Category Archives: Residential

Average Mortgage Interest Deduction by State — 2015

Congress has encouraged homeownership by allowing the deduction of home mortgage interest payments and property taxes on primary and second homes owned by individuals.  For full details on home mortgage interest deductibility as it currently stands, read the IRS publication with all of the particulars at https://www.irs.gov/publications/p936/ar02.html Naturally to qualify for a deduction, the minimums …Read more

Residential Purchase and Refinance Lending Volume Forecast Update — July 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  The lagging year (2016 at this time) often …Read more

Housing Sales Forecast July 2017 — Fannie-Freddie-MBA

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years.   As you will see, there is neither a consensus nor even agreement in how the data are reported.   Fannie Mae and the MBA individually forecast existing home sales and  new single family home sales along with …Read more

Residential Buy Versus Rent by State

One of the largest decisions anyone makes is whether to purchase or rent a home.  The answer is not always straight forward.   Many factors are required to reach a financial solution:  home price, rent, income tax rate, interest rate, property tax, duration of rent or ownership, other tax deductions that can be itemized, insurance, homeowner …Read more

Another Top-10 List — Most (and Least) Expensive College Town Housing Markets 2017

As August approaches, college students across the country are packing up to head back to the classrooms, football games and late-night escapades (for some).  But it’s just not college students getting ready to relocate as college towns typically offer workers, retirees and businesses strong economies, highly-educated work forces, arts and entertainment, libraries, leisure activities, collegiate …Read more