Keeping The Money Flowing More Freely

A reader suggested a topic on the latest change in Washington. "What are the housing policy implications of turnover at the top of the FHFA?" From NPR. "Seven months after his was nominated, the U.S. Senate this week confirmed former Rep. Mel Watt, D-N.C., to head the agency that oversees Fannie...
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The Main Problem Is The Price

It's Friday desk clearing time for this blogger. "Booming housing markets in emerging Asia have pushed global residential property prices to a new peak, according to a repor. Consultancy Knight Frank’s global house price index rose 4.6 per cent over the 12 months to the end of September, taking it...
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A False Recovery In Housing

Bloomberg reports on California. "Jumbo loans, both adjustable and fixed-rate, increased by 34 percent to $216 billion in the first nine months of this year, with ARMs comprising the majority of the gain, said Guy Cecala, publisher of Inside Mortgage Finance. In early December, Jim Pietrocini...
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Reading The Writing On The Wall

The Toronto Star reports from Canada. "Canada’s three major condo markets — Toronto, Vancouver and Montreal — are expected to face some 'instability' over the next two years, says a new report written on behalf of realtor Royal LePage. There have also been growing rumblings that high rental demand...
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The Only Thing We Are Observing Is Speculation

The News Journal reports from Florida. "Seven years ago, just before the housing bubble burst, when someone bought a house in Volusia or Flagler counties, there was a good chance they were planning on living in it. Today, investors, not families, are buying most of the existing homes. Of more than...
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They Expect Buyers To Be Plentiful

A reader suggested a topic on QE. "Does anyone know the opportunity cost of quantitative easing to U.S. savers? I never hear much discussion of the wealth redistribution inherent in the Fed’s monetary policy, other than from my 80-something dad, who thinks the stock market and bond market are too...
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The Lessons We Could Have, Should Have Learned

It's Friday desk clearing time for this blogger. "The U.S. housing market appears to be cooling off and that’s not a bad thing, according to Zillow CEO Spencer Rascoff. 'The fact that the housing market is starting to slow down' means the recovery is sustainable, he says. 'We had bounced too far...
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