Tag Archives: housing market

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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Another Obama Stimulus For The Housing Market

This one appears to have as much chance for success as his previous plans — tiny! The more the government intervenes in the housing market, the more it mucks up the workings of the free market and delays the market … Continue reading

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Home Sales Decline 2.3% In August

We have record low mortgage interest rates. We have home prices off 30% from their highs in 2006. We’re in peak home buying season. And yet home sales keep falling month after month. We’re headed for the worst year in … Continue reading

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Will Obama’s Refi Plan Boost Economy?

Here’s a highly cited WSJ article analyzing the implications of the economy of the Obama refinance program. The boost to the economy will be small. Just as the Obama job program is unlikely to boost the demand for workers in … Continue reading

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What Can Be Done To Boost Housing Market?

One popular suggestion is to make refinancing easier. How? The free market has a limited appetite for more home refinances because so many homes are underwater and bank standards for lending are so high. Libertarians and conservatives want less government … Continue reading

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Will Rising Interest Mean Lower High Prices?

No. Not really. Not necessarily. Just because mortgage interest rates rise, making homes less affordable for most potential buyers, that doesn’t mean home prices will crater. I think it is a good bet that home prices have another 10% to … Continue reading

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Housing Rebound Is Far Off

I haven’t heard any expert predict home values will rise overall in 2011. The next year will be the earliest we can expect a rebound. Meanwhile, bank lending standards and practices are easing. The AP says: The Realtors index showed … Continue reading

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Home Prices Rise Only In Seattle, Washington DC

Why are home prices rising in Washington D.C.? That’s easy. Because the government lives there and the government has been growing fat under the Democrats stimulus projects. As for the rest of the nation, it’s a disaster. According to the … Continue reading

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Forcing Banks To Keep A Skin In The Game Of Mortgage Lending

One of the causes of the last recession and housing crash that everyone agrees on is that many originators of mortgage loans had little incentive to see that such loans were repaid because they quickly sold such mortgages. They were … Continue reading

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