A summary of last month in 2 charts:
1. Prices eased off
2. But months-of-inventory remains low, and supportive of somewhat
higher prices. Unless that changes, I wouldn’t expect anything like
the price decline we saw at this time last year:
More graphs below!
Thanks for the update. It
Thanks for the update. It does seem last year’s stat and price drops around this time were solely based on the interest rate increase. We’ve since backpedaled on that and we do see this softening but it’s not like last year where no one was putting offers for a good month on anything. (well except me of course, lol. sadly my lowballs didn’t catch)
WRT to market prices for
WRT to market prices for residential RE,… thought this was interesting
Why the 2008 Housing Crisis Recovery Is Just an Illusion (w/ Keith Jurow)
http://www.youtube.com/watch?v=GFkkN2M3Y3c
Trump admin enticing banks to
Trump admin enticing banks to make more FHA loans.
https://www.reuters.com/article/us-usa-housing-banks/trump-administration-eases-risks-for-banks-on-false-lending-claims-idUSKBN1X723A
These are 3% down loans to borrowers with lower incomes and credit scores.
3% down has been a thing for
3% down has been a thing for a while, started again after Mel “the Skell” Watt took over FHFA.