The once blistering growth in home prices is starting to slow down, but a new report from Trulia shows that home and rentals prices still outpace wage growth substantially, holding back many Americans. “There are still big barriers to homeownership,” says Trulia Chief Economist Jed Kolko. “Average wages per worker rose less than 1% in
LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. INVESTOR DEMAND SLOWS DOWN
AS THE BANKS CONTINUE TO OFFER MORE AND MORE LENDING OPPORTUNITIES FOR BUILDERS, THE INVESTORS WHO HAVE BEEN IN THE HOUSING MARKET GAME ARE BEGINNING TO LOOSE INTEREST. THE LOW TEENS RETURNS VS MID TO HIGH 20% RETURNS HAS INVESTORS SEEKING OUT ALTERNATIVE INVESTMENT OPPORTUNITIES. LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. The proportion of
WILL PRICE APPRECIATION REMAIN STRONG
Will home price appreciation remain strong in the face of modest job growth and the recent uptick in mortgage rates? Price appreciation is largely driven by the degree to which demand exceeds supply. While the best short-term measure of the housing demand/supply balance is months of supply of homes on the market, the best long-term
FED GIVES COMMUNITY BANKS A FEW BREAKS ON NEW CAPITAL RULES
The real test for Basel III Rule is whether the rule makes it easier or more difficult for banks to serve their customers,” said Frank Keating, president and CEO of the American Bankers Association. “If it makes it harder, that’s not what our still-recovering economy needs For immediate release The Federal Reserve Board on Tuesday
HALF WAY HOME: HOUSING RECOVERY CROSSES 50% MARK
Jed Kolko Trulias Chief Economists suggests that Trulia’s Housing Barometer leaps up again, with the housing market 51% back to normal in November Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.” We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the