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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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.
Read more »
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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Many in the real estate industry continue to hope that house prices will begin to appreciate once again after three years of rapid and persistent declines. Initially, only the “sand markets” were hard hit; now the median price decline is about 30 percent nationally. In Pennsylvania, we’re fortunate that the typical declines have been...
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Housing and the macroeconomy are intertwined once again. During the recent high appreciation years for housing, we often observed housing and the general economy going their separate ways. We now see the more traditional relationship has been restored.
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Once upon a time in a land which seems far, far away, households scrimped and saved often just enough money for a minimal down payment to purchase their own homes, just as their parents had done before them.
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Tuesday, Feb. 7, 2012
