Look instead at the 1978 to 1982 period for lessons
10%+ Nominal Price Declines Now Seem Likely
It is clear that over the next year house price growth will slow from the torrid 20% year-over-year (YoY) pace in February (and likely also in the March…
In a 2005 post, I included a graph of household mortgage debt as a percent of GDP. Several readers asked if I could update the graph. First, from…
Towards the end of each year, I collect some housing forecasts for the following year. For comparison, new home sales in 2022 will probably be around…
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. Some of these questions concern real estate (inventory, house…
Houses are the least “affordable” since 1982 when 30-year mortgage rates were over 14%
This is a market overview for mid-October
Early Look at the 2022 CPS/ASEC Household Data
This is a market overview for mid-July. First, two national mortgage lenders have recently closed: First Guaranty Mortgage Corp. and non-QM lender…
Completions Will Likely Increase Further in 2023
Expectations are the FOMC will announce a 50bp rate increase in the federal funds rate tomorrow and increase the "terminal rate" to 5-5.25%. However, it…