MacroMarkets June 2010 Home Price Expectations Survey

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 … Read moreMacroMarkets June 2010 Home Price Expectations Survey

MacroMarkets Home Price Expectations Survey

On May 19 The Wall Street Journal had an article about a new housing survey called the MacroMarkets Home Price Expectations Survey. From the 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 … Read moreMacroMarkets Home Price Expectations Survey

Characteristics Of The Housing Bubble

Given the incredibly outsized intervention efforts in the residential real estate market, I think it is important to examine some dynamics of the real estate bubble. Here is a chart from the 12/15/09 Contrary Investor commentary that I believe is interesting, as it depicts some underlying residential real estate fundamentals.  It shows the equity and mortgage … Read moreCharacteristics Of The Housing Bubble

Ben Bernanke’s January 3rd Speech

I would like to make a couple of comments regarding the speech Ben Bernanke gave on January 3.  It was titled “Monetary Policy and The Housing Bubble.” (pdf) I could make a significant amount of comments regarding this speech, as I partly or fully disagree with many of the points presented. I will, however, briefly comment … Read moreBen Bernanke’s January 3rd Speech