SUPPLY AND DEMAND IN HOUSING

Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply Read More

HOUSE PRICE BUBBLE ?????

House Price Bubble, Not Right Now These data are more compelling data points that home prices are not getting us back into bubble range. I agree with the argument FOR THE TIME BEING!!!!. What I mean by that is this. Essentially, home mortgage lending is a federal government monopoly. Almost Read More

MORTGAGE MYTHS

For the good and bad of it (and there is both a bad and good side to this), home mortgages require only 3% down and as low as a 580 FICO score to qualify. Great news for credit worthy but cash starved buyers; maybe bad news for the health of Read More

REAL ESTATE VALUES TODAY

Interesting and timely topic as people balance the risk of buying a house against the risk of another “BUBBLE COLLAPSE”, like we hit after 2007. Looking at the actual statistics gives a more calming picture. For example, in Delaware County, prices of single family houses peaked at an average price Read More

HOUSING BUBBLE ANYONE?

HOUSING BUBBLE, ARE WE HEADING FOR ANOTHER ONE OR NOT? This question is being asked with more force and frequency recently. Of course, no one really knows the answer because none of us has a crystal ball. However we do have data and that is the next best thing. Warren Read More