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...
My early 2024 white paper Office Real Estate at a Crossroads flashed a yellow caution light based on possible commercial real estate mortgage defaults and their impact on regional banks and investors. At that time, the office vacancy rate had risen to 19.6%...
Many of my posts have chronicled the soaring cost of housing and resulting difficulty that many people face in acquiring a home. The problem is particularly acute for first time buyers, 49% of whom report requiring family assistance to make the necessary down...
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 recent blog, Unaffordable, focused on the ratio of the median home price to average household income which rose from 3.5 in 1985 to 5.8 today making homeownership increasingly unattainable for many. I recently came across data illustrating that this problem is particularly...
