Mortgage Rates Are Pushing U.S. Homes Out of Reach

This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it harder for move-up buyers to sell, and the slowdown ripples […]

manager No Comments October 30, 2018 3:07 pm

US:How Healthy Is Housing?

For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]

manager No Comments June 19, 2015 7:08 am