May’s Interest Rate Spike in Perspective

June 4, 2013

If you’re new to Altos Research, check out our main web site to learn about how we do our real estate market data and how you can benefit from it.   That’s a big move, people. See last week’s post for our current thinking on the housing impact of higher interest rates. Wow. If this […]

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June 2013 Home Prices Up Another 2%, Rents Continue Climbing

June 3, 2013

US real estate prices rose another 2% in May to begin June 2013 up 10% over last year at this time, and up 24% since the botton of the market March 18, 2011. Home prices will peak for the year at the end of June and begin a normal, seasonal stabilization and decline for the […]

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How Much Risk are Rising Mortgage Rates to the Housing Recovery

May 29, 2013

A recovery created purely by government largess is no recovery at all. That’s the strongest argument that our universally hot housing market is ephemeral. It’s true that the hot housing market is due in large part to federal government policy aimed at stimulating and rewarding housing demand. It’s generally a far better deal to own […]

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Rent or Buy? Trends in Price to Rent Ratios Around the Country

April 18, 2013

Somewhere just after the housing bubble burst in 2008 or so, I started hearing institutional investor types considering how they could use their cash to accumulate distressed real estate assets. Funds emerged Waypoint, Colony, BlackRock, heck even John Paulson – he of the Greatest Trade Ever – flipped from shorting sub-prime to going long real […]

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Rents and the Housing Recovery

April 11, 2013

By now it should be clear to everyone that a multi-year home price rebound started in January of 2012. It should also be obvious to everyone that home prices in 2013 are on a tear. The rest of 2013 will remain strong, with rising home prices. The data is already in and it is very […]

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Real Estate Shadow Demand Outweighs its Shadow Inventory

March 20, 2013

Quit your yapping about how strong the real estate market is, Simonsen. It’s a fake rally. There is no actual demand. That’s the bearish argument I’ve been hearing lately. I’m not buying it. For years we’ve been watching the phenomenon of “Shadow Inventory” of potential homes that need to be sold, and looking for impact […]

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Why Forecasts for the 2013 Housing Market are Too Low

March 4, 2013

I’m in Washington DC to talk to the National Association of Business Economics on the state of the housing market. I ran into Lawrence Yun, the chief economist for the National Association of Realtors and he mentioned that he just raised his forecast for 2013 from 4% year over year to 7-8%. That’s pretty bullish. Yun, […]

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Three Reasons Why Housing Inventory is So Low

February 25, 2013

There’s no question about it, the operative theme of the 2013 housing market is restricted supply. Ever since the bubble burst in 2006, we’ve been hearing about the dangers of over supply, of the massive “shadow inventory” out there. Yet we’re living in a vastly different reality. There are 40% fewer homes on the market now […]

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