Tag Archives: Real Estate Trends

Pick a Number — Existing Home Sales November 2019

In this day and age of mathematical precision and faster-than-light calculation speeds, answering the question as to existing home sales numbers and direction almost makes one stutter.   The following bullets summarize November existing home sales statistics.  Pick a number — pick any number — and what you saying is probably  correct.  Each of these data …Read more

Another Top-10 List — Highest Gaining (and Losing) Median Home Price Metropolitan Statistical Areas Q3 2019

While the U.S. has seen all-time record-high employment, the lowest unemployment rate in 50 years, and rising wages, home sales stuttered in 2018 and the first half of 2019 due to affordability.  Home price  increases in the past decade have out-sprinted income gains, negatively impacting affordability. Prices changes are not uniform nor consistent across the …Read more

Forecasting is Difficult, Especially the Future: — Housing Sales, Interest Rates, Home Prices and Lending 2020-2021

Forecasting is difficult, especially the future, is a small bit of economist humor that embodies more truth than may be appreciated.   While ongoing trends are easy to forecast by just continuing the line or general direction of sales-interest rates-prices-jobs or any other economic factor, the difficulty arises in anticipating or predicting the events(s) that alter …Read more

U.S. Homeownership Rate by State

Not only is homeownership the key component of the American Dream, the home is the largest store of wealth for the majority of American families.  Good news is that homeownership is increasing in the U.S. once again.  After the U.S. homeownership rate peaked at 69.2 percent in 2004 (driven by the unthrottled availability of subprime …Read more