A Shift In Relative Value?

Readers raised the question of a change emerging in housing markets. "Is the difference between limited bubble deflation in New York City and a few other cities relative to the rest of the country indicative of a shift in relative value? Of is the relatively low amount of cash out refi, HELOC and...
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Local Market Observations

What do you see in your housing market this weekend? Statistics? "For houses selling for $400,000 and above, there is a 10 to 20 month supply, depending on the price. For houses in Chittenden County selling for more than $650,000, it’s 20 months. In an ironic twist, Maura Collins, policy and...
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How Equity Became A Household Word

Readers suggested a topic on debt and lifestyle. "Given that incomes for most quartiles has been flat in real terms over the past few decades, why have people borrowed and then spent as if their incomes were growing? We wouldn’t be in as big a mess as we are now if everybody simply lived within...
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It Used To Be So Much Fun

It's Friday desk clearing time for this blogger. "Just a couple of years ago, Lisa and Laura (names changed for privacy) had moved back to Sarasota, Florida from Nashville, Tennessee at the height of the housing market boom, and rented an apartment just long enough to decide they wanted to own...
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A Deep Funk In California

A report from the Bakersfield Californian. "The price of an existing single-family home in the Bakersfield area rose 5.6 percent to $133,000 from April to May, which could be a sign that Bakersfield will escape the double dip housing recession that has befallen much of the nation. 'I don't want to...
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Those Dummies That Should Have Known Better

The St. Augustine Record reports from Florida. "A leading national economist said Friday that the St. Augustine housing market is recovering. 'Locally, the market is beginning to stabilize,' Lawrence Yun, National Association of Realtors chief economist and senior vice president of research, told...
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Returning To A Normal Everything

Readers suggested a topic on changing house styles. "I think we need a new type of house, I say a show on TV about Japanese preform homes built in a factory and set up on location, very nice and no they were not crappy mobile homes. In Phoenix I saw roof truss ( I think that's what they are called...
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Local Market Observations

What do you see in your housing market this weekend? Auctions? "The foreclosure of the Base Village properties in Snowmass Village, most recently scheduled for June 1, has been postponed once again, marking the eighth time the sale date has been moved, according to Tiffany Wancura of the Pitkin...
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Living In A New Reality

It's Friday desk clearing time for this blogger. "The housing malaise is in large part responsible for the consumer malaise. Houses have been the largest and most visible economic assets for Americans. We don’t save, so we 'invest' in houses and the appreciating value of our properties makes us...
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