Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $20,747
23%  
Woo hoo!! And the first 23% is in!! Thank you all very much for your continuing support!!

Keyword: housingmarket

Brevity: Headers | « Text »
  • California to Take Over Housing Market

    03/11/2018 6:03:30 AM PDT · by Kaslin · 37 replies
    Townhall.com ^ | March 11, 2018 | Bruce Bialosky
    The California Legislature passed many bills this past session that were signed into law which gave the government greater control of the housing market. This is a perfect example of invasive government creating a problem, blaming others for the problem and then creating even more rules to destroy the market even further. The cost of housing in California is certainly a problem. The Business Insider identified that 18 of the top 25 most-costly housing markets in the U.S. are in California, with all of the top 10 being in the state. In a recent study by UC Berkeley, 56% of...
  • U.S. Home Flipping Rate Plateaus in Q2 2017 Flipping Returns Decline for 3rd Consecutive Quarter

    09/14/2017 6:49:17 PM PDT · by SeekAndFind · 7 replies
    Rate Up in 53 Percent of Local Markets Led by Metros in Louisiana, New York, Alabama;Dollar Volume of Flipper Financing Rises to Nearly 10-Year High of $4.4 BillionIRVINE, Calif. – Sept. 14, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 U.S. Home Flipping Report, which shows that 53,638 single family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter. The home flipping rate of 5.6 percent in Q2 2017 was down from 6.9...
  • Conflicting Visions

    08/02/2017 7:21:10 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 2, 2017 | Walter E. Williams
    For the most part, people share common goals. Most of us want poor people to enjoy higher standards of living, greater traffic safety, more world peace, greater racial harmony, cleaner air and water, and less crime. Despite the fact that people have common goals, we often see them grouped into contentious factions, fighting tooth and nail to promote polar opposite government policies in the name of achieving a commonly held goal. The conflict is centered around the means to achieve goals rather than the goals themselves. The policies that become law often have the unintended consequence of sabotaging the achievement...
  • US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers"

    11/28/2016 10:41:10 AM PST · by Lorianne · 53 replies
    Zero Hedge ^ | 27 November 2016 | Tyler Durden
    While rising treasury yields may be music to the ears of savers who have been crushed by low interest rates over the past 7 years, they're a bit of downer for the overwhelming majority of Americans that have been funding their lavish lifestyles with cheap debt. Yes, sadly the days of upgrading to the $65,000 luxury car despite a $40,000 annual salary, because you can "afford it" so long as you can cover the low monthly payments courtesy of 7-year terms and low interest rates, may finally be coming to an end. But auto OEM's aren't the only ones about...
  • US Homeownership Rate Crashes To Lowest Since 1965

    07/28/2016 9:00:33 AM PDT · by Rockitz · 27 replies
    ZeroHedge.com ^ | 28 July 2016 | Tyler Durden
    In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents' basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest "Housing Vacancies and Homeownership" report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going...
  • Are the Clintons the Real Housing Crash Villains?

    05/29/2016 7:41:31 AM PDT · by Kaslin · 44 replies
    Townhall.com ^ | May 29, 2016 | Larry Kudlow
    Editor's note: This column was co-authored by Stephen Moore. We are going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high. It turns out that Donald Trump has been very, very good at buying low and selling high, and it helps account for his amazing business success. But now Hillary Clinton seems to think it's a crime. Campaigning in California last week she wailed that Trump actually said he was hoping for the...
  • Will Govt Regulation Kill The Housing Market Again?

    05/20/2016 4:55:40 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | 5/19/2016 | Editorial
    Housing: Seemingly everyone applauds the recent surge in home prices as a positive sign for the economy. But, in fact, it isnt. If anything, its a sign the federal government still hasnt learned its lesson about excessive regulation. While prices for homes have surged in recent years, theyve done so thanks mainly to federal regulations put in place after the financial crisis. Low interest rates engineered by the Fed to stimulate the economy have fueled a surge in demand, driving prices up sharply. And federal regulations continue to require mortgage lenders to make risky home loans based on race and...
  • Miami real estate is melting down

    04/18/2016 6:07:57 PM PDT · by george76 · 23 replies
    CNBC ^ | 14 Apr 2016 | Robert Frank
    The Miami real estate slowdown is becoming a meltdown with the most expensive areas getting hit hardest. The number of sales and prices in posh Miami Beach home to many of the city's most expensive and highest-profile properties fell during the first quarter, according to a new report. Meanwhile, inventory soared by roughly a third compared with the prior-year quarter. The report, released Thursday by Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants, found the average sale price in Miami Beach and the nearby Barrier Islands fell 7.5 percent year over year to $905,252. The...
  • The Government Boldly Just Set Up Another Real Estate Meltdown

    01/13/2016 9:02:03 AM PST · by Kaslin · 18 replies
    Townhall.com ^ | January 13, 2016 | Michael Hausam
    Fannie Mae, the federally sanctioned mortgage giant, has just announced a new program that shows that they learned absolutely nothing from the last real estate meltdown. This new program, called "HomeReady" in a fit of hopeful and wishful thinking, reduces loan underwriting standards. It's designed to allow "underserved" individuals the opportunity to buy a home - focused primarily on low-income and minority borrowers. Other than the last group of under qualified borrower-friendly loans and regulations from the mid-2000s, it's the stupidest real estate loan idea that I've ever seen. The new loan "features" reduced credit score requirements and allows borrowed...
  • The Next Bubble

    04/01/2015 7:35:03 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | April 1, 2015 | John Stossel
    They're doing it again! When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as 3 percent. "It will work out," said the optimistic bankers. Regulators didn't disagree. Everyone said, "Home prices will keep going up." And home prices did -- until they didn't. The bubble popped in 2007. Lots of people were hurt, and politicians took more of your tax money to bail out Fannie Mae and Freddie Mac along with reckless banks. They also gave the Federal Housing Administration...
  • Wishful Thinking: "Strong Growth" to Propel Housing Read

    03/31/2015 11:59:22 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 31, 2015 | Mike Shedlock
    CoreLogic chief economist Dr. Frank Nothaft says Strong Economic Growth To Propel US Housing Market in 2015. The U.S. economy is poised to grow by close to 3 percent in 2015, generating a 3- to 3.5-million-person gain in employment. This job growth, coupled with very low mortgage interest rates and some easing in credit access, is expected to propel both owner-occupant and rental housing activity this year. This heightened level of housing demand should translate to the best home sales market in eight years, a projected rise of about 5-6 percent in the national CoreLogic Home Price Index (HPI) and...
  • Foreclosures skyrocket, jump 100 percent in Phoenix, Arizona

    02/12/2015 9:12:47 AM PST · by george76 · 30 replies
    Phoenix Business Journal ^ | Feb 11, 2015 | Mike Sunnucks
    There were more than 2,300 homes and condos in the foreclosure process last month. That is up 104 percent from December. Statewide that increase is 109 percent from January 2014. The jump in foreclosures comes as the Phoenix housing market tries to shake off a slow 2014 where low demand for homes and tough mortgage qualifications stymied sales. Foreclosure activity was also up in states such as Ohio, New Jersey, Maryland and California and metropolitan areas such as St. Louis, Los Angeles and San Francisco. The worst cities for foreclosures include Atlantic City, Las Vegas and eight Florida markets including...
  • Government Created the Housing Bubble and Financial Crisis -- and Could Be Doing so Again

    01/20/2015 4:31:00 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | January 20, 2015 | Michael Barone
    What caused the financial crisis? How can we prevent another one from happening again? The answers you most often hear to those questions are (1) greed and deregulation and (2) the Dodd-Frank law. But they're patently inadequate. Greed -- or the desire for monetary gain -- has always been with us and always will be. And no one has convincingly linked financial deregulation to the crisis. Dodd-Frank, enacted to increase regulation, confers too-big-to-fail status on very large financial institutions, which incentivizes unduly risky behavior and penalizes smaller competitors. The real problem was housing finance, argues my American Enterprise Institute colleague...
  • Overpay or Be Shut Out; Home "Ownership" Slavery

    08/13/2014 4:55:48 PM PDT · by Kaslin · 34 replies
    Townhall.com ^ | August 13, 2014 | Mike Shedlock
    Supply of homes at the bottom-third of the market is down 17 percent from a year ago. Meanwhile the top-third home supply is up 15 percent while the middle is up a modest 3 percent according to Redfin. The bottom third is anything priced below $198,000. But $150,000 or $200,000 does not buy in terms of size and location what it did just a few years ago. Overpay or Be Shut Out So once again, first-time buyers face the question "overpay or be shut out?" And once again it appears many make a very poor choice.
  • Downside of low US mortgage rates? Less selling

    07/11/2014 8:04:33 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul 11, 2014 9:37 AM EDT | Christopher S. Rugaber
    Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to a percentage point higher. Their monthly payments would be larger even for a house of the same price. Thats discouraging some people from selling, thereby limiting the supply of available homes and contributing to slower home sales.
  • Zillow Study Shows 1 In 3 Homes Are Unaffordable, But Vacation-Home Sales Are Soaring

    04/06/2014 10:19:04 PM PDT · by Nachum · 28 replies
    zero hedge ^ | 4/5/14 | tyler durden
    In a further demonstration of the socially destructive and ever widening gap between the haves and have nots, we see that the affluent are buying second homes at an ever increasing clip (up 30% last year), while first home buyers recede into the abyss as private equity and Chinese buyers make purchasing a home unaffordable for the average American. Specifically, a recent study from Zillow showed that more than half the homes in seven major American cities are unaffordable based on historical standards. Those cities are: Miami, Los Angeles, San Diego, San Francisco, Denver, San Jose and Portland, Ore. Nationwide,...
  • African-Americans squeezed out of the housing market

    01/27/2014 10:48:32 AM PST · by rightwingintelligentsia · 69 replies
    CNN Money ^ | January 27, 2014 | Les Christie
    More African-Americans are being squeezed out of the housing market. Not only are they less likely to apply for a mortgage than any other ethnic group, but African-Americans are also 2.4 times more likely to get denied a mortgage than Whites, a recent study conducted by Zillow and the National Urban League found.
  • Can immigration reform transform the housing market?

    12/10/2013 6:22:52 AM PST · by jimbo123 · 25 replies
    The Hill ^ | 12/10/13 | Ed Brady, Henry Cisneros, Mel Martinez
    As Congress restarts conversations about the federal budget and deficit reduction, the immigration reform debate is still front and center for many. As that debate unfolds, it is important to put some hard facts on the table. What are the costs and benefits of reform? What impact will reform have on economic growth and wages? How will immigration reform affect the federal budget? A new study by the Bipartisan Policy Center Immigration Task Force found the evidence suggests that immigration reform can produce significant economic dividends for our country. -snip- A major finding of the study is that immigration reform...
  • Hundreds of Tortoises to Be Snuffed Out by Their Saviors

    08/27/2013 5:30:07 PM PDT · by kevcol · 60 replies
    Yahoo News ^ | August 27, 2013 | Anna Hess
    The sheltered existence of hundreds of desert tortoises will come to a sad and tragic end in early 2014. A lack of funds at The Desert Tortoise Conservation Center, located outside Las Vegas, Nevada, will cause the sanctuary to close its doors and euthanize about half of its 1,400 tortoise residents, reports the Associated Press. The facility was created in 1990 when the overdevelopmentnamely McMansions, solar plants, and strip mallsof the turtles' native habitats caused the critters to be put on the endangered species list. The center previously upheld a $1 million annual budget, mostly fueled by "raking in funds...
  • This Will Leave a Mark: More Bi-Partisan "Reform"

    07/03/2013 5:35:08 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | July 3, 2013 | John Ransom
    The economy today, in this Fourth of July week for 2013, waits in breathless anticipation of our newest declaration of dependence. Sometime this week, jobs data, housing data and some other data export manufactured by the federal government will result in someone, somewhere- perhaps even in the stock market- doing something. And when that happens regulators, media mavens, talking heads, politicians, special interests, and Mayor Bloomberg, will all say with the pride of a collective: See? We did that, as if nothing would happen without the beneficent government first allowing it. So it goes today in the United States Senate,...