennis Dickstein, a Realtor at Real Estate One in Farmington Hills, who estimates that 20% of his deals are leases.
via Free Press.
Aug 25
The expiration of a home-buyer tax credit in the spring was expected to damp buying, though less severely. Economists said the sales drop—together with a corresponding rise in the inventory of unsold homes—meant another decline in housing prices was on the horizon.
via WSJ.com.
Aug 24
Homeowners are more pessimistic about the short-term future of home values in their local market than they have been in the past three quarters, according to the Zillow second quarter Homeowner Confidence Survey. One-third (33 percent) believe home values in their local housing market have not yet reached a bottom, while 38 percent believe they have already reached a bottom.
via KPBJ.COM
Aug 24
NEW YORK — The good news for sellers: Your house will sell. The bad? Only if the price is just right.
That could mean biting down hard and slashing tens of thousands from your ideal listing price if you’re serious about selling. And you should be prepared to get even less than that.
Aug 23
Notice what’s not being talked about here: actually deflating the bubble, and returning homes to a price where Americans can actually afford them.
via Seeking Alpha.
Aug 21
But what that means is, if we as a nation start saying that renting is a fine and legitimate choice—which, incidentally, would be the first time we did so since Herbert Hoover became Commerce Secretary in 1921—then we’d also implicitly be saying that more people are going to live in apartments.
via TIME.com.
Aug 19
12%: The increase in the cost of renting one’s home since April 2006 when home prices peaked.
via WSJ.
