Tag Archive for: housing supply

Nervous Homebuyers Taking Advantage of More Inventory; Surge in Contracts

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We recently had a very nervous homebuyer (a single mom) come back to the market after sitting on the sidelines for about a year. This is despite the fact that […]Read More

Household Formations EXCEED Home Completions (GREAT NEWS FOR NERVOUS HOMEBUYERS)

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The media loves to beat the “Housing Crash Coming Soon” drums! And that, unfortunately, is keeping all too many homebuyers on the sidelines – for no reason! As a result, […]Read More

No Building + Growing Population = Strong Housing Market EVEN IF RATES ARE AT 6%!

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There were about 2.3 million new homes constructed in 1973 – a number we have not seen since. This is not that big of a deal until you remember that the entire population of the U.S. was only about 211 million (compared to 332 million now). Over the last year, we have built about 1.3 million homes, when, again, the U.S. population was over 330 million!Read More

Fastest Rate Increase Since 1981; Will Recession Lower Rates?

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The Fed has engineered the fastest increase in mortgage rates since 1981 – as rates have nearly doubled over the last several months. And, interestingly, housing continues to appreciate for the usual reasons we cite often: (1) inventory remains at record low levels primarily due to a lack of building, not demand, since 2008; (2) demand remains stronger than ever primarily as a result of demographics or millennials hitting homebuying age; and (3) affordability has not been affected as much as people think because incomes have risen with inflation.Read More

Loans Just Got Tougher For the Self-Employed; Low Supply Keeping Prices Up

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LOW SUPPLY/PENT UP DEMAND KEEPING PRICES UP Keith Robinson, Chief Strategy Officer of NextHome, pointed out in a post last week that there are about 30% fewer listings on the […]Read More

Home Values – This Ain’t 2008! WHY? Inventory and Demographics

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I was interviewed yesterday by a prominent financial reporter who is, for obvious reasons, mired in the very “news” I suggested avoiding in my Wednesday Blog. B/c she is so […]Read More