Consumers May Be Experiencing Sticker Shock

The Salt Lake Tribune reports from Utah. "A top Utah economist predicts Salt Lake County's real estate markets will see a healthy 2015, even as the U.S. Federal Reserve is signaling a possible hike in interest rates. Residential sales in the county are projected to rise by 7 percent this year and...
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Debt, Prices, And A Self-Augmenting Spiral

It's Friday desk clearing time for this blogger. "San Jose and San Francisco lead the nation in house flipping, according to Trulia, but the best days for making a profit may be over as price gains slow. Glenn Polf of Diversified Ventures Group in San Ramon said his group bought a house in East...
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Ultimately, There Was A Fever

Bloomberg reports on California. "As the key spring U.S. homeselling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue. Dwayne Saunders purchased a house in Eastvale, California, in December, paying $450,000 after builder D.R. Horton Inc. cut the price...
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Investors Counting On A Rising Market

The Sylva Herald reports from North Carolina. "Modern safety features; extra beds Western Carolina University can’t afford; investor money flowing into the local economy – there’s a punch list of benefits from the student-housing boom that added half again as many beds in a three-year frenzy. Some...
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Everyone Thought The Movie Would Never End

A report from the South China Morning Post. "Offshore bond sales by mainland property developers have stalled in January as rising investor fears of a flurry of debt defaults have junked one of the usually busiest months of the year for real estate issuance. With an estimated US$10 billion in...
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Nowhere Near The Frenzy

The Detroit Free Press reports from Michigan. "Recently disclosed e-mails and documents give the clearest evidence yet that high-level banking officials pushed subprime mortgage loans knowing some Detroiters couldn't pay them. The new documents were revealed in a potential class action by...
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Once You Start Deflating A Bubble...

This is a weekend topic on the effects of Fannie Mae, Freddie Mac, the Federal Reserve's bond ownership and deflation. From the CBO's report, WARNING PDF. "Outlays increased for several major categories of spending: Outlays rose for the each of the three largest mandatory programs: Medicare,by $18...
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A Bubble Means Price Increases For Nothing

It's Friday desk clearing time for this blogger. "Last week, Lawrence Yun, chief economist for the National Association of Realtors, made an appearance before real estate professionals gathered for a meeting of the Greater Tampa Association of Realtors. He offered plenty of food for thought about...
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The Past Two Years Was Not Reality

The Bismark Tribune reports from North Dakota. "Members of the Bismarck-Mandan Board of Realtors say the community's housing market is less frantic than it was two years ago. Previously, Kristin Oban, president of the Bismarck-Mandan Board of Realtors, may have called clients in the morning when a...
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