This report was first published as part of the Mortgage Pages series on August 11, 2009. – Affordability is the Housing Market’s Red Herring – Ultimate Affordability-Through-Leverage From 2000 – 2009 – Median House Prices & Monthly Payment Affordability From 2000 – 2009 – Ready Home-Buyer Population Considerably Smaller than Ever Before – Jumbo Affordability [...]

10-24 Existing Home Sales Reality

by Mark on October 24, 2009

Yesterday’s Existing Home Sales number made for good headlines but there was little else to cheer about. In fact, sales once again are following a very predictable seasonal pattern despite massive stimuli being thrown at the market and were down 5.2% from August. This reality is in stark contrast to the “9.5% surge over August” [...]

10-13 Inside Existing Home Sales

by Mark on October 13, 2009

This report was first published as part of The Mortgage Pages research series on 9/24/09. In light of new housing reports coming out for September, which can have market-moving implications –and from early indications should be rather confusing to many — I thought it would be timely to publish my thoughts on last months results [...]

Dear Readers, This report was first published as part of the Mortgage Pages research series on 9/13/09. I have researched and written about the new-era housing market and its unprecedented dynamics since mid-2006. Many of you know, I have done extensive reports on shadow inventory the entire time because it is such a significant and [...]