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Housing has been a productive and valuable sector since the 1950s. The mortgage finance system has enabled borrowers to get into housing with very competitive long-term, fixed-rate mortgages like no other nation on earth. We are and will remain the best housed nation on the planet.
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America’s housing stock looks very good relative to housing in all of the other countries, according to a recent study, Demographia International Housing Affordability Survey: 2011.
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Before the housing bubble exploded in 2005, there were about 100,000 foreclosure filings in the U.S. Since 2006, however, there are reportedly over 9 million and counting.
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Land Lines, a quarterly publication of the Lincoln Institute of Land Policy, recently summarized several aspects of the U.S. housing market all on a single page.
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There is something happening in many housing markets which has been absent for the past several years. Buyers are growing more confident that prices have bottomed out or will do so soon.
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There's renewed interest in America’s housing markets according to a recent Wall Street Journal’s (Feb. 8, 2011) lead article. Thinking that prices cannot fall much further, purchasers are “breathing life into some of the nation’s most battered housing markets.”
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In recent years, the housing market has become an uncertain sector in terms of predictions. The data shows the impact of the so-called “double dip” in house prices many commentators have predicted. Yet, such a decline is clearly thought to be short-lived, at least in Pennsylvania. There is considerable reason for optimism.
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Lately, it has become quite popular to hear about groups of small investors coming to the U.S. to preview foreclosed houses, selling at deep discounts. The investors must be prepared to repair and remodel the houses as needed. When ready, they lease and manage the homes via their own property management firms in the...
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The role of housing in the economic recovery was addressed in a presentation by Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston in January. Rosengren’s speech highlighted two questions associated with the economic future of the nation.
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Thursday, May. 17, 2012
