Housing Archive

Bloomberg: Apartment vacancy unchanged, rents rise

The drop in housing starts may be keeping the rental market tight, as about a 80,000 fewer new units are being built each month. U.S. Apartment Vacancy Unchanged at 5.9 Percent, Rents Increase ...Read More

Re: Alt A downgrades

[Skip to the end] (An email exchange) On Wed, Jun 4, 2008 at 12:57 AM, Eric wrote: >     I guess you have seen this article. > >      Primes going down too. > > >      More generally look at the attached graphs, they suggest that IOs and other >      exotic ...Read More

Data Review

thanks, a few quips below: Karim writes: Conference Board survey falls from 62.8 to 57.2 (lowest since 1992) Both present situation and expectations decline Labor conditions, plans to buy home and plans to buy auto all fall to new cycle lows Tough living in an export economy. 1yr inflation expectations jump from ...Read More

Bloomberg: New-Home Sales in the U.S. Rose 3.3% to 526,000 Pace

Looking more like a bottom with every report. And most housing reports are ‘fighting’ some strong seasonals in the spring. by Shobhana Chandra (Bloomberg) New-home sales in the U.S. unexpectedly rose in April after readings for the prior month were revised down, signaling a worsening housing slump is still a threat to ...Read More

Homes in inventory

Homes in Inventory Looks like a lot of additional homes for sale hit the market all at once. ...Read More

OFHEO Home Price Index

[Skip to the end] OFHEO Home Price Index Yes, down a touch for the quarter, but overall looks like it’s flattened out but certainly not collapsed as headlines indicate. [top] ...Read More

AP: California home sales up big

Just annecdotal, but guaranteed that if they were down that much it would be all over the news: Home sales in California jump nearly 27 percent by Jordan Robertson SAN JOSE, Calif. (AP) – Home sales in California jumped nearly 27 percent from March to April as bargain hunters found it easier ...Read More

Associated Press: Forclosures FALL 4% in February

Note the fact that foreclosures went down a tad in February versus January is buried at the end of the article. Number of US homes facing foreclosure jumps nearly 60 percent in February by Alex Veiga (AP) Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month ...Read More

CNBC: home buyers have an incentive to delay

You can save about 100 bps by waiting for the extended limits for jumbos to kick in: Hurdles for Jumbo Borrowers by Jennifer Woods For starters, if you’re looking in certain high-cost metropolitan areas such as New York, Los Angeles, Boston or San Francisco, you may want to sit tight for a ...Read More

OER versus home prices

Unless home prices fall quite a bit more there will still be upward pressure on OER (owner equivalent rents), a major component of core CPI. ...Read More