Tag: housing

Housing Affordability – Best EVER!

Housing affordability. From the data, homes are more affordable than ever these days. As the cost has come down and incomes remain somewhat stable, the ZIRP (Zero Interest Rate Policy) of the Fed is allowing for more people to “enjoy” home ownership.

The chart below provides a glimpse into the historical...

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Low Rates Are Not Working – Yet

The latest reading for the mortgage applications shows a slight switch. Now the report shows that the applications that came in are for purchases and a smaller amount refinances. That is good news for the housing market in general. At least there is some purchases being contemplated.

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Housing Market Charts – The Midwest is Doomed

You have just got to wonder where the relief will come from for the housing markets. It is not with rates, it is not with easy loans and unless the govy decides to throw the homebuilders and buyers another bone there surely is going to be another leg down in...

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Another important week for ECO Reports

Another week, another report. Once again it is going to be a fun ride.

Housing starts are going to be a key concern and looking at a consensus that matches prior reports, it is clear that most are very worried about the fact that there is little buying activity. The same...

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