Monday, January 28, 2013

Housing Market’s Future Still Has Many Clouds - NYTimes.com

Housing Market’s Future Still Has Many Clouds - NYTimes.com
History doesn’t suggest that another big bubble will come so fast. In fact, before the most recent one, the United States had had only one major national home price boom in the last century, when real prices rose a total of 68 percent from 1942 to 1953.
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As of December, the Zillow-Pulsenomics Home Price Expectations Survey, which involves more than 100 forecasters, and the S.& P. Case/Shiller Composite Index Futures were both forecasting modest increases for the next half-decade, implying inflation-adjusted price growth of 1 to 2 percent a year.


Inventory and the Low Equity/No Equity Homeowner | The Big Picture

Inventory and the Low Equity/No Equity Homeowner | The Big Picture
It is not “If we only had more houses, we could sell them.” Rather, its more of “The lack of equity is causing both a lack of homes for sale and a lack of potential new buyers.