Do you remember the housing frenzy in 2021 and 2022 when people were making cash offers for homes without inspections or contingencies, and in some cases, sight unseen? Since the onset of Covid-19, home prices have risen 58% with the median existing home...
Zillow recently published several interesting articles that provide valuable perspective on the age-old question of the wisdom of buying a home versus renting. Of course, there are lifestyle and psychic benefits to home ownership, but it turns out that the question of whether...
Most Americans have more than a casual interest in the price of their home given that home equity represents 45% of the median homeowner’s net worth. Thanks to Nobel Prize winner Robert Shiller, we have home price data from 1890 onward although I...
My 2024 white paper on internal migration in the U.S. detailed the ongoing shift in population from California, the Upper Midwest, and the Northeast to the Southeast, Florida, Texas, and several other Southwestern states. I ended with the caution that Americans were moving...
I have written a number of blogs regarding the difficulty that younger people have in entering the housing market because of high home prices and interest rates. Well, real estate data source Attom Data Solutions just reported that home affordability reached the lowest...
A key element in our recent economic discussions has been the mechanism by which the FED’s interest rate increases are expected to slow the economy, and ultimately, inflation. This process is best described by the acronym HOPE. The first sector of the economy...
