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Thursday, October 16, 2014

Housing Shortage in the Spring?


Nat'l Real Estate Post:
Builders confidence is at a 9 yr high, but we are 40% low on new housing starts.  If this keeps up, we will have a housing shortage in the spring.
http://thenationalrealestatepost.com/do-aliens-help-housing/?
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ZeroHedge has long stated that San Francisco is the canary in the American housing coalmine, and after a double round of bad housing news, that canary is looking green around the gills. To wit:
... which now also means that the ultra high end of US housing is now sliding fast, and that unless some other central banks steps up and resumes the injections of some $100 billion in outside money into inflating asset prices such as stocks and billionaire mansions, then all bets are soon off. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31543-zerohedge-americas-most-important-housing-metro-flashing-red
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Shared and taken by Dieter Birr, Ulmer Münster

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Nationally, in a broader index, prices rose 5.6 percent above July 2013, after a 6.3 percent gain for the year in June. -- Vicki Needham in thehill.com
http://thehill.com/policy/finance/219314-home-prices-fall-in-july
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The Realtors project that 4.94 million existing homes will be sold this year, down 3 percent from 5.09 million in 2013. Analysts generally associate sales of roughly 5.5 million existing homes with a healthy market. -- From MoneyNews http://www.moneynews.com/Economy/Pending-Home-Sales-Housing-Economy-Real-Estate/2014/09/29/id/597432/
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Shared and taken by Norbert Metz, Cathedral of Altenberg / Germany

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“This supply response will see house price inflation fall to around 4% per annum by the end of this year and sustain that level for the next few years,” Diggle says. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31516-capital-economics-home-price-growth-will-slow-to-4-annualized
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Shared and taken by M. Freidrich, France

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According to Clark Howard, 15yr mortgage rates for good credit fell to the 2....% range and 30 year fell to the 3...% range.
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Seeking to expand on its pool of potential real estate buyers, Auction.com has created a new division to help commercial and residential real estate investors obtain financing.  Ben Lane in HousingWire
http://www.housingwire.com/articles/31665-auctioncom-launches-auction-finance-to-spur-investor-activity
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Shared and taken by Xalima Miriel, San Martin de Trevejo, Spain

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Their report estimates that heavy college debt will reduce real estate sales by 8% for this year, and that households that pay $750 or more for college loan debt each month are priced out of the housing market entirely.  -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31643-student-debt-costs-housing-83b-a-year
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From the same guys that brought you “What bankers really think about President’s Day,” “The Columbus Day video Most Banks Don’t Want You to See,” brings another dose of friendly, patriotic, humor to the forgotten holiday.  -- Brena Swanson in HousingWire
http://www.housingwire.com/blogs/1-rewired/post/31671-watch-this-hilarious-columbus-day-video-all-about-bankers

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