Home prices in the U.S. have been skyrocketing since 2020, however, no matter how crazy they get, at least we aren’t Canada.
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Amazon news raises new recession red flag
Two significant things happened Friday: the BLS reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. Here’s the scoop on both.
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How healthy is the state of US homeownership?
The average age of first-time homebuyers in 2019 was 32, and the number of Americans in the range of 25-31 years was massive.
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March new home sales: the last positive revision for 2022?
The positive revisions on the new home sales report for March show that the housing data is still lagging behind the current market reality.
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The housing market is still savagely unhealthy
Hope for a balanced market is real this year because, with higher rates, we should see more days on the housing market coming up.
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Opinion: How GSE reform could create a healthier housing market
Ultimately, GSE reform is a partisan issue; generally, the left supports a transition to utilities and the right pushes for privatization.
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Housing completions held hostage by rising mortgage rates
Solid housing permits and starts for March don’t reflect the reality of a housing market dealing with higher mortgage rates.
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Opinion: Regulation of title fee rates is already rigorous
The title insurance industry is comprehensively regulated by state departments of insurance, the CFPB through RESPA, and more.
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What 5% mortgage rates mean for the housing market
How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.
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What would it take to crash the housing market?
If you’re looking for a housing crash, you will need to see a lot more total inventory and monthly supply data to skyrocket in a short time.
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