It’s a comment on how this country is run that while real estate in 99% of America’s towns and cities went down when the housing bubble burst a few years ago, Washington’s housing sector barely hiccupped.
Andrew Gordon discusses why new homes are failing to sell…once again.
Yale economist Robert Shiller predicted the dotcom bust and the bursting of the housing bubble. So, even though stock prices are high, when asked if he sees a bubble forming in US stocks or other assets, he says no, comparing the relatively calm mood of today to the 1990s, when it seemed that America was entering into a new millennium of endless possibilities.
Can how much cash a company gives to its shareholders determine stock performance? It can if it’s a REIT. REITs are Real Estate Investment Trusts. They give at least 90% of their cash income to shareholders. REITs crashed right along with the real estate market beginning in October
It’s that time of year when housing prices cool off. And sure enough the Standard & Poor’s/Case-Shiller index released on Tuesday shows that prices dropped in 19 of the US’s 20 biggest cities tracked by the index. So this isn’t horrible news. It’s expected. And in the game of expectations that drive
I don’t have to remind you that America’s housing market has been hurting for years. But it looks like all of that pain will finally come to an end. Next year analysts expect the housing market to add to GDP for the first time since 2005. Now I’m usually skeptical of the
The Philly Fed issued its report today on regional housing permits. It said, “From September to October, the issuance of residential building permits increased in New Jersey and fell in Pennsylvania, Delaware, and the nation.” But did you know that the Fed also provides a “change log?” So we can see what
Years ago, the suburbs were a shining example of how well Americans lived as they moved up the socioeconomic ladder. But increasingly, the suburbs are starting to look more like Americanized shantytowns.
