Let’s commence the discussion today on axioms. An axiom is defined as that which is evident. Axioms are also an anchor or starting point on which to logically build. I had a land economics professor at Texas A&M (Dr. Ivan Schemedemann) whose primary axiom was… Read more

Where today can you make the best profits when flipping homes? To answer that, RealtyTrac, which offers a wealth of data in housing and mortgage markets, dug deep into housing sales across the country. Rising home prices continue to support flipping, when properties often resell… Read more

Just a few years ago, U.S. housing markets in aggregate were overbuilt, and that was reflected in declining rents, home prices and home sales. What has happened in the interim has been a quicker than anticipated absorption of surplus property, and when viewed in today’s… Read more

March existing home sales, as reported by the National Association of Realtors® (NAR) , showed good improvement compared to March 2012, with sales on a seasonally-adjusted annualized rate (SAAR) up 10.3 percent to 4.92 million, while median price jumped 11.8 percent to $184,300. These are… Read more

One of the megatrends I have talked about the past two years is that we will continue to have younger individuals being more predisposed towards rental housing. I truly believe that most of the college and trade school graduates in the past five years and… Read more

Existing home sales statistics for February 2013 were just released by the National Association of Realtors® (NAR), and the housing recovery is now close enough to reach a normal level of sales activity within the next 12 months. Existing home sales, on a seasonally adjusted… Read more

The National Association of Realtors® release on December 2012 housing sales and related data again illuminates the path of recovery of U.S. housing markets. While many would focus on the improving home prices, the story once again is how few homes are currently available for… Read more

As housing markets continue to recover, the story to be told is how quickly the supply of homes for sales is shrinking. And as inventory contracts, homes sell quicker and prices rise. That is exactly what is happening in many parts of the country. Realtor.com… Read more

The story behind the November 2012 existing home sales data is that the number of months of inventory was less than five months – the lowest since the market peaked in September 2005. Real estate economists generally contend that six months of inventory of existing… Read more

Frequently I am asked either what historical lending has been, or what total lending will be next year. Unlike the ebb and flows of the ocean tide, residential lending volume changes have been more akin to the wildest roller coaster ride in the world. And… Read more