Mandates effect on real estate values
Mandates effect on real estate values
We are witnessing in real time the collapse of small business, small enterprise, real estate and peoples lives.
We are witnessing segregation being reborn in America. We are witnessing crime hit levels that we have never seen in our lifetimes and my fear is that this is just the beginning. Read more
Real Estate Red Flags – Wealthy Selling Their Property
Real Estate Red Flags – Wealthy Selling Their Property – Going into Rentals
The local markets are very different, so it is impossible to make a general conclusion. The FED’s data shows that the number of houses for sale on the market is increasing, so the shortage of homes for sale may be near an end. Read more
Is there a Housing Shortage?
Housing Shortage?
Is America short 5 MILLION Homes as reported in new data from the National Association of Realtors and Realtor.com?
The US Housing Market looks like it’s in a massive Bubble in September 2021. Home list prices, prices adjusted for inflation, and appreciation are all at all-time highs. With home buyers and real estate investors priced out of the market many are now wondering if there will be a big Housing Crash. Read more
Banks See Housing Bubble
Housing Bubble
The housing market has had an absolutely crazy time over the last year.
When the virus hit, the world panicked, governments shut their countries down, real estate agents were banned from showing houses, millions lost their jobs and the consensus amongst pretty much everyone was that a housing market crash was imminent. Read more
Housing Crash 2021
Housing Crash 2021
Price declines are around the corner. Home buyers and real estate investors across the country should track the progress of Boise to understand what will happen across the country in six months. Inventory and active listings are way down across the US over the last year. -25% in the typical market.
Some of the areas with the biggest declines in inventory are in the Southeast – particularly Raleigh, Tampa, and Nashville. But some areas have experienced an inventory SURGE. In particular, Boise, Idaho has had a +34% increase of inventory over the last 12 months. No other metro is even close.
Home Prices
Home Prices – S&P CoreLogic Case-Shiller YEAR-OVER-YEARÂ
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 14.6% annual gain in April, up from 13.3% in the previous month. The 10-City Composite annual increase came in at 14.4%, up from 12.9% in the previous month. The 20-City Composite posted a 14.9% year-over-year gain, up from 13.4% in the previous month.
Phoenix, San Diego, and Seattle reported the highest year-over-year gains among the 20 cities in April. Phoenix led the way with a 22.3% year-over-year price increase, followed by San Diego with a 21.6% increase and Seattle with a 20.2% increase. All 20 cities reported higher price increases in the year ending April 2021 versus the year ending March 2021. Read more
Housing Market – Lumber Price Crash
Housing Market – Lumber Price Crash
This is a great informative video just published today. For my new readers, I’d like to note, that I pointed this out as one of my major red flags for calling a top in the U.S. housing market back on June 17, 2001 ( https://www.brokerforyou.com/brokerforyou/real-estate-market-bust/ ). As this current video points out, it’s the same factors that caused the huge spike in lumber prices and now the crash of lumber prices, that have affected our housing prices. Also, as I pointed out, housing prices move very slowly, they not like the lumber futures market or the stock market, where you can have major moves in a couple of hours or a day or two, housing price trends always takes a couple of months to reflect the real trend or change in direction.
Ever since I called the top of the real estate market last month I see absolutely no factors that would cause me to change my opinion. Actually, I put off my search for a retirement home up in Prescott Arizona, because I am convinced that a year from now prices will be substantially lower than where they are today!
California Home Prices Increase
California Home Prices Increase
Right now, there’s a concern that 2.5 million homeowners are still in forbearance, meaning – they’re not making their payments and they’re protected from foreclosure…there’s a surplus of tenants who are unable to pay their rent…and the worry is that, IF evictions and foreclosures were to all happen at once – that would cause sudden and drastic economic hardship to millions of people, and that – in turn – would be detrimental to the entire economy. So, in an effort to provide people with enough runway to get back on their feet – a new proposal was issued from the consumer financial protection bureau to be effective on August 31, 2021….and here is what this would entail: Read more
Annual Home Price Gains Soared To 7% In September
Annual Home Price Gains
Annual Home Price Gains jump
Biggest spike in September in the last 6 years.
S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for September 2020 show that home prices continue to increase across the U.S..
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 7.0% annual gain in September, up from 5.8% in the previous month. The 10-City Composite annual increase came in at 6.2%, up from 4.9% in the previous month. The 20-City Composite posted a 6.6% year-over-year gain, up from 5.3% in the previous month.
Phoenix, Seattle and San Diego continued to report the highest year-over-year gains among the 19 cities (excluding Detroit) in September. Phoenix led the way with an 11.4% year-over-year price increase, followed by Seattle with a 10.1% increase and San Diego with a 9.5% increase. All 19 cities reported higher price increases in the year ending September 2020 versus the year ending August 2020. Read more