Housing Market
Winter Is Coming
It’s official. As of 4:23AM, EDT, this morning, the autumnal equinox was upon us (don’t get us started on why daylight savings time changes don’t align with the equinox). And that means, from here on out, the days are going to be shorter than the nights (though curiously, sunrise and sunset times do not change…
Read MoreWinter Is Coming
It’s official. As of 4:23AM, EDT, this morning, the autumnal equinox was upon us (don’t get us started on why daylight savings time changes don’t align with the equinox). And that means, from here on out, the days are going to be shorter than the nights (though curiously, sunrise and sunset times do not change…
Read MoreStatistical Dart Throwing in Favor of Builders
Predicting future trends from past results can generally be quite successful; however, the more variables involved, the less accurate the prediction. That’s why this blog post seems a little bit like throwing statistical darts. Nevertheless, the Mortgage Bankers Association threw those darts, and Bill Conerly provided a nice summary for Forbes. Net net? If death…
Read MoreStatistical Dart Throwing in Favor of Builders
Predicting future trends from past results can generally be quite successful; however, the more variables involved, the less accurate the prediction. That’s why this blog post seems a little bit like throwing statistical darts. Nevertheless, the Mortgage Bankers Association threw those darts, and Bill Conerly provided a nice summary for Forbes. Net net? If death…
Read MoreHow To Improve Your FICO to Get A Better Rate
We love articles from the Motley Fool, because they’re generally quite the opposite of foolish. Yesterday, they came up with 8 things you can do to improve your credit rating — which will almost certainly also improve the interest rate you can get on your mortgage (or any other loan). Most of them are standard…
Read MorePush A Button, Build A House
OK, perhaps you can’t scribble up some notes on your dream mansion, feed the paper into a scanner, and have the home of your imagination pop out — but Big Delta hints at that in the future. Billed as the world’s largest 3D printer, this 40-foot tall behemoth builds houses out of local mud and…
Read MoreConflicting Housing Numbers
All signs recently have been pointing to a sustained housing market, but CNBC reported two conflicting numbers today. Housing starts fell in August 3.0%, which was a larger drop than expected — but it’s mostly been in the Northeast, which fell 33%, according to the attached video. On the other hand, building permits in August…
Read MoreConflicting Housing Numbers
All signs recently have been pointing to a sustained housing market, but CNBC reported two conflicting numbers today. Housing starts fell in August 3.0%, which was a larger drop than expected — but it’s mostly been in the Northeast, which fell 33%, according to the attached video. On the other hand, building permits in August…
Read More14 of Top 100 Markets Overvalued
Fourteen of the top 100 U.S. markets, in terms of home prices, are now “above the long-term fundamental value for that market”. CNBS insists that this is not a bubble, though in the opinion of this writer, the argument — that bubbles ultimately pop, and just because home prices are over valued doesn’t mean that…
Read More[INTERVIEW] Shaky Ground
There’s a new book out by Bethany McClean — Shaky Ground: The Strange Saga of the U.S. Mortgage Giants — published by Columbia Global Reports, and focused on Fannie Mae and Freddie Mac. Kai Ryssdal interviewed Bethany, and it’s available as a podcast. Additionally, the site includes a reasonably lengthy excerpt from the book. Between…
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