America's Economic Future – A Discussion By Ted Kavadas
There has been much written as to the future of residential real estate prices. The consensus appears to be for very slight appreciation for years. This consensus is echoed in the MacroMarkets September 2010 Home Price Expectations Survey Press Release (pdf). Here is a chart from that survey that shows the past history (green line) …
On September 21 MacroMarkets released its September Home Price Expectations Survey results. Here is the Press Release (pdf); the accompanying chart is seen below: As one can see from the above chart, the expectation is that not only has the residential real estate market hit a “bottom” as far as pricing; but that steady yet …
The Boston Federal Reserve recently came out with a report dated August 12 titled “Reasonable People Did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash.” (pdf) A sentence from the abstract is particularly interesting: “We conclude by arguing that economic theory provides little guidance as to what should be the “correct” …
On Wednesday (June 23) MacroMarkets released its June Home Price Expectations Survey results. Here is the Press Release (pdf); the accompanying chart is seen below: As one can see from the above chart, the expectation is that not only has the residential real estate market hit a “bottom” as far as pricing; but that steady …
I found this MacroMarkets web page to be an interesting characterization of the U.S. residential real estate market. Here is an excerpt: “With an aggregate capital value of $16.6 trillion at the end of 2009, real property owned by United States households comprises the largest real estate marketplace – and one of the largest asset …
On May 19 The Wall Street Journal had an article about a new housing survey called the MacroMarkets Home Price Expectations Survey. From the MacroMarkets.com website: “MacroMarkets has assembled a distinguished panel of over 100 economists, investment strategists, and housing market analysts who are surveyed every month regarding their 5-year expectations for future home prices …
On April 23, chartoftheday.com had an interesting chart, shown below, that compares the median home price vs. the price of Gold: Traditionally, houses have been viewed as “hard assets.” However, as one can see above, their recent (from a long-term historical perspective) price pattern seems more geared to that of a “paper asset” – i.e. …
Saturday’s Wall Street Journal chronicles the latest housing intervention plan in a story titled “Mortgage Plan Remodeled Again.” I have written extensively about the residential real estate problems and dynamics thereof. It strongly appears as if we, as a nation, have come to a place where there is hardly a real estate intervention that we …
One of the commonly stated reasons for buying a home now, as opposed to renting, is that “I can own (a home) cheaper than I can rent.” This is no doubt the case in many areas of the country, especially those that have experienced large declines in residential real estate prices. Is this condition, where …
I came across an interesting Fortune Magazine story dated February 16 titled “Where’s housing headed? Follow rents.” The link can be found here. Of course, given my previous posts on residential real estate I don’t agree with many aspects of the story, especially the statement “Given that analysis, it’s likely that prices will fall another …