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 [...]
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” [...]
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 [...]