- Is Home Ownership a 20th century Idea?
Home ownership rates in the U.S. stood at 63.4% in the second quarter of 2015, continuing a downward trend in the sector over the last year or so. But more importantly, the rate of home ownership is getting close to historic lows.
- More Americans Are Renting, and Paying More, as Homeownership Falls
New York Times, 6/24/15
The nation’s homeownership rate has been falling for eight years, down to 63.7 percent in the first quarter of this year from a peak of over 69 percent in 2004, according to a new report by Harvard University’s Joint Center for Housing Studies.
- Where Are the Cities with Good Job Markets and Affordable Housing?
The online real estate database Zillow crunched numbers for job and wage growth alongside housing costs in the first quarter of 2015 to land on a “sweet spot” of affordable homes and healthy local economies.
- Strong Economic Growth To Propel US Housing Market in 2015
Low Rates, Job Growth will Likely Support Increases in Household Formations, Home Sales and Home Prices.
- In Tepid Housing Market, Builders Cater to Desires of Well-Off
New York Times, 2/24/15
Builders are turning to the wealthy as the most reliable market on which to place their bets.
- The Great American Dream, Still Deferred
New York Times, 2/7/15
The housing market has shown signs of life recently. Prices have risen, mortgage rates are very attractive and construction is reviving. But...
- Can Immigrants Save the Housing Market?
The Atlantic, 1/8/15
While some remain cynical about homeownership, the U.S.'s foreign-born population still regards it as a symbol of attaining the American Dream.
- Years After the Market Collapse, Sidelined Borrowers Return
New York Times, 10/22/14
Through the end of last year, only a tiny sliver of borrowers tarnished by foreclosures and short sales during the economic downturn had bought homes again, according to a study by Experian, one of the Big Three credit reporting bureaus.
- A California Dream: Not Having to Settle for Just One Bedroom
New York Times, 9/23/14
Cities across the state are grappling with a dwindling stock of housing that can be considered affordable for anyone but the wealthiest. In much of the state, a two-bedroom apartment or home is virtually impossible to acquire with anything less than a six-figure salary.
- In Home Loans, Subprime Fades as a Dirty Word
New York Times, 6/28/14
Despite the notoriety that subprime loans gained as a prime cause of the financial crisis, they are re-emerging, under much more careful control, as one answer to the tight lending standards that have shut out millions of would-be homeowners.
- Home Prices Start Easing, to the Relief of Experts
New York Times, 5/27/14
A steep gain in home prices in many markets that helped lift millions of Americans out of the red on their mortgages is now markedly slowing, with new data from the Standard & Poor’s/Case-Shiller national home price index on Tuesday showing that the annual growth in prices had eased in March to 10.3 percent, from the previous year’s increase of 11.4 percent.
- Why the Housing Market Is Still Stalling the Economy
New York Times, 4/24/14
Except in a few booming markets, housing is nowhere close to pulling its economic weight.
- The Housing Market With Nowhere to Go (but Up)
New York Times, 3/2/14
As technology companies have moved in — more than 5,000 start-ups now make their home locally — the influx of well-paid workers has pushed rents and home prices through the roof.
- Not waving but drowning
A radical plan to help “underwater” homeowners makes a comeback.
- Global House Prices Inching Up
IMF, December 2013
The housing market is recovering, but real estate in many countries is still overvalued.
- Fewer US Homes Repossessed by Lenders in October
ABC News, 11/14/13
Fewer U.S. homes are completing the foreclosure process and ending up repossessed by banks because investors are increasingly buying up properties when they go on sale at public auction.
- Housing Recovery Seems Still on Track
New York Times, 9/24/13
The housing market, one of the main drivers of the economic recovery, continues to gain strength despite the drag of rising mortgage rates and other economic headwinds, but some analysts are worried that it may slow in the months ahead.
- Behind the Rise in House Prices, Wall Street Buyers
New York Times, 6/3/13
The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time — Wall Street big.
- Home Prices Rise, Putting Country in Buying Mood
New York Times, 5/28/13
Americans are in a buying mood, thanks largely to the housing recovery.
- It's Homeowners vs. Politicians for the Economic Win
U.S. news & World Report, 4/9/13
There's a tug of war going on in the U.S. economy at the moment, and a big unanswered question is which side will prevail: a rebounding housing market that's boosting the economy or government austerity that's dragging it down.
- Housing Probably Cooled at Start of 2013: U.S. Economy Preview
Bloomberg News, 2/17/13
New residential construction cooled in January and U.S. existing-home sales slowed after the strongest year since 2007, representing a break in the momentum for the industry, economists said before reports this week.
- Housing Offers Hope of Strength in the Economy
New York Times, 1/24/13
A funny thing is happening to the United States housing market. It is getting better at an accelerating rate.
- Analysis: Waiting for housing to drive the U.S. economy
The U.S. housing market is on the mend, but the so-called "missing piston" of the world's biggest economy doesn't have enough power to get the broader recovery firing on all cylinders any time soon.
- U.S. Home Construction Climbs to a 4-Year High
New York Times, 10/17/12
Builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months.
- Federal Reserve stimulus program aims to fire up housing market
Los Angeles Times, 9/13/12
The Fed will start buying billions of dollars of mortgage-backed securities to push historically low mortgage rates down further, spurring refinancing activity and home sales.
- Why Homeownership Is Stalling Even As Home Sales Improve
U.S. News & World Report, 7/30/12
It's an odd paradox: buyer demand is strong, year-over-year home sales are starting to heat up, and yet the homeownership rate barely budged in the first half of 2012, seemingly lodged in place at a near 15-year low.
- May Numbers Throw Cold Water on Hopes for Housing Recovery
U.S. News & World Report, 6/22/12
After a few months of more encouraging data earlier this year, a slew of less-than-stellar May numbers threw cold water on hopes that the housing market could be finally turning around.
- Will Europe's financial crisis stall foreign home buying activity?
Since the housing bubble burst, U.S. real estate has become an increasingly appealing investment opportunity to international house hunters.
- S&P Interview with Professors Robert Shiller and Chip Case on the U.S. Housing Market.
S&P HousingViews, 11/3/11
Maureen Maitland, Vice President at S&P Indices, interviews Professor Karl “Chip” Case and Professor Robert Shiller, co-founders of the S&P/Case-Shiller Home Price Index, on the housing market, what’s occurring with the Indices and how they foresee the Indices impacting the markets.
- Realtor Revise: Housing Downturn Was Worse Than We Thought.
It may not seem possible, but the horrific housing market crash of the past few years has actually been worse than we previously thought.
- Gloom Grips Consumers, and It May Be Home Prices.
New York Times, 10/18/11
Americans have lost a vast amount of wealth, and they have lost faith in housing as an investment. They lack money, and they lack the confidence that they will have more money tomorrow.
- Analysis: Housing market to limp along, government hands tied.
The Fed's twist will help, but it won't be enough to turn around the troubled U.S. housing sector.
- U.S. Is Set to Sue a Dozen Big Banks Over Mortgages.
New York Times, 9/1/11
The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.
- White House Seeks Ways to Stem Glut of Foreclosures.
The Obama administration, aiming to boost a housing market showing little sign of recovery from the 2008 credit crisis, is seeking ideas for renting, selling or disposing of foreclosed homes controlled by the government.
- Sales of Existing U.S. Homes Fall, Partly Due to Cancellations.
The Market Oracle, 7/20/11
Sales of existing homes declined 0.8% to an annual rate of 4.77 million units in June.
- Fed’s Yellen Says U.S. Housing Market Will Undergo a ‘Drawn-out’ Recovery.
Federal Reserve Vice Chairman Janet Yellen said the housing market will undergo a “long, drawn-out recovery” and the Fed is working with other agencies to prevent foreclosures and clear the stock of vacant properties.
- May 2011 U. S. Economic and Housing Market Outlook.
New York Times, 5/12/11
Freddie Mac (OTC: FMCC) released its U.S. Economic and Housing Market Outlook for May showing a pick-up in economic growth in the second half of 2011 but with unemployment lingering above 8 percent through year-end.
- Young Home Buyers Will Lead Housing Market Recovery, Says NAHB.
Generation X –young families and adults ages 31 to 45 – are likely to lead the home buying recovery as it gets underway, according to real estate experts.
- Foreclosures up in San Francisco.
San Francisco Chronicle, 1/30/11
San Francisco, once a Teflon-coated real estate market, is experiencing more fallout as the housing downturn and foreclosure crisis grind into their fourth year.
- U.S. Economy and the Housing Market.
Lawrence Yun gave an update on the housing market, recent trends in home sales, and the forecast for the remainder of the year.
- The Bears and the State of Housing.
New York Times, 9/7/10
Of all the uncertainties in our halting economic recovery, the housing market may be the most confusing of all.